finance
Rigetti Signs Letter of Intent With U.S. Government for Quantum Research Funding
Rigetti Computing signed a letter of intent with the U.S. Department of Commerce for up to $100 million in funding over three years. The award aims to accelerate superconducting quantum computing research and development.
May 21, 7:17 AM·1m read2 sources
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U.S. Department of Commerce for an award of up to $100 million in funding over three years. The agreement targets acceleration of superconducting quantum computing research and development.
The letter of intent outlines the potential award structure and timeline. Financial terms specify the total amount and three-year period.
Rigetti Computing will direct the resources toward advancing its quantum technology efforts. U.S. Department of Commerce will oversee the award process under the letter of intent.
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