Rigetti Computing takes off to new spheres with Ankaa-3

The company Rigetti Computing, a leader in the field of quantum computers, can celebrate a dramatic price surge that started in early trading hours on Monday with an increase of over 15%. The reason for the euphoria is the market introduction of the latest quantum system, the 84-qubit Ankaa-3. Considering the performance since the beginning of the year, the price increase amounts to an impressive nearly 1,100%, while the stock alone has risen by over 1,233% in the last six months. The state-of-the-art Ankaa-3 system is defined by an improved cryogenic base and optimized qubit arrangements. Particularly noteworthy is the innovative Alternating-Bias Assisted Annealing (ABAA) technology, which enables precise frequency adjustment and impressively enhances hardware performance. Ankaa-3 boasts a record performance: An average two-qubit gate fidelity of 99.5% sets new standards in the quantum world. The system is currently accessible via the Rigetti Quantum Cloud Services and will be compatible with Microsoft Azure and Amazon Braket platforms starting in early 2025. Thanks to an improved qubit chip and advanced calibration techniques that reduce error rates, Ankaa-3 enables faster and high-quality gates specifically designed for research on complex algorithms. Dr. Subodh Kolkarni, the CEO of Rigetti, emphasized the company's solid financial foundation, with reserves of 225 million dollars. The focus is on the future, with the aim of offering scalable, modular systems with over 100 qubits by the end of 2025.