Rigetti Computing Unveils New Quantum Computer Amid Losses
Elevate Your Investing Strategy:
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Rigetti Computing Inc. is a leading company in the quantum computing sector, known for its pioneering work in full-stack quantum-classical computing and its development of scalable quantum processors. The company serves a global clientele through its Rigetti Quantum Cloud Services platform.
In its recent earnings report for the second quarter of 2025, Rigetti Computing announced significant technological advancements alongside its financial results. The company unveiled the general availability of its 36-qubit multi-chip quantum computer, Cepheus-1-36Q, marking a milestone in its roadmap.
Financially, Rigetti reported total revenues of $1.8 million for the quarter, with operating expenses reaching $20.4 million, leading to an operating loss of $19.9 million. The net loss was recorded at $39.7 million, influenced by non-cash losses related to derivative warrant and earn-out liabilities. Despite these losses, the company maintains a strong cash position with $571.6 million in cash, cash equivalents, and available-for-sale investments.
On the technology front, Rigetti's Cepheus-1-36Q has achieved a significant reduction in two-qubit gate error rates and improved gate fidelity, positioning the company as a leader in scalable quantum computing. The company's proprietary chiplet-based architecture continues to drive advancements, with plans to release a 100+ qubit system by the end of the year.
Looking forward, Rigetti remains confident in its technological trajectory and financial strategy, supported by a recent $350 million equity raise. The company aims to leverage its strong financial position to further its commercial scale-up and explore strategic collaborations and partnerships.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
7 minutes ago
- Globe and Mail
PMTS Investors Have Opportunity to Join CPI Card Group Inc. Fraud Investigation with the Schall Law Firm
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of CPI Card Group Inc. ('CPI' or 'the Company') (NASDAQ: PMTS) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. CPI announced its Q2 2025 financial results on August 8, 2025. The Company missed analyst estimates for both revenue and earnings per share. The Company also updated its 2025 outlook based on the acquisition of Arroweye Solutions in May 2025. Based on this news, shares of CPI fell by more than 28.8% on the same day. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at or by email at bschall@ The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
Globe and Mail
37 minutes ago
- Globe and Mail
AI Investors Have Opportunity to Join C3.ai, Inc. Fraud Investigation with the Schall Law Firm
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Inc. ('C3' or 'the Company') (NYSE: AI) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. C3 announced its financial results for Q1 2025 on August 8, 2025. The Company's revenues fell short of prior guidance, which it attributed in part to disruption related to its sales and services organizations. Based on this news, shares of C3 fell by more than 20% on August 11, 2025. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at or by email at bschall@ The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
Globe and Mail
2 hours ago
- Globe and Mail
1 Reason Why Now Is the Time to Buy Bitcoin (BTC)
Key Points Bitcoin's scarcity, with a hard cap of 21 million units, is what makes it a special asset. The digital asset's supply is enforced by a pre-determined halving schedule. Because of the burgeoning federal debt and money supply, Bitcoin's price should keep rising. 10 stocks we like better than Bitcoin › It's impossible to argue with Bitcoin 's (CRYPTO: BTC) performance. Over the past five- and 10-year periods, its price has soared 942% and 47,330%, respectively (as of Aug. 14). The gains have continued more recently, as the cryptocurrency's price is up 104% just in the last 12 months. Bitcoin now trades close to its record price. After such a monumental historical rise, investors are probably wondering if it's smart to buy this top digital asset. In my opinion, it's easy to remain bullish. Here's one must-know reason why now is the time to buy Bitcoin. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Bitcoin has a fixed supply The top reason to buy Bitcoin now is because this leading cryptocurrency has a fixed supply cap. There will only ever be 21 million units in circulation. Right now, there are 19.9 million Bitcoin units out there. The growth in supply is pre-determined by a halving event that occurs approximately every four years. Unless the majority of nodes agree to change the rules, Bitcoin's hard cap isn't going to change. Never-ending currency debasement Owning a scarce asset makes financial sense in its own right. However, when viewed next to the state of the current monetary system, the allure is strikingly clear. The U.S. carries an alarming $37 trillion in federal debt. This figure, and the money supply, have skyrocketed in the past 15 years thanks to unprecedented levels of stimulus. To get out of the Great Recession, and more recently to boost the economy following the COVID-19 pandemic, the government pumps more money into the system. Even in seemingly solid economic times, the debt and money supply expand. More fiat currency chasing a fixed amount of Bitcoin supports a much higher price for the digital asset years and decades from now. Should you invest $1,000 in Bitcoin right now? Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bitcoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,155!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,106,071!* Now, it's worth noting Stock Advisor's total average return is 1,070% — a market-crushing outperformance compared to 184% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025
