- D-Wave introduced algorithmic updates to its Constrained Quadratic Model (“CQM”) solver, delivering increased performance for existing binary problem classes, including offer allocation, portfolio optimization, and satisfiability
- D-Wave tested 2,045 binary quadratic problems, with the new CQM solver winning 80% of the problems against prior versions
- D-Wave’s hybrid solvers expand the size and complexity of potential problems customers can solve using classical and quantum computation to find better answers to complex business problems
D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers, recently announced an update to its Constrained Quadratic Model (“CQM”) hybrid solver in its Leap(TM) quantum cloud service. The company introduced algorithmic updates to its CQM solver, delivering increased performance for existing binary problem classes, including offer allocation, portfolio optimization, and satisfiability (https://ibn.fm/1AGIY).
D-Wave’s Advantage(TM) quantum computer is the first and only quantum computer designed for business applications. The platform features a processing architecture with over 5,000 qubits and 15-way connectivity. The Advantage system features 2.5x more connections and more than double the number of qubits than the company’s first-generation quantum computer model.
Optimization problems are everywhere in today’s enterprises, and the current quantum-hybrid technology available may help developers tackle quadratic problems to find better solutions. To provide a benchmark of the performance enhancements made to its updated hybrid solver, D-Wave tested 2,045 binary quadratic problems, with the new CQM solver winning 80% of the problems against prior versions. The full technical report can be found at https://ibn.fm/hzcCJ.
D-Wave offers several hybrid solvers, which combine the power of classical and quantum computation to solve customers’ complex business problems. D-Wave’s hybrid solvers are available in the Leap quantum cloud service. Some of these solvers make use of NVIDIA GPUs accessed through cloud infrastructure.
“Our mission at D-Wave is to unlock the power of practical quantum computing for our customers. These most recent updates to our CQM hybrid solver reflect our commitment to building solutions that bring real enterprise applicability and impact today,” said Trevor Lanting, vice president of software, algorithms, and cloud services for D-Wave. “We’re excited by the performance enhancements that we are seeing, and our rapid pace of innovation allows us to expand quantum-hybrid workflows to help solve increasingly complex problems.”
As the only quantum computing company capable of solving real-world business problems today, D-Wave has helped customers build hundreds of practical quantum applications spanning logistics, artificial intelligence, materials sciences, drug discovery, employee scheduling, national defense, and financial modeling (https://ibn.fm/UQ7Jl). Some of the customers that D-Wave works with include Forbes Global 2000 companies and blue-chip industry leaders like Volkswagen, Mastercard, Deloitte, ArcelorMittal, Siemens Healthineers, Unisys, Accenture, BBVA, NEC Corporation, Pattison Food Group Ltd., DENSO and Lockheed Martin.
D-Wave owns one of the industry’s largest quantum computer intellectual property portfolios, including more than 210 issued US patents, and has published more than 100 peer-reviewed papers in leading scientific journals.
For more information, visit the company’s website at www.DWaveQuantum.com.
NOTE TO INVESTORS: The latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS
Forward Looking Statements
Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. Forward-looking statements in this press release include, but are not limited to, statements regarding the potential of today’s quantum hybrid technologies to help developers tackle quadratic problems to find better solutions. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including general economic conditions and other risks; the company’s ability to expand its customer base and the customer adoption of the company’s solutions; risks within D-Wave’s industry, including anticipated trends, growth rates, and challenges for companies engaged in the business of quantum computing and the markets in which they operate; the outcome of any legal proceedings that may be instituted against the company; risks related to the performance of its business and the timing of expected business or financial milestones; unanticipated technological or project development challenges, including with respect to the cost and/or timing thereof; the performance of the company’s products; the effects of competition on its business; the risk that the company will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; the risk that the company may never achieve or sustain profitability; the risk that the company is unable to secure or protect its intellectual property; volatility in the price of the company’s securities; the risk that its securities will not maintain the listing on the NYSE; and the numerous other factors set forth in D-Wave’s Annual Report on Form 10-K for its fiscal year ended December 31, 2022, and other filings with the Securities and Exchange Commission. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to the company on the date hereof. D-Wave undertakes no duty to update this information unless required by law.
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