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Rigetti Computing to go public

rigetti.com

41–50 of 83 posts

Re: Rigetti Computing to go public

#41
post #27

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

What technology isn't overhyped and under delivered? It's pretty difficult to get anyone remotely interested in technology unless they think it's going to be revolutionary and/or make them rich.

I used to push back against the ridiculous overselling but I instead decided to join the club. If you tackle impossible problems and fail, people understand unlike when you tackle incredibly difficult problems people think are simple and you fail. In addition, you sound like a visionary and have a great story: people eat this up. Rarely ever is anyone concerned with practicality until it comes to actually paying for vision. Suddenly when people start paying for the vision, they find themselves wondering why they didn't ask all the practicality questions. You handwave the infeasibility away as pioneering discovery, then rinse and repeat until someone becomes grounded in the reality of what's possible with technology.

After that you move on to the next person with visions of granduer. Either the pool of naive clients will eventually grow intelligent of the charade in the tech industry and suddenly become interested in pursuing difficult yet realistic goals or wel'll just continue this dance where the investors and clients shared memory never reaches this stage and continue to pedal over-fanciful promises.

People don't like to hear about the problems of reality, they only want to hear about the potential promise of technology and/or how rich it might make them. Quantum computing is an interesting field and by no means am I saying it isn't a worthwhile grounded pursuit, I'm merely stating that the ridiculous oversell is the norm in all tech and yes, quantum computing is running neck and neck in the hype cycle with AI. Don't fight the hype cycles, identify and ride them otherwise you might drown from the wave of industry momentum.

Re: Rigetti Computing to go public

#43
post #16

I'll pass on it, I know several researchers that work there, they are all privately convinced nothing meaningful will happen for 10+years.

That sounds reasonable. On the other hand, if a quantum computer dropped out of the sky tomorrow, virtually no one would know what to do with it. So there is plenty of infrastructure, tooling and know-how that needs to be produced in that 10+ year timeframe. And there will likely be huge demand for all of these things as big co's scramble to get on the bandwagon.

Re: Rigetti Computing to go public

#45
post #25

Earlier quoted context omitted.

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.

Unfortunately i don't think you understand how a SPAC works. Retail gets burned, original investors make money through liquidity and so do the executives and whoever brought the SPAC to the market as long as the company doesn't crash and burn before 6 month lock-up. What you are unintentionally saying is that you don't care if a bunch of smart people just made money off mom and pop (retail) investors if it turns out…

For those interested, longform article about SPACs: https://www.newyorker.com/magazine/2021/06/07/the-pied-piper...

Re: Rigetti Computing to go public

#47

> 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?

"Full-stack" is not an official term, but it is a reasonable way to refer to "working on both creating the low level hardware (e.g. transmons), the intermediate layer (error correction that makes the many physical qubits into a few reliable logical qubits), and the higher levels of algorithms for useful applications". There is no "scalable" quantum computer in existence yet. If we can make a million qubits of quality…

I would imagine Shor's algorithm adds some friction to scaling, and who can be permitted to use scaled systems in the near term.

Re: Rigetti Computing to go public

#49
post #32

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.

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