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Rigetti Computing (RGTI) has been thrown in the limelight after Nvidia (NVDA) CEO Jensen Huang speculated that quantum computing is decades away. Just days later, Nvidia announced their own inaugural Quantum Day, set to take place on March 20 during the GTC 2025 event.
Rigetti CEO Sudodh Kulkarni spoke with Yahoo Finance Executive Editor Brian Sozzi on Opening Bid about the company's outlook on the path to profitability. Kulkarni was more interested in hitting the cash flow break-even point, saying, "Assuming the timeline I described earlier holds, we certainly expect the company to start becoming cash flow break-even three to five years from now."
Despite describing sufficient cash reserves for the next few years, he was non-committal about raising capital through stock offerings, focusing on the company's existing government contracts for future growth.
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This post was written by Rachael Lewis-Krisky, producer for Opening Bid.