Latest news with #fidelity
Yahoo
17-07-2025
- Business
- Yahoo
Rigetti shakes up quantum computing with bold advance
Rigetti shakes up quantum computing with bold advance originally appeared on TheStreet. Quantum computing is arguably entering its make-or-break era. It's no longer an experiment, with tech giants, startups, and national governments shelling out billions to crack problems traditional computers struggle with. 💵💰💰💵 Moreover, it's not about who's the loudest, but who's the most consistent. Progress is gauged in terms of qubits, fidelity gains, and architectures that don't break. Naturally, once the hype settles, investors will separate the wheat from the chaff in the quantum computing space. However, just as some thought momentum might stall, one quantum computing stock quietly surged, stunning everyone in the process. Why quantum computing matters now Quantum computing may sound like sci‑fi to many, but it's already flipping the script on the world's toughest problems. By simultaneously harnessing qubits representing 0 and 1, algorithms that once took millennia can finish in seconds. These qubits allow quantum computers to efficiently crunch far more possibilities at the same time. It's all thanks to crazy quantum effects like superposition and entanglement. The catch, though, is that they're super sensitive. Even the slightest of errors can wreck results. That's exactly why gate fidelity comes in, which serves as a score of how clean and accurate each operation fidelity means lower error rates and a more useful output. Lowering error rates also cuts through the need for heavy error correction, so you gain greater power from the same hardware. Each jump in fidelity turns a theoretical promise into a practical possibility, reminding everyone how swiftly the quantum era is accelerating. And despite the early‑stage risks, the market is set for massive long-term expansion. McKinsey's latest quantum technology monitor forecasts the sector to hit $100 billion within a decade, led by hardware advances and quantum‑as‑a‑service models. From supercharging drug‑discovery simulations to optimizing supply chains, quantum applications efficiently cover every corner of business and science. Nonetheless, the challenges remain. Qubit stability, cryogenic cooling expenses, and error‑correction costs still pose a hurdle to widespread deployment. More Tech Stock News: Elon Musk's xAI is already shockingly massive Cathie Wood drops bold message on Apple, Tesla stock Unsung AI stock pops after joining S&P 500 Every step forward in fidelity and architecture chips away at those barriers, though, bringing real quantum advantage even closer. Fidelity milestone lifts Rigetti stock and reshapes roadmap Rigetti Computing () just gave its investors a new reason to pay attention. It announced a head-turning 99.5% median two-qubit gate fidelity on its modular 36-qubit system, a critical step that cuts error rates by 50% compared to its earlier 84-qubit Ankaa-3 chip. That 99.5% figure isn't just a figure, but a key signal to the quantum space that Rigetti's modular approach is working. Wall Street got the message, with Rigetti stock jumping 30% Wednesday, trading at $16.56. The breakthrough system is built on four 9-qubit 'chiplets,' using Rigetti's tailor-made modular chip the company's latest effort in developing larger and more robust quantum machines. Rigetti is looking to launch the 36-qubit platform publicly on August 15. That launch serves as both a product debut and validation as the company looks toward a more ambitious goal of a 100+ qubit modular system delivering the same high-fidelity performance. A lot of it is about timing, too, as Rigetti previously set this mid-year milestone, and hitting its target boosts confidence in its 2025 roadmap. If it can achieve a 100+ qubit platform by the end of next year, that's likely to be a major leap in an industry where decoherence and error rates often slow real-world adoption. It would also help Rigetti close the performance gap with better-funded rivals like IBM and IonQ. It also raises the stakes for commercial traction. High-fidelity qubits are critical in running longer algorithms and solving critical problems that matter to enterprise users. For now, Rigetti's progress gives it new credibility in a race where results are now driving investor shakes up quantum computing with bold advance first appeared on TheStreet on Jul 17, 2025 This story was originally reported by TheStreet on Jul 17, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
17-07-2025
- Business
- Globe and Mail
1 Quantum Computing Stock to Buy Right Now
Key Points Rigetti achieved 99.5% 2-qubit gate fidelity, making meaningful progress toward the 99.9% threshold needed for fault-tolerant quantum computing. With $575 million in cash, Rigetti has the runway to execute its modular scaling approach. While quantum advantage likely remains two to three years away, Rigetti offers compelling exposure to this transformative technology. 10 stocks we like better than Rigetti Computing › The quantum computing revolution has arrived ahead of schedule. What seemed like science fiction just two years ago now powers real computations in research labs and data centers worldwide. The market has taken notice -- quantum computing stocks have delivered strong gains since late 2024. IonQ, Rigetti Computing (NASDAQ: RGTI), and D-Wave Quantum have all outperformed the S&P 500 (SNPINDEX: ^GSPC) over the past 12 months. The momentum in quantum computing stocks reflects a fundamental shift: Breakthrough innovations have compressed the timeline to commercial quantum advantage from decades to years. ^SPX data by YCharts Yet not all quantum stocks deserve your investment dollars. After yesterday's groundbreaking announcement, one company has positioned itself as a compelling contender in the race to commercial quantum computing. When progress is measured in decimal points Rigetti Computing just achieved what many thought would take years: 99.5% median 2-qubit gate fidelity on its new 36-qubit modular system. This represents a 2x reduction in error rates from Rigetti's previous best -- meaningful progress toward the 99.9% threshold many experts cite as necessary for fault-tolerant quantum computing. The company demonstrated the industry's largest multichip quantum computer yesterday, built from four 9-qubit chiplets tiled together. This modular architecture matters because it offers a practical path to scaling beyond the fabrication limits that constrain single-chip designs. While Rigetti isn't alone in pursuing modular approaches -- IBM (NYSE: IBM) and others are exploring similar architectures -- the company's execution stands out. Gate speeds remain a key advantage Rigetti's superconducting qubits operate orders of magnitude faster than competing technologies like ion traps and neutral atoms. In quantum computing, speed translates to more calculations before quantum states decay -- a critical factor in solving complex problems. The company plans to launch its 36-qubit system on Aug. 15, with a 100+-qubit, chiplet-based system maintaining that same 99.5% fidelity before 2025 ends. These are ambitious targets in an industry known for delays. Government contracts signal confidence, not dominance Rigetti's Q1 2025 results revealed growing government interest in the company's approach. The company secured several research contracts: DARPA's Quantum Benchmarking Initiative worth up to $1 million, Air Force Office of Scientific Research leadership of a $5.48 million consortium, and a 3.5 million pound U.K. Quantum Mission award. When the Department of Defense and the U.K. government invest millions in your technology, it signals confidence in your approach. These remain R&D contracts rather than full commercial deployments, but they validate Rigetti's technical direction. Strategic partnerships amplify this validation. Rigetti has partnered with Nvidia on hybrid quantum-classical workflows, suggesting the chip giant sees potential in Rigetti's platform. Quanta Computer closed a $35 million investment in April, bringing manufacturing expertise to the partnership. The balance sheet provides runway, not immunity Rigetti completed a $350 million equity offering in June, bringing total cash to approximately $575 million with zero debt. This war chest funds operations without immediate dilution concerns. Q1 2025 revenue came in at $1.5 million -- minimal for a company at current valuations. While building transformative technology often precedes revenue, investors should monitor cash burn carefully. Operating expenses of $22.1 million quarterly suggest roughly six years of runway at current rates. The company operates quantum computers over the cloud, sells on-premises systems to national laboratories, and manufactures chips at Fab-1 -- the industry's first dedicated quantum device manufacturing facility. These are real assets, but they're not yet generating meaningful revenue. The path to quantum advantage remains challenging Quantum computing represents a generational opportunity comparable to the transistor or the internet. The potential applications -- drug discovery, materials science, cryptography, financial modeling -- could be worth trillions. Rigetti's modular architecture provides one viable path to scale. By tiling smaller chiplets into larger systems, the company leverages semiconductor industry techniques while working around certain physics constraints. But execution risk remains high, and competitors like IonQ command higher valuations with more commercial traction. Reality check for quantum investors Most experts project true quantum advantage -- where quantum computers solve commercially valuable problems faster than classical systems -- arriving between 2026 and 2028. Rigetti's 99.5% fidelity represents real progress, but crossing the final technical hurdles often proves hardest. For investors willing to accept substantial risk, Rigetti Computing offers exposure to quantum computing's tremendous upside potential. The company has solid technology, adequate funding, and credible partnerships. But in a field where IonQ, IBM, Alphabet, and several others compete fiercely, picking winners remains a speculative exercise. In other words, position sizing with this name should be paramount right now. Should you invest $1,000 in Rigetti Computing right now? Before you buy stock in Rigetti Computing, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Rigetti Computing wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $679,653!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,046,308!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. 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Fox News
03-07-2025
- Politics
- Fox News
Rubio-run State Department dumps Biden-era DEI hiring criteria, replaces with 'fidelity'
FIRST ON FOX: The State Department has changed its hiring and promoting criteria for foreign service officers to eliminate any diversity, equity and inclusion (DEI) considerations. Before now, the second of five core precepts used in State Department hiring and promotion emphasized promoting DEI, according to documents obtained by Fox News Digital. That precept has now been replaced with one focused on "fidelity." A senior State Department official said it was "unbelievable" fidelity was not already part of the promotion criteria. "This is a commonsense and needed change. U.S. Foreign Service Officers represent America overseas and should be judged on their ability to faithfully and dutifully represent and champion our country abroad." The department's previous hiring guide for 2022–2025 required foreign service employees to "demonstrate impact in diversity, equity, inclusion and accessibility," according to the internal documents. Entry-level applicants were expected to proactively seek to "improve one's own self-awareness with respect to promoting inclusivity." Mid- and senior-level supervisors were told to recruit and retain diverse teams, respond immediately to non-inclusive workplace behaviors, and "consult with impacted staff before finalizing decisions." That guidance is now out. The department's new document for 2025–2028 lists "fidelity" as the first of five core precepts, followed by communication, leadership, management and knowledge. Under the new policy, mid- and senior-level Foreign Service Officers must demonstrate loyalty by "zealously executing U.S. government policy" and "resolving uncertainty on the side of fidelity to one's chain of command." The move comes amid a government-wide effort to eliminate DEI within federal agencies, and root out those who they believe to be working to undermine President Donald Trump's agenda. The State Department has also frozen the Foreign Service Officer Test (FSOT) – typically administered three times a year – as it moves to restructure and potentially downsize its workforce. In May, the department submitted a plan to Congress outlining a 15% reduction of its 19,000 employees and the consolidation of over 300 bureaus and agency offices. While a court order has temporarily paused mass layoffs across federal agencies, a recent Supreme Court ruling determined that nationwide injunctions issued by federal district courts "likely exceed the equitable authority that Congress has granted."
Daily Mail
21-06-2025
- General
- Daily Mail
BEL MOONEY: Blackmailed to tolerate a ‘third' in my marriage, do I stay or go?
Dear Bel, I have been married for 28 years and, until four years ago, believed that fidelity was an essential part of our marriage. We were no longer passionately in love, but loved each other and were totally supportive. With our three children, we were seen by many as being an ideal, happy family.
