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Rigetti Computing to go public

rigetti.com

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Re: Rigetti Computing to go public

#3
I wonder how this squares up with https://www.linkedin.com/pulse/quantum-computing-hype-bad-sc... :

> Crazy headlines abound: "quantum computing will change life as we know it," "quantum computing will solve global warming," "Quantum computing will revolutionize science and industry," etc etc. These statements are not based on any research or reality at all, they are not even wishful thinking. The number of known quantum algorithms, which promise advantage over classical computation, is just a few (and none of them will "solve global warming" for sure). More importantly, exactly zero such algorithms have been demonstrated in practice so far and the gap between what’s needed to realize them and the currently available hardware is huge, and it's not just a question of numbers. There are qualitative challenges with scaling up, which will likely take decades to resolve (if ever).

Re: Rigetti Computing to go public

#4
post #3

I wonder how this squares up with https://www.linkedin.com/pulse/quantum-computing-hype-bad-sc... : > Crazy headlines abound: "quantum computing will change life as we know it," "quantum computing will solve global warming," "Quantum computing will revolutionize science and industry," etc etc. These statements are not based on any research or reality at all, they are not even wishful thinking. The number of known qua…

Quantum computing may not be all it's cracked up to be , but i 'm ok with some smart people becoming newly minted millionaires by investors with excess wealth.

Re: Rigetti Computing to go public

#5
post #3

I wonder how this squares up with https://www.linkedin.com/pulse/quantum-computing-hype-bad-sc... : > Crazy headlines abound: "quantum computing will change life as we know it," "quantum computing will solve global warming," "Quantum computing will revolutionize science and industry," etc etc. These statements are not based on any research or reality at all, they are not even wishful thinking. The number of known qua…

investing in bleeding edge companies will always be risky. Why not let investors take the risk, and may be these engineering challenges will get solved due to monetary motivations!

Re: Rigetti Computing to go public

#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 follow up on the call, I guess I was busy working on my own ideas and forgot about it. In 2014 I then had the chance to join John Martinis' quantum computing team (which was later acquired by Google), which I declined because I had just won a small grant for starting a startup and wanted to pursue that. After that didn't take off I interviewed again with Rigetti in 2017, but ultimately turned down an offer to join because I still wanted to start something of my own (also their offer didn't seem very attractive to me at the time). So I guess in hindsight those were pretty bad decisions. That said I really cheer for the team, they have built an amazing company and achieved things I wouldn't have thought possible, so I really hope they continue on their path to even bigger success. And for me I hope I'll make better decisions in the future.

Re: Rigetti Computing to go public

#7
post #3

I wonder how this squares up with https://www.linkedin.com/pulse/quantum-computing-hype-bad-sc... : > Crazy headlines abound: "quantum computing will change life as we know it," "quantum computing will solve global warming," "Quantum computing will revolutionize science and industry," etc etc. These statements are not based on any research or reality at all, they are not even wishful thinking. The number of known qua…

Quantum computing may not be all it's cracked up to be , but i 'm ok with some smart people becoming newly minted millionaires by investors with excess wealth.

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.

Re: Rigetti Computing to go public

#9
Congratulations to the team. Sort of a win for quantum computing but where are the revenues and the numbers that justifies this valuation?

A very risky investment into the unknown without knowing this.

Re: Rigetti Computing to go public

#10
post #5
post #3

I wonder how this squares up with https://www.linkedin.com/pulse/quantum-computing-hype-bad-sc... : > Crazy headlines abound: "quantum computing will change life as we know it," "quantum computing will solve global warming," "Quantum computing will revolutionize science and industry," etc etc. These statements are not based on any research or reality at all, they are not even wishful thinking. The number of known qua…

investing in bleeding edge companies will always be risky. Why not let investors take the risk, and may be these engineering challenges will get solved due to monetary motivations!

Because the problem is not the money. Although I think that SPAC represent some sort of arbitrage (otherwise there were not so much of them in the last year). I.e. it does not really matter what the SPAC invest in, as long as it is a good story.
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