Today's News

Burnaby, BC, January 18, 2023--(T-Net)--D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, today announced new and renewed commercial customer engagements along with product updates for its annealing and gate model quantum computing solutions.

The updates were made at the company's annual global Qubits 2023 user conference.

Live from Miami and streaming virtually, Qubits 2023 is providing business and technology leaders, developers, and researchers the opportunity to hear directly from quantum practitioners about how they're using D-Wave technology to tackle complex business challenges.

Mastercard showed a live demo about formulating settlement as a transportation problem at QuBits

Quantum-hybrid applications on display at Qubits include solutions from: Mastercard (customer loyalty and rewards allocation), Davidson Technologies (missile defense optimization), Recruit Group (TV commercial allocation), Pattison Food Group (grocery operations optimization), SavantX (port operations optimization), and many more.

D-Wave today also announced that it has recently added a number of customers to its portfolio, representing a diverse set of potential use cases.

New and renewing commercial customers working with D-Wave on quantum-hybrid use cases include Siemens Healthineers, Unisys, and Davidson Technologies. The companies are exploring a variety of potential applications spanning medical imaging, military optimization, , and vehicle routing.

Alan Baratz, Chief Executive Officer, D-Wave Systems Inc.

"Practical quantum computing solutions are becoming essential to helping businesses compete, innovate, and grow," said Dr. Alan Baratz, CEO of D-Wave. "As we gather at our annual Qubits user conference in Miami this week, the commercialization of quantum is on full display. Currently, more than 60 companies are working with us on real-world quantum-hybrid applications that are unlocking business value, today. Unlike other modalities, annealing quantum computing is commercial-grade and enterprise-ready, and customers are realizing the benefits of this powerful technology now."

D-Wave also shared progress toward its next generation Advantage2 annealing quantum computing system, which is expected to feature 7000+ qubits and 20-way connectivity, and will be implemented in a new lower-noise fabrication stack, all to enable customers to solve more complex problems with greater precision, including:

• Improvements in qubit coherence: A significant 4x reduction in noise was demonstrated for qubits within prototype processors fabricated from a newly developed lower noise fabrication process. This means higher coherence qubits and is expected to lead to additional performance gains for the Advantage2 quantum system, beyond those already achieved and released in the Advantage2 experimental prototype that was made available in the Leap TM quantum cloud service in June 2022
  
  
• Launch of new problem visualizer: The OceanTM SDK and problem visualizer are now updated to reflect the higher Advantage2 connectivity (20-way), highlighting more compact embedding that enables larger, more complex problems and better solutions

D-Wave also showcased several recent enhancements to its constrained quadratic model (CQM) hybrid solver in Leap, including:

• Continuous variables: enabling better representation of constrained problems - such as production capacity, available funds, and asset tracking - by using continuous variables and thus expanding the scope of quantum solutions into the Mixed Integer Programming (MIP) space
  
  
• Weighted constraints: allowing quantum developers to more easily and accurately model problems where it is not possible to satisfy all constraints through classical computing logic
  
  
• Pre-solve techniques: reducing the size of problems and allowing for larger models to be submitted to the hybrid solver by removing unnecessary variables and constraints to achieve a cleaner data set

D-Wave also shared continued progress in the development of its gate model computing system, revealing several milestones, including:

• Scalable qubit designed and readout method validated: D-Wave is currently benchmarking 1- and 2-qubit fluxonium qubit circuits manufactured in our fabrication process and has validated a new scalable readout method for gate model architecture. In addition, D-Wave has completed a first iteration of a logical qubit design, which leverages new scalable control and readout technologies
  
  
• Gate model simulator launched in Ocean: D-Wave has introduced a new gate model simulator in the Ocean suite of open-source tools, enabling developers to construct quantum circuits, create and add quantum gates to any circuit, and simulate circuits on our performant state-vector simulator

"Our relentless and on-time product delivery reflects a deep commitment to ongoing innovation that accelerates quantum computing adoption, usage and customer value," Dr. Baratz said. "Through the continued development of our quantum annealing and gate model quantum solutions, we're focused on building and delivering the full breadth of quantum solutions to our customers, both today and into the future, bringing our unique cross-platform vision to life."

Qubits runs January 17-19, 2023. If you're interested in viewing the event, please register and tune in here. A recording of the conference will be available for replay after the event concludes.

About D-Wave Quantum Inc.

D-Wave (NYSE: QBTS) is a leader in the development and delivery of quantum computing systems, software, and services, and is the world's first commercial supplier of quantum computers—and the only company building both annealing quantum computers and gate-model quantum computers.

Our mission is to unlock the power of quantum computing today to benefit business and society. We do this by delivering customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling.

D-Wave's technology is being used by some of the world's most advanced organizations, including NEC Corporation, Volkswagen, DENSO, Lockheed Martin, Forschungszentrum Jülich, University of Southern California, and Los Alamos National Laboratory.