D-Wave Quantum Inc. (NYSE: QBTS) recently made waves with its quantum computing systems, as CEO Dr. Alan Baratz discussed the company's technical and commercial achievements on Fox Business’ The Claman Countdown. During the interview, Dr. Baratz highlighted the company's recent quantum supremacy demonstration, where the Advantage2 quantum computer outperformed one of the world’s most powerful supercomputers on a complex real-world materials simulation problem.
The company believes that annealing quantum computing is emerging as the critical accelerant to commercial adoption of quantum computing, uniquely suited for real-world optimization problems. Dr. Baratz mentioned that these systems are catching the attention of the supercomputer community and national labs worldwide, with potential for deep research in new areas.
D-Wave's quantum computers, priced between $20-$40 million, are seen as long lead time sales cycles due to their high cost. The company's 5,000+ qubit Advantage™ quantum computers, available on-premises or via the cloud, have seen over 200 million problems submitted to date, addressing use cases spanning optimization, artificial intelligence, research, and more.
While specifics on the financials were not provided in the press release, it's clear that D-Wave has made significant strides in its technical capabilities and commercial potential, with its quantum computers showing promising performance in real-world applications. The market has reacted to these announcements by moving the company's shares 6.43% to a price of $11.09. Check out the company's full 8-K submission here.
