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- Rigetti Computing (NASDAQ:RGTI) announced it has reached a key mid-year milestone, achieving 99.5% median two-qubit gate fidelity on its modular 36-qubit system—a twofold improvement in error rate over its previous best on the 84-qubit Ankaa-3 chip.
- The new 36-qubit system is built from four 9-qubit “chiplets” using Rigetti’s proprietary modular chip technology, marking a critical step toward its goal of delivering a 100+ qubit chiplet-based system.
- The company plans to launch the 36-qubit platform on August 15 and remains on track to release its larger system, also targeting 99.5% fidelity, by the end of 2025.
- RGTI shares rose nearly 10% premarket, while other quantum computing stocks also edged higher. IonQ (IONQ) rose 1.7%, Quantum Computing (QUBT) gained 3.1%. D-Wave Quantum (QBTS) advanced 0.9% and Arqit Quantum (ARQQ) added 3.4%.
- Source: Press Release
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