D-Wave CEO Discusses Quantum Supremacy and Commercial Achievements on Fox Business

Details

Alan Baratz was interviewed on Fox Business' The Claman Countdown, where he discussed the company's recent quantum supremacy demonstration and commercial achievements. During the interview, Dr. Baratz highlighted that D-Wave's Advantage2 quantum computer outperformed a powerful supercomputer in a complex materials simulation problem. He also noted that system sales have long lead times due to their high cost, ranging from $20-$40 million per system. A press release with additional details is attached as Exhibit 99.1.

Items reported

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.