DIRS.INFO The most relevant business & tech news

☆ Rigetti Computing founder joins quantum computing-focused venture fund
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +1 min

June 7 (Reuters) - Chad Rigetti, the founder of Rigetti Computing (RGTI.O), joined quantum technology-focused fund QDNL Participations as a partner, the venture capital firm said on Wednesday. Rigetti Computing started trading on Nasdaq in March 2022 after a merger with a blank-check company. Rigetti left the quantum computing firm backed by Y Combinator and Andreessen Horowitz late last year. Backed by Europe-based Quantum Delta NL foundation, QDNL Participations is a 15 million euro ($16.02 million) fund for early-stage Dutch quantum technology start-ups. Still, it is uncertain when these machines would be ready despite billions being poured into the technology, with big tech companies such as Alphabet (GOOGL.O), IBM (IBM.N) and Microsoft (MSFT.O) betting on this future computing technology.

Persons: Chad Rigetti, Rigetti, Y Combinator, Andreessen Horowitz, QDNL, Jaspreet Singh, Jane Lanhee Lee, Krishna Chandra Organizations: Rigetti Computing, Nasdaq, Delta, IBM, Microsoft, Thomson Locations: Europe, Bengaluru

Some are turning to startups who are pivoting to using powerful chips to run quantum-inspired software on regular computers as they bide their time. In the past 18 months, quantum software startups including SandBoxAQ - an Alphabet spinoff - raised about $1 billion, according to data firm PitchBook. Ultimately, the software inspired by quantum physics won't perform well on quantum computers without some changes, said William Hurley, boss of Austin-based quantum software startup Strangeworks. Still, he said companies that start using them will have engineers "learning about quantum and the phenomenon and the process, which will better prepare them to use quantum computers at the point that they do so." Strangeworks, which also operates a cloud with over 60 quantum computers on it, raised $24 million last month from investors including IBM (IBM.N).

☆ These 74 stocks across 5 categories of AI are the top picks from the sector's leading fund managers.
▼ + stars: | 2023-03-18 | by ( Laila Maidan | ) www.businessinsider.com time to read: +11 min

These 74 stocks are picked by AI ETF managers. What she believes is unique about her fund is its heavy focus on quantum computing technology, making up 41.22% of the fund. While big data is used for different technologies, it enables AI to work with massive data sets in its machine-learning process. TipRanks, a financial technology website that uses AI to analyze financial data, created a stock list for what they deem are the best AI stocks based on popularity. TipRanks' list of nine of the best AI stocks have large market caps and are likely to remain relevant for a long time.

☆ The AI craze has sent some stocks soaring up to 300%. This list of over 74 stocks across 5 categories features the top picks from the sector's leading fund managers.
▼ + stars: | 2023-02-08 | by ( Laila Maidan | ) www.businessinsider.com time to read: +11 min

☆ French quantum computer startup PASQAL raises 100 million euros
▼ + stars: | 2023-01-24 | by ( Jane Lanhee Lee | ) www.reuters.com time to read: +2 min

OAKLAND, Calif. Jan 24 (Reuters) - Paris-based quantum computer startup PASQAL on Tuesday said it had raised 100 million euros ($109 million) and aims to deliver major commercial advantages over classical computers by next year using the fresh funds. The investment is the biggest private funding round for a quantum computer startup in Europe, according to Georges-Olivier Reymond, CEO and co-founder of PASQAL. It comes as the stock price collapse of three New York-listed quantum computer makers, IonQ Inc (IONQ.N), Rigetti Computing , and D-wave Quantum has made funding for the sector challenging. Scientists expect quantum computers could one day make certain calculations millions of times faster than the fastest super computers today. The number of qubits, or quantum bits, is an indication of the power of the quantum computer.

☆ Boston-based quantum computer QuEra joins Amazon's cloud for public access
▼ + stars: | 2022-11-01 | by ( Jane Lanhee Lee | ) www.reuters.com time to read: +2 min

OAKLAND, Calif., Nov 1 (Reuters) - Quantum computer startup QuEra, born from researchers at Harvard University and the Massachusetts Institute of Technology, said on Tuesday its computer is now accessible to the public through Amazon.com (AMZN.O) cloud's quantum computer service Braket. It is the first neutral atom quantum computer to join Braket, which offers five other quantum computers on the cloud - Rigetti Computing, IonQ, D-Wave, Xanadu Quantum Technologies and Oxford Quantum Circuits. Richard Moulds, Braket's general manager, said the service makes it easy and cost effective for researchers to test out different types of quantum computers. Braket, which has been up and running for over two years, has a software layer that allows researchers to use their algorithms for any of the quantum computers on the cloud. Amazon is also developing its own quantum computer, said Moulds.

☆ The perils and promise of quantum computing are nearing. Here are ways to invest
▼ + stars: | 2022-09-24 | by ( Hugh Son | ) www.cnbc.com time to read: +11 min

"In a five- to 10-year timeframe, quantum computing will break encryption as we know it." Since its conceptual birth in the early 1980s, quantum computing has held promise for systems that could exponentially outperform today's computers. Rather than leaning on the zeroes and ones of classical computers, quantum computers emerged from quantum physics, which is the study of the fundamental building blocks of matter and energy. Those strange properties account for the technology's potentially explosive abilities; each additional qubit doubles a quantum computer's power. They are named D-Wave Systems , Rigetti Computing, IonQ , and Quantum Computing.

Search resuls for: "Rigetti Computing"

7 mentions found