Rigetti Computing to go public • Hacker News Board

Re: Rigetti Computing to go public

#31

Post by onphonenow » Wed, Oct 06, 2021, 2:01 PM UTC

ThePhysicist wrote: post #6

Congrats to the team, well deserved! I met Chad once at a quantum computing conference in Zurich in 2011, when he was still working for IBM as a researcher. I myself finished my PhD in 2012, leaving academia to work in software. In 2013 I contacted Chad and we had a short Skype call where we talked about quantum computing, since we were both interested in doing something in the space. I don't remember why I didn't fo…

Offers may have had relatively small equity - think 1%. So at most 10 - 15m. If you have better ideas and ability to build a company and execute not unreasonable to do own thing

Re: Rigetti Computing to go public

#32

Post by boringg » Wed, Oct 06, 2021, 2:01 PM UTC

Has anyone done any real due diligence on the company within the community? Do they have a really exciting path forward and serious traction at this point to warrant their price in the market?

I never trust the SPAC route - less rigorous detail and typically overhyped prospects. Would like to be corrected though.

Re: Rigetti Computing to go public

#33

Post by wadeparzival » Wed, Oct 06, 2021, 2:06 PM UTC

the_duke wrote: post #19

> Rigetti expects to scale its quantum computers from 80 qubits in 2021, to 1,000 qubits in 2024, and to 4,000 qubits in 2026. Is that realistic at all? From what I've read on the subject, everyone seems to have trouble scaling up.

IBM has a similar timeline in its roadmap, going from 65 qubits in 2020 to 1,121 qubits in 2023. From their blog [1], it seems like scaling beyond 1,000 will be the real challenge.

[1] https://research.ibm.com/blog/ibm-quantum-roadmap

Re: Rigetti Computing to go public

#34

Post by cblconfederate » Wed, Oct 06, 2021, 2:13 PM UTC

rubyfan wrote: post #14

mmmBacon wrote: post #7

Earlier quoted context omitted.

Hmmm isn’t that fraud? If not legal fraud it sounds ethically very dubious. Edit: I’m specifically referring to the GP comment and not the overall discussion.

100%. Why are we OK with smart people ripping anyone off? Just because investors have excess wealth it’s OK to steal from them?

without trying to be extra provocative, but we are A-OK with rich people ripping people off by exploiting their weaknesses, addictions or lack of oversight, so the reverse is not much different.

Capitalism has a place for borderline, gray, unethical-but-legal 'frauds'

Re: Rigetti Computing to go public

#35

Post by Frost1x » Wed, Oct 06, 2021, 2:19 PM UTC

rubyfan wrote: post #14

mmmBacon wrote: post #7

Earlier quoted context omitted.

Hmmm isn’t that fraud? If not legal fraud it sounds ethically very dubious. Edit: I’m specifically referring to the GP comment and not the overall discussion.

100%. Why are we OK with smart people ripping anyone off? Just because investors have excess wealth it’s OK to steal from them?

I think thee assumption is that the investors have likely stolen from people, through perfectly legal yet ethically dubious means many consider theft but isn't defined in law as theft (deceit, disproportionate reward of effort, etc.). Often the type of theft uses indirection or is difficult to quantify.

You tend not to get investment level rich/wealthy without playing in the ethical grey areas, skirting laws, and/or taking calculated risks of breaking laws to capture more than you actually directly produce.

Not always the case but it tends to be the case from many peoples' world views. As such, it's viewed more as a thief stealing from a thief, where most have little pitty for either thief.

Re: Rigetti Computing to go public

#36

Post by cblconfederate » Wed, Oct 06, 2021, 2:21 PM UTC

ricardobeat wrote: post #8

> full-stack quantum computing Anyone familiar with the term? Haven't heard it before. > leader in scalable quantum processor technology I thought quantum computing was still in the research phase? What's there to scale?

they are going with the flow. I bet QuantumOps generalists will be a thing too.

Re: Rigetti Computing to go public

#37

Post by thwoei2u4234 » Wed, Oct 06, 2021, 2:25 PM UTC

boringg wrote: post #27

Is quantum computing the new AI in terms of overhype and under deliver? Honestly curious, not trolling.

That's so passe.

QuantumAI on the other hand will revolutionize the world as we know it.

Re: Rigetti Computing to go public

#38

Post by WORMS_EAT_WORMS » Wed, Oct 06, 2021, 2:28 PM UTC

ThePhysicist wrote: post #6

Congrats to the team, well deserved! I met Chad once at a quantum computing conference in Zurich in 2011, when he was still working for IBM as a researcher. I myself finished my PhD in 2012, leaving academia to work in software. In 2013 I contacted Chad and we had a short Skype call where we talked about quantum computing, since we were both interested in doing something in the space. I don't remember why I didn't fo…

Great story. Thanks for sharing and love your positivity.

Re: Rigetti Computing to go public

#39

Post by boringg » Wed, Oct 06, 2021, 2:35 PM UTC

thwoei2u4234 wrote: post #37

boringg wrote: post #27

Is quantum computing the new AI in terms of overhype and under deliver? Honestly curious, not trolling.

That's so passe. QuantumAI on the other hand will revolutionize the world as we know it.

Glad we cleared that up!

Re: Rigetti Computing to go public

#40

Post by frakkingcylons » Wed, Oct 06, 2021, 2:36 PM UTC

Interesting random fact: The Uber whistleblower who wrote about the sexual harassment at the company is married to the CEO of Rigetti. Tech is a small world.