financetom
Business
financetom
/
Business
/
Rigetti, Quantum Machines Automate Quantum Computer Calibration; Shares Rise
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Rigetti, Quantum Machines Automate Quantum Computer Calibration; Shares Rise
Dec 10, 2024 8:08 AM

10:45 AM EST, 12/10/2024 (MT Newswires) -- Rigetti Computing ( RGTI ) and Quantum Machines said Tuesday they have successfully automated calibration of a quantum computer using artificial intelligence.

Quantum Elements and Qruise automated the calibration process for a 9-qubit quantum computer by combining advanced hardware and software from Rigetti, Quantum Machines, and Nvidia ( NVDA ) , according to the statement.

Rigetti shares climbed by more than 27% in recent trading on volume of about 89 million shares, compared with a daily average of 27.1 million shares.

Price: 5.74, Change: +1.27, Percent Change: +28.41

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Monolithic Power Systems Insider Sold Shares Worth $2,151,602, According to a Recent SEC Filing
Monolithic Power Systems Insider Sold Shares Worth $2,151,602, According to a Recent SEC Filing
Nov 13, 2024
05:19 PM EST, 11/13/2024 (MT Newswires) -- Michael Hsing, Director, CEO, on Nov. 08, 2024, sold 2,812 shares in Monolithic Power Systems ( MPWR ) for $2,151,602. Following the Form 4 filing with the SEC, Hsing has control over a total of 1,004,130 shares of the company, with 858,265 shares held directly and 145,865 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1280452/000121465924018885/xslF345X05/marketforms-67307.xml Price:...
Instructure Holdings Acquisition Completed by KKR, Dragoneer
Instructure Holdings Acquisition Completed by KKR, Dragoneer
Nov 13, 2024
05:23 PM EST, 11/13/2024 (MT Newswires) -- Instructure Holdings ( INST ) said Wednesday its acquisition by KKR (KKR) and Dragoneer for $4.8 billion in cash was completed. Instructure's ( INST ) shares ceased trading, and the company has been delisted from the New York Stock Exchange. ...
Brazil's BRF swings back to profit in third quarter
Brazil's BRF swings back to profit in third quarter
Nov 13, 2024
SAO PAULO, Nov 13 (Reuters) - Brazilian pork and chicken processor BRF posted on Wednesday a 1.1 billion real ($189.5 million) net profit for the third quarter, following a 262 million real loss a year earlier. Analysts had expected a 1.3 billion real net profit for the quarter ended in September. ($1 = 5.8061 reais) ...
Molina Healthcare Prices $750 Million Debt Offering
Molina Healthcare Prices $750 Million Debt Offering
Nov 13, 2024
05:23 PM EST, 11/13/2024 (MT Newswires) -- Molina Healthcare ( MOH ) said late Wednesday it priced a $750 million private offering of its 6.25% senior notes due Jan. 15, 2033. The offering is expected to generate $740 million in net proceeds, which are likely to be used for general corporate purposes, the company said. Molina expects the offering to...
Copyright 2023-2025 - www.financetom.com All Rights Reserved