D-Wave Quantum Inc. (NYSE: QBTS) has just announced the general availability of its most advanced quantum computing system, the Advantage2. This sixth-generation quantum computer is a significant step forward in solving complex problems that are beyond the reach of classical computers. The system features a 4,400+ qubit annealing quantum computer that is ready for real-world use cases.
The Advantage2 system has shown significant improvements over its predecessor. It boasts a 40% increase in energy scale and a 75% reduction in noise, which contributes to higher-quality solutions for complex calculations. Additionally, it has a twofold increase in coherence, enabling faster time-to-solution. Remarkably, D-Wave's quantum computers, including the Advantage2 system, have maintained energy efficiency over six generations, consuming a mere 12.5 kilowatts of electricity.
The company's Leap real-time quantum cloud service, available in more than 40 countries, offers 99.9% availability and uptime, sub-second response times, and SOC 2 type 2 compliance to meet enterprise needs and security requirements. For organizations wanting to integrate quantum computing into their infrastructure, the Advantage2 system is available for on-premises ownership.
The press release also highlights the impressive increase in customer use cases, with more than 20.6 million customer problems run on the Advantage2 prototypes available in the Leap cloud service since June 2022. Customer use has increased by 134% in the last six months. Organizations in various sectors are benefiting from D-Wave's annealing quantum computing technology, using it for quantum optimization, quantum research, and quantum AI applications.
The company has received support from leading industry voices and Advantage2 prototype users, including senior scientists from Los Alamos National Laboratory and executives from Davidson Technologies and Japan Tobacco.
D-Wave continues to expand its fleet of annealing quantum computers hosted around the world. This expansion includes the deployment of an Advantage2 system at Davidson Technologies, intended to serve as a focal point for national security-focused quantum research.
Following these announcements, the company's shares moved 29.88%, and are now trading at a price of $17.0798. If you want to know more, read the company's complete 8-K report here.
