Nearly 20 quantum computing companies have been chosen to enter the initial stage of DARPA’s Quantum Benchmarking Initiative, in which they will characterize their unique concepts for creating a useful, fault-tolerant quantum computer within a decade, DARPA said. Companies mentioned by DARPA as “pursuing a variety of technologies for creating quantum bits, including superconducting qubits, trapped ion qubits, neutral atom qubits, photonic qubits, semiconductor spin qubits, and other novel approaches,” include: Hewlett Packard Enterprise (HPE), IBM (IBM), IonQ (IONQ), and Rigetti Computing (RGTI). Companies that successfully complete Stage A will move to a yearlong Stage B, during which DARPA said it will rigorously examine their research and development approach, followed by a final Stage C where the QBI independent verification and validation team will test the companies’ computer hardware.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RGTI:
- Russell 2000 Futures Slide 5% After Trump Imposes Sweeping Tariffs on “Liberation Day”
- Quantum Computing News: Tariffs Put Small Quantum Stocks Under Pressure
- 3 Quantum Computing Stocks to Buy Now, According to Analysts – 4/2/2025
- Nvidia Pushes Quantum Industry Toward Hybrid Future
- IonQ vs. Rigetti vs. D-Wave vs. QUBT: Which Pure-Play Quantum Stock Is the Smartest Bet?