Rigetti Computing Announces MOU with C-DAC for Hybrid Quantum Computing Systems

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(Nasdaq: RGTI) announced the signing of a Memorandum of Understanding (MOU) with the Centre for Development of Advanced Computing (C-DAC), India's premier research and development organization. The MOU aims to co-develop hybrid quantum computing systems to support government laboratories and academics. Rigetti and C-DAC intend to collaborate on the design and development of these systems, exploring use cases and application workflows, and participating in workforce development activities. Rigetti's quantum computing processors, which use superconducting qubits, are well-suited for hybrid systems due to their fast gate speeds and scalability.

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About Rigetti Computing Inc.

Rigetti Computing Inc. is at the forefront of a burgeoning sector within the technology industry, specializing in quantum computing. The company's main objective is to develop and commercialize quantum computing solutions that can outperform classical computers in specific tasks, which holds promise for industries like pharmaceuticals, finance, and artificial intelligence. Rigetti's pioneering efforts aim to harness the principles of quantum mechanics to create advanced hardware and cloud platforms that enable complex problem-solving and optimization capabilities. Founded in 2013 and headquartered in Berkeley, California, Rigetti endeavors to merge cutting-edge quantum technology with practical applications, potentially revolutionizing computational methods across various domains. By building a quantum computing ecosystem, Rigetti Computing Inc. plays a crucial role in advancing the technological paradigm, making it a significant entity within the rapidly evolving landscape of modern computing.