Rigetti Computing Inc. (NASDAQ:RGTI) missed its fourth-quarter estimates but equated its quantum computing progress with International Business Machines (NYSE:IBM) and Alphabet Inc.‘s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google with an ambitious target of scaling its chiplet strategy up to 100 qubits in 2025.
What Happened: Quantum Computing race heats up as Rigetti’s president and CEO, Subodh Kulkarni, said during the company’s earnings call that it is a leader in the space as it is competing right at the top along with IBM and Google.
Explaining that RGTI’s roadmap was comparable to IBM, Google, Kulkarni added that “we certainly view ourselves along with IBM and Google in the leadership position”.
After its latest launch of 84-qubit Ankaa-3 system in December 2024, it outlined plans to scale to 100-plus qubits by the end of the year. However, IBM had unveiled its 400 qubit-plus quantum processor in 2022, which was not deployed because of challenges, said …
