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Rigetti Reports Improved Fidelity on 108-Qubit System, Secures $100 Million CHIPS Act Funding

Rigetti Reports Improved Fidelity on 108-Qubit System, Secures $100 Million CHIPS Act Funding

Rigetti Computing, Inc. has announced its financial results for the third quarter ended September 30, 2026, alongside significant technological milestones. The company reported achieving 99.5% median two-qubit fidelity on its 108-qubit Cepheus-1-108Q system, validating its chiplet-based architecture for scaling superconducting quantum computers. This system is composed of twelve interconnected 9-qubit chiplets. Rigetti also secured a definitive agreement with the U.S. Department of Commerce for up to $100 million in funding under the CHIPS Research and Development Office Broad Agency Announcement, part of the CHIPS Act. This funding will support three key research and development programs: miniaturized readout electronics, expanded cryogenic capacity through a new cryostat architecture, and fabrication capabilities for high-connectivity chip architectures. As a condition of the award, the Department of Commerce received a minority, non-controlling equity stake in Rigetti.
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Nvidia Board Addresses CEO Jensen Huang's Future Amid Allegations of Affairs and Suspected Chinese Spy Involvement

Nvidia Board Addresses CEO Jensen Huang's Future Amid Allegations of Affairs and Suspected Chinese Spy Involvement

Nvidia Board Addresses CEO Jensen Huang's Future Amid Allegations of Affairs and Suspected Chinese Spy Involvement
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D-Wave Reports Strong Q3 2026 Financials, Secures $100 Million CHIPS Act Agreement

D-Wave Reports Strong Q3 2026 Financials, Secures $100 Million CHIPS Act Agreement

D-Wave Quantum Inc. has released its financial results for the third quarter ended September 30, 2026, reporting a 20.7% year-over-year revenue increase to $4.51 million. The growth was driven by an expansion in professional services and Quantum Computing as a Service (QCaaS) revenue. The company also announced the finalization of a definitive agreement with the U.S. Department of Commerce, providing access to up to $100 million in milestone-based funding under the U.S. CHIPS and Science Act. This capital will fund research, fabrication, and packaging for D-Wave's hardware roadmap, which includes developing a 100,000-qubit annealing system and a 10,000-qubit gate-model system. As part of the agreement, the Commerce Department received a minority, non-controlling equity stake in D-Wave. The company also reported a significant surge in Remaining Performance Obligations (RPO) by 1,221% year-over-year to $38.3 million.
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U.S. Agencies Intensify Quantum Computing Validation Efforts Amid 'Put Up or Shut Up' Moment

U.S. Agencies Intensify Quantum Computing Validation Efforts Amid 'Put Up or Shut Up' Moment

Federal agencies in the U.S. are significantly increasing their investments and validation efforts in quantum computing, signaling a critical phase for the technology. The Special Competitive Studies Project (SCSP) released a preliminary report from the Commission on U.S. Quantum Primacy, acknowledging the transformative potential of quantum computing in fields like chemistry, materials science, and drug discovery, despite current technical constraints. Deputy Secretary of Commerce Paul Dabbar announced a $2 billion investment with nine companies to accelerate U.S. leadership in quantum computing and committed the Commerce Department to be an early adopter of post-quantum cryptography. Concurrently, the Defense Advanced Research Projects Agency (DARPA) is entering the final stage of its Quantum Benchmarking Initiative, aiming to determine the feasibility of developing an 'industrially useful' quantum computer by 2033. This third phase involves companies working with DARPA to verify and validate the design ...
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Diraq Deploys First Silicon Spin Quantum Computer in Commercial Data Center, Targets 256 Qubits

Diraq Deploys First Silicon Spin Quantum Computer in Commercial Data Center, Targets 256 Qubits

Diraq Deploys First Silicon Spin Quantum Computer in Commercial Data Center, Targets 256 Qubits
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U.S. Department of Energy Funds Quantum Computing Development to Address AI's Energy Consumption

U.S. Department of Energy Funds Quantum Computing Development to Address AI's Energy Consumption

The United States Department of Energy (DoE) is investing $215 million to accelerate the development of reliable quantum computers, aiming to position the U.S. as a leader in this emerging technology. This initiative is partly driven by the escalating energy demands of artificial intelligence (AI), with global electricity generation for data centers projected to exceed 1,000 terawatt-hours by 2030. Experts suggest that quantum computing could offer a more energy-efficient solution for specific AI workloads, potentially reducing the massive power consumption associated with large language models. The DoE has launched the Quantum Genesis Q Competition, inviting proposals for quantum computers with at least 100 logical qubits capable of fault-tolerant operations. Additionally, the Quantum High-Performance Computing Validation and Verification Testbed Lab Call seeks proposals from national laboratories to develop tools for verifying the performance of fault-tolerant quantum computers.
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DARPA's Quantum Benchmarking Initiative Enters 'Prove It' Stage, Validating Quantum Computing's Value

DARPA's Quantum Benchmarking Initiative Enters 'Prove It' Stage, Validating Quantum Computing's Value

The Defense Advanced Research Projects Agency (DARPA) has advanced its Quantum Benchmarking Initiative (QBI) to Stage C, a critical 'prove it' phase that requires quantum computing companies to demonstrate the real-world value and performance of their systems. This stage mandates independent verification of quantum hardware against a common set of metrics, focusing on the cost-to-solution for significant problems. According to Dr. Rick Muller, Chief Scientist at IonQ Federal, DARPA's QBI aims to determine if the substantial investments in quantum technologies are yielding computational value that outweighs their cost. IonQ, a participant in the initiative, has highlighted its record gate fidelities, 'walking cat' architecture, and cryptographic resource modeling as key elements in its path toward fault tolerance, which will be crucial for demonstrating utility-scale systems by 2033.
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Microchip Production Relies on Highly Controlled Cleanroom Environments

Microchip Production Relies on Highly Controlled Cleanroom Environments

Microchip Production Relies on Highly Controlled Cleanroom Environments
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Ultra-High Purity Neon Market Driven by Semiconductor Fabrication Demands

Ultra-High Purity Neon Market Driven by Semiconductor Fabrication Demands

Ultra-High Purity Neon Market Driven by Semiconductor Fabrication Demands
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D-Wave Secures $100 Million CHIPS Act Funding, Reports Q3 2026 Revenue Increase

D-Wave Secures $100 Million CHIPS Act Funding, Reports Q3 2026 Revenue Increase

D-Wave Secures $100 Million CHIPS Act Funding, Reports Q3 2026 Revenue Increase
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Diraq Deploys Silicon Spin Quantum Computer in Commercial Data Center, Targets Pharmaceutical Drug Discovery

Diraq Deploys Silicon Spin Quantum Computer in Commercial Data Center, Targets Pharmaceutical Drug Discovery

Diraq Deploys Silicon Spin Quantum Computer in Commercial Data Center, Targets Pharmaceutical Drug Discovery
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AMD Executives Address Agentic AI Claims, Emphasizing Broad CPU Utility for Diverse Workloads

AMD Executives Address Agentic AI Claims, Emphasizing Broad CPU Utility for Diverse Workloads

AMD Executives Address Agentic AI Claims, Emphasizing Broad CPU Utility for Diverse Workloads