Rigetti Computing Wins Innovate UK Competition To Deliver A 24-Qubit Quantum Computing System To The National Quantum Computing Centre
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Rigetti Computing, Inc. (NASDAQ:RGTI) has been awarded a grant by Innovate UK, funded by the National Quantum Computing Centre (NQCC), to develop and deliver a 24-qubit quantum computer based on its Ankaa-class architecture to the NQCC's Harwell Campus. The system will feature advanced technology from Rigetti's 84-qubit Ankaa-2 system, including tunable couplers and a square lattice, achieving a 98% median 2-qubit fidelity and a 68 nanoseconds gate time. Rigetti's software development tools and Tsunamis control systems will be deployed with the system, which will be available over Rigetti Quantum Cloud Services. Riverlane will integrate its Quantum Error Correction Stack, including Deltaflow.Control, to enhance the system's control and readout capabilities.
February 05, 2024 | 9:15 pm
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Rigetti Computing, Inc. has been awarded a grant to develop a 24-qubit quantum computer for the NQCC, featuring advanced technology and significant improvements in fidelity and gate time.
The award of the grant to Rigetti for the development and delivery of a 24-qubit quantum computer to the NQCC signifies a significant achievement and potential revenue opportunity for the company. The advanced features of the proposed system, such as the 98% median 2-qubit fidelity and the shortest gate time demonstrated by a Rigetti QPU, highlight the company's technological advancements and could enhance its reputation in the quantum computing industry. This development is likely to be viewed positively by investors and could lead to a short-term increase in the company's stock price.
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