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Rigetti Computing, Inc. (Nasdaq: RGTI) reported its financial results for the first quarter ended March 31, 2023. Total revenues for the three months ended March 31, 2023 were $2.2 million, compared to $2.1 million in the same period of 2022. The Company’s next generation 84-qubit (Ankaa-1) system, which is built using new architecture of a square lattice and tunable couplers was deployed internally within the Company for testing in March 2023, is achieving 96-97% median 2-qubit fidelity and 65-70 nanosecond gate speeds based on the Company’s internal testing. CEO Dr. Subodh Kulkarni stated that the Company is on track and progressing towards its strategic priorities and technology roadmap.
