RIGETTI COMPUTING, INC. Superconducting Quantum Computing:
Building on Decades of Semiconductor Innovation for Transformative Computational Power
Dr. Subodh Kulkarni
CEO, Rigetti Computing
July 10, 2024
Copyright Rigetti Computing 2024
Why Quantum Computing?
We believe quantum computing has the potential to
- Enable computing power (2N) magnitudes higher than classical systems (2*N)
- At significantly less energy
- Solve problems that are unsolvable with classical systems
- Significantly improve encryption compared to current state-of-the-art 512 bit encryption
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Quantum Computing Market Potential
- Expected to grow from $1.1 billion in 2022 to $7.6 billion in 20271 - Mostly government spending (excludes China)
- Beyond 2035, quantum computing is expected to become fault tolerant (FTQC) and $100+B market2 - Mostly commercial customers
- Key inflection points
- narrow Quantum Advantage (nQA) when quantum computers are better in performance/cost for some practical applications - in 2-3 years
- QA when quantum computers are better for most practical applications - in 6-8 years
- IDC Worldwide Quantum Computing Forecast, 2023-2027: Surfing the Next Wave of Quantum Innovation
2 BCG, "What Happens 'If' Turns to 'When' in Quantum Computing", July 2021 3 McKinsey, Quantum Technology Monitor, April 2024
FTQC
QA
nQA
Data compiled using external analyst reports 1, 2, 3
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Today's Quantum Computing Market
Governments are treating quantum computing as critical for national interests
$42B total government investment
announced in 2024 - 26% increase from 20231
Examples of government funded quantum computing programs
- US: National Quantum Initiative Act ($968M requested budget in FY 2024)
- UK: National Quantum Technologies Programme (£2.5B over 10 years)
- India: National Quantum Mission ($740M USD over 8 years)
- European Union: Quantum Technologies Flagship (€1B over 10 years)
Such programs foster innovation, collaboration with academia & industry, and workforce development
1McKinsey,1 IDC WorldwideQuantumQuantumTechnologyComputingMonitor,Forecast,April 2024023-2027: Surfing the Next Wave of Quantum Innovation
- "Overview of Quantum Initiatives Worldwide 2023." QURECA, July 2023
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Today's Quantum Computing Market
Early adopters in industry
Industry Use Cases
Finance → Optimize returns and risks for large financial portfolios; predicting recessions, etc.
Pharmaceutical → Aid drug discovery
Energy → Develop synthetic enzymes and catalysts for energy production
Logistics → Reduce fuel costs by optimizing vehicle routing
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Multiple Modalities for Quantum Computing - We Believe Superconducting Modality is the Leader
- Superconducting (Rigetti, IBM, Google, Amazon, Fujitsu, IQM, QuantWare, Government of China, etc.)
- Scalable - leverages semi experience, but with some new materials/processes
- Fast gate speeds
- Challenge - fidelity improvement (similar to early CMOS development)
- Currently at about 100 qubits, 99-99.5% 2q fidelity, 50-100 ns gate speed
- Trapped ions (IonQ, Quantinuum, Oxford Ionics, etc.) and Pure Atoms (QuEra, Atom Computing, etc.)
- High fidelity
- Slow gate speed and scalability challenges
- Currently at 25 qubits, 99.5% fidelity, 300-500 us gate speed
- Photonics (PsiQuantum, Xanadu, Government of China, etc.)
- High fidelity and fast gate speed
- Entanglement challenges
- Currently at only <10 qubits
- Spin/Quantum dots (Intel, Diraq/GF, etc.)
- Leverages conventional CMOS Fabs
- Currently at only 10-15 qubits
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Rigetti's mission
Build the world's most powerful computers to solve humanity's most important and pressing problems
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Rigetti Computing
A Pioneer in Superconducting Quantum Computing
Rigetti's quantum data center located in | Rigetti's Fab-1, the industry's first dedicated quantum |
Berkeley, California | foundry, located in Fremont, California |
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Pioneering Superconducting Quantum Technology | Ankaa™-2 | |
achieves 98% | ||
Commercial | median 2Q | |
availability of | gate fidelity | |
Rigetti at a Glance | Aspen™-M80-qubit | |
system, the largest | 2024 | |
2013 | quantum computer | |
on AWS | ||
Founded | ||
15
Deployed quantum
systems to-date
70,000
Combined sq. ft. of
facilities
132
Employees
Rigetti's Fab-1 | First hybrid | Joins Fermilab's | 2022 | |
SQMS Center as | ||||
commissioned as | cloud | |||
lead industry | ||||
first dedicated | platform | |||
partner | ||||
quantum chip | with QCS™ | |||
fabrication | ||||
launch | 2020 | |||
Patented hybrid | facility unlocking | |||
quantum-classical | vertical | 2021 | ||
co-processor | integration | |||
architecture | 2018 |
2023
35 patents
Launches the Novera™ QPU, Rigetti's first
49
PhDs
~200 patents
Currently at 84Q, 99.9% 1Q fidelity, 98% 2Q fidelity, 70 ns gate speed
Expected 84Q at 99+% 2Q fidelity by end of '24 and 300+Q at 99.x% fidelity by end of '25
Copyright Rigetti Computing 2024
2014
2013
Rigetti founded as the first full-stack, universal pure-play quantum computing company
2016 | 2019 | First scalable | |
quantum chip | |||
2017 | demonstrated | ||
32-qubit system | based on Rigetti | ||
2015 | proprietary | ||
launched on | |||
modular | |||
Amazon Web | |||
architecture | |||
Established | Rigetti deploys | Services (AWS) | |
Quantum Data | quantum | ||
Center in | computer over | ||
Berkeley, CA | the cloud | ||
6 |
commercially available QPU
The Power of Hybrid Computing
Quantum computing can augment classical workflows for unprecedented computational power
Quantum | Classical |
Computing System | Computing System |
High
Performance
- We believe hybrid computing will leverage the best of quantum and classical computing, and is how quantum computers will become commercially successful
- Rigetti - Oak Ridge National Laboratory - Riverlane partnership to develop integration of quantum computers into HPC environments
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Rigetti Computing Inc. published this content on 11 July 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 July 2024 06:33:07 UTC.
