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        California-based full-stack quantum computing company Rigetti Computing and UK-based quantum software company Riverlane have joined a project led by the Oak Ridge National Laboratory (ORNL), a part of the US Department of Energy (DOE), to explore the possibility of integrating a quantum computer and high-performance computing (HPC) systems.
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        As part of the project, the companies will develop the world&rsquo;s first benchmarking suite, &quot;QStone,&quot; to measure the performance of high-performance computing (HPC) and quantum computing systems. They will synergize using ORNL&rsquo;s supercomputer, Summit, along with elements from Riverlane and Rigetti&rsquo;s quantum technology.&nbsp;
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        The collaboration will help to identify early difficulties in merging the two technologies and provide a better understanding of the scalability and real-world applicability of quantum computing.
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  <p>
    <a href="https://www.globenewswire.com/news-release/2024/02/27/2836021/0/en/Riverlane-and-Rigetti-Computing-Partner-with-Oak-Ridge-National-Laboratory-to-Work-to-Improve-HPC-Quantum-Integration.html">
      Press release
    </a>
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  <p>
    <a href="https://thequantuminsider.com/2024/02/27/riverlane-rigetti-computing-and-oak-ridge-national-laboratory-partner-to-improve-hpc-quantum-integration/">
      The Quantum Insider&nbsp;
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Quantum Computing

PROMINENT_CATEGORY

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  <p>Rigetti Computing, a quantum computing company from California, and Riverlane, a quantum software company based in the UK, have partnered with the Oak Ridge National Laboratory (ORNL) for a project aimed at integrating a quantum computer with high-performance computing (HPC) systems. ORNL is a part of the US Department of Energy.</p>
  <p>These companies, as part of the project, will create the first-ever benchmarking suite, "QStone," designed to assess the performance levels of both HPC and quantum computing systems. This will be accomplished using ORNL’s supercomputer, Summit, in combination with elements from Riverlane and Rigetti’s quantum technology.</p>
  <p>This collaborative venture will aid in detecting any early challenges in the process of merging the two technologies. Furthermore, it will provide a more detailed understanding of the scalability and applicability of quantum computing in real-world scenarios.</p>
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Rigetti and Riverlane join DOE project to explore quantum-supercomputer integration

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 <p>Rigetti UK, a branch of American quantum computing firm Rigetti Computing, has obtained a Small Business Research Initiative (SBRI) grant from Innovate UK, bankrolled by the National Quantum Computing Centre (NQCC).</p>
 <p>The funding will facilitate the development and provision of a 24-qubit quantum computer to the NQCC. This will use Rigetti's fourth-generation Ankaa-class blueprint. The installment will take place at NQCC’s key facility at Harwell Campus, with the opening projected for 2024.</p>
 
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Rigetti UK secures SBRI grant to develop quantum computing system to NQCC

INCUMBENTS_PRESENT

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 <p>Rigetti UK, Rigetti Computing's subsidiary, has won a UK innovate grant for Quantum Computing Applications' feasibility studies. This is a collaborative project with Amazon Web Services, Imperial College London, and Standard Chartered Bank. The project commences in January 2024 and lasts for 18 months.</p>
 <p>Its aim is leveraging quantum computing and classical machine learning to improve the data analysis prowess of financial institutions in understanding complicated data streams.</p>

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Rigetti UK secures Innovate UK grant to advance quantum ML

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<p>California tech firm, Rigetti Computing, collaborates with Moody's Analytics to enhance machine-learning methods in finance using quantum computing. As part of this, Rigetti also unveiled its 84-qubit Ankaa-2 quantum system, accessible to the public through its cloud platform. The partnership will harness this system for superior error correction strategies on larger-scale macroeconomic data sets.</p>
<p>The Ankaa-2 system, based on Rigetti's newest chip architecture, has achieved a 2% median two-qubit gate error rate, marking an important improvement in system fidelity.&nbsp;</p>
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Rigetti Computing partners with Moody’s Analytics; makes Ankaa-2 publicly available

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 <p>California-based full-stack quantum computing company Rigetti Computing has launched their first Quantum Processing Unit (QPU), named Novera. The QPU is based on their fourth-generation Ankaa-class architecture and has a starting price of USD 900,000. The Novera QPU consists of a nine-qubit chip, a five-qubit chip, a specially designed puck for routing signals, and a coolant tower. It also features shields for protection from radiation and magnetic disturbances, as well as a signal chain with signal conditioning devices. According to Rigetti, the Novera QPU will enable advanced research in qubit operations, gate design, error mitigation, and quantum algorithm development.&nbsp;</p>
 
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Rigetti Computing launches its first quantum processing unit

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  <li><p>California-based full-stack quantum computing company Rigetti Computing has secured a USD 1.5 million Phase II contract from the Defense Advanced Research Projects Agency (DARPA) under its Quantum Benchmarking Program, to develop performance benchmarks for quantum applications on large-scale quantum computers. The company secured the Phase I contract in August 2022.</p></li>
  <li><p>The upcoming Phase II will focus on improving the estimates from Phase I of the project and establishing new limits on these requirements.</p></li>
  <li><p>Phase II will continue to collaborate with the University of Technology Sydney, Aalto University, and the University of Southern California. The project, which is expected to be completed by March 2025, will specifically focus on fault-tolerant quantum applications related to dynamic chemistry simulations and quantum system modeling.</p></li>
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Rigetti receives USD 1.5 million Phase II DARPA contract for quantum benchmarking

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  <li><p>Rigetti UK, a subsidiary of Rigetti Computing, is collaborating with HSBC, the Quantum Software Lab, and the National Quantum Computing Centre on a financial crime prevention project. The project is supported by an Innovate UK grant and is expected to last 18 months starting from September 2023.</p></li>
  <li><p>The consortium aims to enhance anti-money laundering practices using quantum machine learning. Rigetti's expertise in quantum computing and HSBC's knowledge of financial norms will be combined to develop and refine quantum ML models. This project is part of the effort to achieve a state of narrow quantum advantage, where a quantum computer can solve problems more efficiently than classical solutions.</p></li>
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Rigetti UK secures Innovate UK grant to advance quantum machine learning

California-based company Rigetti Computing has been awarded a contract by the Defense Advanced Research Projects Agency (DARPA) to advance quantum algorithms for solving combinatorial optimization problems. The project, called SPEEQ, aims to develop a more effective method of encoding optimization problems onto qubits, with a focus on scheduling issues. This will allow current quantum computers to handle larger problems, enabling better comparison between classical and quantum algorithms. The findings from the project will be used to develop new algorithms that use the correct number of qubits and quantum operations to solve specific problems.

Rigetti secures DARPA IMPAQT project contract to advance quantum algorithms

Quantum computing company Rigetti Computing has been awarded a five-year contract with the Air Force Research Lab to provide quantum foundry services. The financial details have not been disclosed. Rigetti will supply AFRL researchers with customized quantum systems to support their research on building the next generation of quantum networks. The collaboration will also help Rigetti improve its understanding of the fabrication process at the device and design levels. The quantum systems provided will include quantum integrated circuits, quantum-limited amplifiers, cryogenic microwave components, and 9Q quantum processing units.

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