D-Wave Quantum Inc. (NYSE: QBTS) has recently made significant strides in both its technical and commercial endeavors. In a recent interview on Fox Business' The Claman Countdown, CEO Dr. Alan Baratz highlighted the company's achievements, particularly the demonstration of their Advantage2 quantum computer's superiority over one of the world's most powerful supercomputers in a complex real-world materials simulation problem. This demonstration has garnered attention from the supercomputer community and national labs globally.
Moreover, Dr. Baratz emphasized the extended sales cycles for D-Wave's systems due to their substantial price range of $20-$40 million. He also expressed confidence in annealing quantum computing as a pivotal accelerator for the commercial adoption of quantum computing, particularly in addressing real-world optimization problems prevalent in modern enterprises.
D-Wave's technological prowess is evident in its 5,000+ qubit Advantage™ quantum computers, which are the world's largest and are accessible on-premises or via the cloud, boasting an impressive 99.9% availability and uptime. With over 200 million problems submitted to their Advantage systems and Advantage2 prototypes, the company has earned the trust of over 100 organizations in tackling diverse computational challenges across optimization, artificial intelligence, research, and more.
D-Wave's continuous innovation underscores its pivotal role in shaping the quantum-driven industrial and societal advancements of the future. Following these announcements, the company's shares moved 6.43%, and are now trading at a price of $11.09. For the full picture, make sure to review D-Wave Quantum's 8-K report.
