- Among the most notable technical achievements was the completion of the calibration of a 4,400 qubit Advantage2(TM) processor, capable of solving much larger and complex problems with faster time-to-solution than earlier generation processors.
- D-Wave earned “awardable” status on the U.S. Department of Defense’s Tradewinds buying platform, gaining increased visibility with U.S. government customers.
- New partnerships and collaborations include working with NTT DOCOMO, Japan Tobacco Inc., Staque and the Chicago Quantum Exchange.
D-Wave Quantum (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the first commercial provider of quantum computers, recently announced Q3 2024 business results, highlighting several key operational milestones and technological achievements, including new partnerships and developments in driving the adoption of quantum computing technology.
“Annealing quantum computing is continuing to drive the commercial adoption of quantum technology,” said Dr. Alan Baratz, CEO of D-Wave, in a company news release (https://nnw.fm/8LYOI). “Organizations around the world – from Vinci Energies in Europe to NTT DOCOMO in Japan – are recognizing the value our technology can bring right now in fueling new discoveries, facilitating operational excellence and driving measurable outcomes.”
One of the most notable achievements was the recently completed calibration of a 4,400 qubit Advantage2 processor, a significant technical development milestone. With nearly four times more qubits than the previous Advantage2 prototype, with 1,200 qubits, this new processor is capable of solving much larger and complex problems with faster time-to-solution, increased qubit connectivity and a 40% increase in energy scale when compared to the prior generation Advantage processor.
As part of its quantum AI product roadmap efforts, D-Wave continues to make progress on exploring generative AI architectures that directly use quantum processing unit (“QPU”) samples from quantum distributions, with the goal of supporting faster and more energy-efficient model training and inference.
D-Wave also continued implementing its go-to-market growth strategy, launching the quantum optimization market category with a collection of website content and assets that showcase key use cases such as workforce and production scheduling, vehicle routing, resource optimization, and cargo loading. To further help drive the company’s next phase of growth and the continued commercial adoption of quantum computing, D-Wave expanded its executive leadership with a new chief human resources officer, Sophie Ames, and three new board members, John DiLullo, Rohit Ghai and Sharon Holt.
Other notable business updates include:
- D-Wave earning “awardable” status on the U.S. Department of Defense’s Tradewinds buying platform, which is designed to accelerate the procurement and adoption of emerging technologies.
- D-Wave’s annealing quantum computing solutions being used by Japan’s largest mobile phone operator, NTT DOCOMO, in the production deployment of a hybrid-quantum application, for the optimization of mobile network performance.
- A new collaboration with Japan Tobacco Inc. to build a proof-of-concept that leverages quantum computing technology and AI in the drug discovery process.
- A strategic partnership with Staque, designed to accelerate the commercial adoption of annealing quantum computing in the Middle East. The partnership was announced at the first-ever Qubits UAE users’ event in Dubai, a tailored version of D-Wave’s annual Qubits user conference.
- Joining the Chicago Quantum Exchange (“CQE”) as a corporate partner, aiming to engage with the CQE community on materials science research, quantum education, and the development of practical optimization use cases.
For more information, visit the company’s website at www.dwavequantum.com.
NOTE TO INVESTORS: The latest news and updates relating to QBTS are available in the company’s newsroom at https://nnw.fm/QBTS
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