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Y Combinator-Funded Startup To Do Quantum Computing -- Only Better (bizjournals.com) 75

An anonymous reader writes: A "spaceshot" company that emerged from Y Combinator three summers ago and is targeting a revolutionary change in the way computers work has landed $64 million to help it in the race against much bigger tech giants. Rigetti Computing, which operates out of Berkeley and Fremont, is tackling quantum computing and going up against research being done by the likes of IBM, Intel, Microsoft and others... Rigetti is building a cloud quantum computing platform for artificial intelligence and computational chemistry. It recently opened up private beta testing of 'Forest', its API for quantum computing in the cloud. It integrates directly with existing cloud infrastructure and treats the quantum computer as an accelerator.
"The potential to make a positive impact on humanity is enormous," said Chad Rigetti, the startup's founder and CEO -- who declined to say whether the company is actually earning any revenue yet.
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Y Combinator-Funded Startup To Do Quantum Computing -- Only Better

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  • by Anonymous Coward

    "Chad Rigetti, the startup's founder and CEO -- who declined to say whether the company is actually earning any revenue yet."

    who would also decline to say whether the company is doing proper quantum computing yet.

    • by Tackhead ( 54550 )

      "Chad Rigetti, the startup's founder and CEO -- who declined to say whether the company is actually earning any revenue yet." who would also decline to say whether the company is doing proper quantum computing yet.

      If he knew how much revenue he was getting, he wouldn't know whether the revenue growth rate was growing or shrinking. How the fark is he supposed to get Series A funding at a good valuation like that? Naw, man, he did it right - assume a given momentum sufficient to get the next round of fu

      • Their quantum computer works, and that explains why the CEO doesn't know his revenue.
        They do their accounting directly on the quantum computer, and the revenue figure is still in a superposition.
        Asking the CEO "What's your revenue?" is like asking Schrodinger "How's your cat?"

    • Some people's misunderstanding of "quantum" results in Schrodinger's indeterminacy principle being thtown into the mix resulting in a condition where a company must simultaneously be doing quantum computing right and wrong. Also, descriptions of quantum computing fail to acknowledge the presence of logic gates. I haven't read this article yet to determine if it follows the pattern though.
    • I guess I ain't got religion yet. Quantum computing seems like the CS dept's answer to cold fusion.

      Hey! I've got an idea -- cold fusion powered quantum computing! It can compute the proof that Martians are living in Grovers Mill, NJ and using faster-than-light neutrinos to tap Trump Tower from Obama's secret underground military base near the Lincoln Memorial.
  • Yeah, okay. $20 says this turns out to be a giant scam inside of five years
  • by nitehawk214 ( 222219 ) on Friday March 31, 2017 @11:49PM (#54156313)

    Is there anything that comes out of Y Combinator that isn't a buzzword-laden funding scam?

    • by darkain ( 749283 )

      I'm pretty sure that's exactly what they teach at the Y. Even successful companies to come out of them are still filled with this bullshit nonsense up and down.

      • They just define "success" as "succesully for a bunch of suckers to give them money".

        It's also possible this is just an early April Fool's post. Shit has been old for a decade.

    • Can't, tell, if, April, fools story yet. Must, not, give in! Must, type, like, Captain Kirk.
  • April First? (Score:5, Informative)

    by Jonathan P. Bennett ( 2872425 ) on Saturday April 01, 2017 @12:09AM (#54156373)

    Is this the first of Slashdot's April Fools posts? It's getting harder to tell.

    • by lucm ( 889690 )

      Is this the first of Slashdot's April Fools posts? It's getting harder to tell.

      We live in a strange time. Donald Trump is the president, Facebook makes 2x more money than Ford, and that profit wouldn't be enough to cover Uber losses while it's decimating the taxi industry. So yeah, April Fools is all year round.

      • I also found this file called "Trump Intelligence Allegations". If that isn't an April Fools, I don't know what is.
  • by Anonymous Coward

    WTF just happened now everything looks like shit with slashdot redesign. WTF?!?!

    • Re: (Score:3, Funny)

      by Anonymous Coward

      They copied the "Hacker News" layout.

  • New Slashdot look? Yuck!

  • Here's how quantum computing really works:

    It splits reality into millions of possible universes, trying a different answer in each one. Then it uses quantum interference to destroy every universe where the answer comes out wrong. When it's done, you know the answer you have is right.

  • I'm reading "Chaos Monkeys: Obscene Fortune and Random Failure in Silicon Valley" [amzn.to] by Antonio Garcia Martinez. The author and his two engineers leave the startup they worked at to create a startup at Y Combinator to create a better version of the Digg toolbar (remember toolbars?) for Google advertisers in 2010. I'm at the part where they get served with an intellectual property lawsuit, as one of the engineers wrote half of the code base at old startup. Fun times.

    I doubt this book will replace Startup: A Sil [amzn.to]

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