Rigetti Computing is partnering with HPE and the Pittsburgh Supercomputing Center (PSC) to construct TangleLab, a hybrid quantum-classical supercomputing testbed funded by a $5 million NSF grant. This collaboration aims to advance hybrid quantum-classical workflows and positions Rigetti's Novera quantum system at the core of a significant research initiative, potentially boosting its commercialization efforts.
Rigetti Computing (RGTI) has announced a significant partnership with Hewlett Packard Enterprise (HPE) and the Pittsburgh Supercomputing Center (PSC) to build TangleLab, a hybrid quantum-classical supercomputing testbed. This project, funded by a $5 million NSF grant, will feature Rigetti's 9-qubit Novera quantum computing system integrated with classical HPC. This is a positive development for Rigetti as it places their technology at the forefront of a major research initiative, validating their superconducting quantum systems and potentially accelerating commercialization. For HPE, it reinforces their leadership in HPC and their strategic move into hybrid quantum computing. The long-term implication is the advancement of quantum-classical workflows, which could open new markets for both companies. Short-term, this provides a tangible milestone for Rigetti and could attract further research and development funding or partnerships, while for HPE it solidifies their position in a nascent but high-potential market. The key opportunity for traders is the potential for increased visibility and adoption of Rigetti's technology, and for HPE, a strengthened position in the future of computing.