Standard Chartered joins Rigetti’s £10mn UK consortium for commercial quantum

Rigetti UK announced it will lead a £10 million ($13.3mn) consortium to accelerate the commercialization of quantum computing in the UK. The three-year program will build and operate the first quantum computer in the UK, make it available to partners and customers over the cloud, and pursue practical applications in machine learning, materials simulation, and finance.

The University of Edinburgh will develop new ways of testing quantum hardware and verifying the performance of quantum programs, and will work with Standard Chartered Bank to advance quantum machine learning applications for finance.

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