California-based quantum circuitry company Rigetti has brought a commercially available quantum computer to the UK.
However, the company says that its fourth-generation Ankaa-1 chip architecture is three times faster than the Aspen.
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But why would a bank contribute money to the project?
so that future-proof its business, as it turns out.
Indeed, one of the first sectors anticipated to reap the benefits of quantum computing is financial services.
With quantum systems connected to the cloud, they dont even need quantum capabilities of their own.
They just need to pay for an interface.
Oxford Instruments NanoScience was founded in 1959, and was the first commercial spinout from Oxford University.
Rigetti is one of the most well-funded quantum computing startups globally, and went public in 2021.
It has been operating quantum computers on the cloud since 2017.
Story byLinnea Ahlgren
Linnea is the senior editor at TNW, having joined in April 2023.
Dabbles in gaming and fitness wearables.
But first, coffee.
