Rigetti Computing reported Q3 2024 financial results with revenues of $2.4M and a net loss of $14.8M. Operating expenses were $18.6M, while cash and investments totaled $92.6M as of September 30, 2024.The company announced an updated technology roadmap, planning to introduce a new modular system architecture in 2025. Key milestones include releasing a 36-qubit system with 99.5% median 2-qubit fidelity by mid-2025, followed by a 100+ qubit system by year-end. The company remains on track to deploy its 84-qubit Ankaa-3 system by end of 2024.Rigetti highlighted significant technological advances, including the introduction of ABAA, a novel chip fabrication technique for precise qubit frequency targeting. The company also demonstrated real-time quantum error correction with Riverlane and announced the co-location of its Novera QPU at the Israeli Quantum Computing Center. Additionally, Rigetti's 24-qubit Ankaa-class system became operational at the newly opened National Quantum Computing Centre facility.

Rigetti Computing reported Q3 2024 financial results with revenues of $2.4M and a net loss of $14.8M. Operating expenses were $18.6M, while cash and investments totaled $92.6M as of September 30, 2024.The company announced an updated technology roadmap, planning to introduce a new modular system architecture in 2025. Key milestones include releasing a 36-qubit system with 99.5% median 2-qubit fidelity by mid-2025, followed by a 100+ qubit system by year-end. The company remains on track to deploy its 84-qubit Ankaa-3 system by end of 2024.Rigetti highlighted significant technological advances, including the introduction of ABAA, a novel chip fabrication technique for precise qubit frequency targeting. The company also demonstrated real-time quantum error correction with Riverlane and announced the co-location of its Novera QPU at the Israeli Quantum Computing Center. Additionally, Rigetti's 24-qubit Ankaa-class system became operational at the newly opened National Quantum Computing Centre facility.