Rigetti Computing Awarded DARPA IMPAQT Contract To Advance Quantum Algorithms For Solving Combinatorial Optimization Problems
Portfolio Pulse from Benzinga Newsdesk
Rigetti Computing, Inc. (NASDAQ:RGTI) has been awarded a DARPA project under the IMPAQT program to advance quantum algorithms for solving combinatorial optimization problems. The project, named SPEEQ, aims to develop an efficient encoding of optimization problems onto qubits, enabling larger problems to be mapped to currently available quantum computers. The project will specifically address scheduling problems, which are pervasive across numerous industries. The SPEEQ project emerged from findings in Rigetti's project for the DARPA ONISQ program, in partnership with NASA and USRA.
October 03, 2023 | 12:38 pm
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Rigetti Computing's new DARPA contract for the IMPAQT program could potentially advance their quantum computing capabilities, specifically in solving combinatorial optimization problems. This could have a positive impact on the company's reputation and future prospects.
The DARPA contract is a significant achievement for Rigetti Computing, as it could potentially advance their quantum computing capabilities. This could enhance the company's reputation in the field, attract more partnerships, and open up new opportunities for growth. Therefore, this news is likely to have a positive impact on the company's stock in the short term.
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