Rigetti Wins $100M From US Government For Quantum R&D
AI Summary
Rigetti Computing received $100 million in CHIPS Act funding to accelerate the development of utility-scale superconducting quantum computers.
Rigetti Computing has officially been awarded $100 million in funding from the U.S. Department of Commerce. This significant investment was secured through the CHIPS Act’s Broad Agency Announcement, marking a major milestone for the company's research and development efforts.
The funding is specifically earmarked to support three core research and development projects. These initiatives are designed to address and overcome critical technical obstacles currently hindering the scaling of superconducting quantum computing systems.
By focusing on these technical bottlenecks, the investment aims to accelerate Rigetti's roadmap toward building utility-scale quantum computers. Furthermore, the move is intended to strengthen the domestic quantum computing ecosystem, ensuring the United States maintains a competitive edge in this strategic technology sector.
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