• The collaboration aims to enhance the development and deployment of integrated quantum and generative AI solutions within D-Wave’s Leap™ quantum cloud platform
• The partnership’s development efforts will target more efficient and energy-saving model training, higher-performing models, and the combined application of Generative AI and quantum optimization
• The commercial expansion includes a one-year enterprise subscription to Orquestra®, Zapata AI’s powerful software development and collaboration platform designed for creating and deploying Universal Generative AI applications at scale
• D-Wave recently hosted British Columbia (B.C.) Minister of State for Trade, Jagrup Brar, and B.C. Parliamentary Secretary for Labour, Janet Routledge, at its Burnaby-based Quantum Engineering Center of Excellence

D-Wave Quantum (NYSE: QBTS), a pioneer in quantum computing systems, software, and services, and Zapata Computing Holdings (NASDAQ: ZPTA), known for its expertise in industrial generative AI software solutions, have announced a notable expansion of their commercial partnership. The collaboration aims to accelerate the development and deployment of integrated quantum and generative AI solutions in D-Wave’s Leap quantum cloud platform (https://ibn.fm/jcUJp).

The expanded agreement will utilize Zapata’s proprietary universal generative AI software for rapid development and build on D-Wave’s Leap real-time quantum cloud service to support quantum, hybrid quantum, and classical AI solutions. The partnership’s development efforts will target more efficient and energy-saving model training, higher-performing models, and the combined use of generative AI and quantum optimization.

The broadened collaboration is taking place at a time when quantum computing is showing its potential to enhance the accuracy and efficiency of AI model training. By utilizing AI’s predictive capabilities, quantum computing can optimize business processes more effectively. This technology has the potential to enhance AI for specific enterprise applications, promoting sustainability, reducing costs, and improving operational efficiency. Quantum computing could advance AI development for complex, large-scale computational models, deep learning, natural language processing, and computer vision, all while minimizing energy consumption.

Dr. Alan Baratz, CEO of D-Wave, said the strategic relationship with Zapata AI brings the company a step closer to delivering the transformative combined power of universal generative AI and quantum computing in a single cloud platform. “Zapata AI has been pioneering quantum-based generative modeling for over five years, well before generative AI stole headlines and became a mainstream enterprise priority,” Baratz said. “We are excited to deepen our partnership with Zapata and leverage their industry-leading algorithmic capabilities and scientific expertise to bring a quantum-enabled generative AI platform to market.”

D-Wave also recently hosted B.C. Minister of State for Trade, Jagrup Brar, and B.C. Parliamentary Secretary for Labour, Janet Routledge, at its Burnaby-based Quantum Engineering Center of Excellence. The officials toured the facility to gain insights into D-Wave’s advancements in quantum computing and its global efforts to promote quantum adoption (https://ibn.fm/DRo9N).

During the visit, D-Wave and the Quantum Algorithm Institute (“QAI”) announced an expanded training program to provide Canadian students and researchers with access to the Leap quantum cloud service in an effort to develop a quantum-ready workforce. This program has seen solid traction, with nearly 5000 problems submitted by students so far.

D-Wave shared key company advancements with the government officials, including its new hybrid quantum solver, enhanced qubit architecture, and real-world applications that address e-commerce, sustainability, and public sector challenges. The officials acknowledged D-Wave’s role in driving innovation, creating jobs, and its commitment to workforce development through its partnership with QAI.

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. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including the risks set forth under the heading “Risk Factors” discussed under the caption “Item 1A. Risk Factors” in Part I of the company’s most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of the company’s Quarterly Reports on Form 10-Q and in the company’s other filings with the SEC. 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. The company undertakes no duty to update this information unless required by law.

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