commercial quantum
weekly company spotlight: rigetti computing 🖥️
a lot of problems across chemistry, materials science, logistics, and cryptography require exploring an insane number of possibilities that grow exponentially for classical computers. quantum computing aims to exploit quantum mechanics (superposition and entanglement) to evaluate many possibilities simultaneously and potentially solve certain classes of problems dramatically faster.
rigetti computing, founded in 2013, builds quantum computers and provides cloud access so researchers or enterprises can run quantum algorithms without actually owning or developing the hardware themselves. the company operates as a full-stack quantum provider by designing the chips, control electronics, and software tools required to program and operate quantum processors.
the company’s systems use superconducting qubits, which are microscopic circuits developed on silicon chips that behave like artificial atoms when cooled to absolute zero in dilution refrigerators. microwave signals then manipulate these qubits to perform quantum gates, while regular computers conduct the process in hybrid algorithms that combine quantum circuits with optimization loops.
rigetti went public in 2022 via a spac merger at an implied valuation of ~$1.5 billion and trades on nasdaq under “rgti.” the company previously raised ~$200 million and reported ~$7.1 million in annual revenue in 2025.
today’s drops 🔍️
fidhacks (fidelity’s hackathon) registration is open until april 7th
design internship @ ibm
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