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Form 8-K · Current Report · Filed 2024-11-06

D-Wave Completes Calibration of 4,400+ Qubit Advantage2 Processor

On November 6, 2024, D-Wave Quantum Inc. announced that it has completed the calibration and benchmarking of a 4,400+ qubit Advantage2 processor. This processor delivers significant improvements over the current Advantage system, including doubled coherence time, a 40% increase in energy scale, and an increase in qubit connectivity from 15 to 20-way. The new processor is computationally more powerful, solving complex problems 25,000 times faster and delivering five times better solutions on precision problems. A copy of the press release is furnished as Exhibit 99.1.

Filer
D-Wave Quantum Inc. QBTS · NYSE
Filed
Accession
0001907982-24-000150
CIK
0001907982
Signal
Low impactTechnology

Items reported

Item 7.01

Regulation FD Disclosure

Regulation FD Disclosure Press Release Furnished
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$1.09

Next session

+33.9%

Since filing

+1558.7%

Latest close

$18.08

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from QBTS reporting the same item, with the next session's move:

Exhibits (1)

About D-Wave Quantum Inc.

D-Wave Quantum Inc. is a leading developer and provider of quantum computing systems, software, and services with a unique focus on addressing real-world complex computational challenges. As a pioneer in the commercial quantum computing space, the company is dedicated to advancing both hardware and software solutions to fuel new possibilities in data processing and optimization. D-Wave’s quantum systems are utilized across various industries, including manufacturing, logistics, pharmaceuticals, and financial services, fostering advancements in machine learning, modeling, and optimization problems. Notably, the company’s platform integrates with conventional computing systems, providing hybrid quantum solutions that enhance processing efficiency. D-Wave Quantum Inc.’s contributions are pivotal in steering the technological curve towards quantum advantage, allowing businesses and researchers to explore new horizons in computational capabilities. By offering quantum cloud services, the company lowers the barrier for organizations to access and benefit from cutting-edge quantum technology. Headquartered in Burnaby, Canada, D-Wave continues to be a significant player in the tech industry, aggressively pushing the boundaries of quantum computing and establishing itself as a key influencer in the evolution of computing paradigms.

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