Mentioned:
A university in Canada is betting on the future of quantum computing. Which is exactly why they’ve buying a quantum processing unit from Rigetti Computing.
What’s happening:
- Rigetti Computing (NASDAQ: RGTI) has sold one of their flagship Novera QPUs to the University of Saskatchewan
Why it matters:
- This is the first time ever that Rigetti Computing has sold their Novera QPU to a Canadian university
Going deeper:
- Rigetti Computing’s Novera QPU is a 9 qubit superconducting processor that is capable of implementing universal gate based quantum computing and rapid two-qubit operations
- The University of Saskatchewan has publicly stated that they are building their own full stack, open architecture quantum computer and will leverage Rigetti’s Novera QPU as the core processor
- The University of Saskatchewan plans to allow both students and researchers access to their new quantum computer to accelerate breakthroughs in drug development, vaccines, data encryption and agriculture
The intrigue:
- The University of Saskatchewan’s new quantum computer being installed on campus is widely considered to be the first ever full stack quantum computer that will be directly owned by a university in Canada
