Stocks Taking a Quantum Leap: Beaten Down Quantum Sector Appears to be Strengthening https://thequantuminsider.com/?p=2357428 #Daily #Quantum_Computing_Business #DWave #ionq #quantum_computing #quantum_investing #quantum_technology #Rigetti_Computing #quantumdaily Insider Brief Quantum startups that are trading publicly seem to be recovering from severe lows of 2022 and early 2023. IonQ and D-Wave both witnessed a dramatic surge in their prices recently. Better overall market conditions and str

Rigetti Sees Revenue Boost in Q4, May Need More Funds for R&D in Two Years https://thequantuminsider.com/?p=2351515 #Quantum_Computing_Business #Ankaa1 #Aspen_M3 #financial_results #rigetti #Rigetti_Computing #Subodh_Kulkarni #quantumdaily Insider Brief Rigetti’s numbers for 2022 Q4 include quarter revenues $6.1 million, compared to $1.8 million in 2021 Q4. Net loss for Q4 2022 hit $22.9 million, or $0.19 per share, compared to $14.1 million or $0.61 per share in 2021. Rigetti anticipates addit

6 Companies Developing Superconducting Qubits https://thequantuminsider.com/?p=2350747 #Exclusives #Slider #Anyon #Atlantic_Quantum #Bleximo #IQM #Oxford_Quantum_Circuits #quantum_technology #Rigetti_Computing #Superconducting #quantumdaily The development of quantum computing is expected to be promising for the tech industry, with many companies vying to be at the forefront of this novel technology. Superconducting qubits, we should mention, are a cornerstone of quantum computing that may allo

Rigetti Lays Off 28 Percent of Staff, Focuses on Narrow Quantum Advantage https://thequantuminsider.com/?p=2350637 #Quantum_Computing_Business #Slider #Ankaa #David_Rivas #Jeffrey_Bertelsen #Mike_Harburn #Quantum_Cloud_Services #rigetti #Rigetti_Computing #Subodh_Kulkarni #quantumdaily Insider Brief Rigetti Computing announced updated business strategy, including staff cuts and technological roadmap changes. The company announced it is laying off about 28% of overall staff. Road map will focus

Rigetti Computing Faces De-Listing From Nasdaq https://thequantuminsider.com/?p=2350375 #Quantum_Computing_Business #Chad_Rigetti #delisting #financial #NASDAQ #Rigetti_Computing #SPAC #stock_market #quantumdaily Rigetti Computing, a pioneer in quantum computing, is facing de-listing, according to a letter to investors from Nasdaq. Nasdaq reports that Rigetti, one of the first quantum tech companies to test the public market, is in violation of the stock exchange’s bid price rule. The rule stat

Subodh Kulkarni Takes Helm as President and CEO of Rigetti Computing https://thequantuminsider.com/?p=1652278 #Quantum_Computing_Business #Australia #CEO #Chad_Rigetti #executive #fullstack #rigetti #Rigetti_Computing #Subodh_Kulkarni #UK #US #quantumdaily Insider Brief Subodh Kulkarni will join the Company as President and Chief Executive Officer of Rigetti Computing. Kulkarni was recently President, CEO, and member of the Board of CyberOptics Corporation and began his career in research and m

Rigetti Computing Delays Third Quarter Results, Appoints Interim CEO https://thequantuminsider.com/?p=1388191 #Quantum_Computing_Business #CEO #interim_CEO #Rick_Danis #rigetti #Rigetti_Computing #third_quarter_results #quantumdaily Insider Brief Rigetti Computing filed for an extension for the filing of its Form 10-Q for the third quarter. Rick Danis will serve as the Company’s Interim President and CEO until a more permanent CEO is appointed. Chad Rigetti, prior President and CEO of the Compa

Chad Rigetti to Step Down as Rigetti Computing’s President and CEO https://thequantuminsider.com/?p=1241085 #Quantum_Computing_Business #Slider #Cathy_McCarthy #CEO #CEO_search #Chad_Rigetti #chief_executive_officer #Rigetti_Computing #quantumdaily Insider Brief Chad Rigetti will transition from his position as President and Chief Executive Officer to focus on advancing the company’s products and technology. He will continue to serve as CEO until a new chief executive is appointed. The company