Rigetti Computing fails to reach DARPA quantum benchmarking second stage
Updated
Updated · The Motley Fool · May 5
Rigetti Computing fails to reach DARPA quantum benchmarking second stage
7 articles · Updated · The Motley Fool · May 5
The company said it hopes to make changes and try again for stage B after missing advancement in DARPA's three-stage Quantum Benchmarking Initiative.
The setback adds to weak performance, with fourth-quarter revenue falling to $1.9 million from $2.3 million a year earlier, far below rival IonQ's $61.9 million.
Rigetti's superconducting-qubit strategy also pits it against better-funded competitors including IBM and Google, raising doubts about its ability to catch up in quantum computing and military-related applications.
With its technology lagging and finances weak, what is Rigetti's plan to survive the quantum computing race?
As IonQ's revenue soars, is its trapped-ion tech the definitive future, or just one of many competing quantum paths?