D-Wave Makes European Push

Bloomberg

15 hours ago

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00:00What does it mean to be deploying this right here, right now?

00:03So we are going to be deploying an advantage to quantum computer here in the region,

00:09and it will be available to researchers, scientists, businesses in Italy to basically

00:18explore how to make the best use of quantum computers. This is a part of the Q&Q Alliance,

00:26which was announced yesterday. D-Wave is a founding member of the Q Alliance,

00:31and that's all about bringing quantum to Italy in support of their digital transformation initiative.

00:36Let's talk about the 4,400 plus qubit advantage to system. What can it do that is more sophisticated

00:44than classical computers today, Alan? So our 4,400 qubit advantage to quantum computer is arguably

00:54the largest and most powerful quantum computer in the world. At over 4,000 qubits, we have

01:00almost 10 times more qubits than anybody else. And with respect to the power of the processor,

01:07we recently published in Science a paper showing that we are able to compute properties of materials

01:15on our quantum computer in minutes that it would take nearly a million years to compute on the fastest

01:23supercomputers in the world. So this is literally computing properties that can't be computed

01:31classically. This is what everybody in the quantum industry has aspired to, namely the ability to do

01:38something important and useful on a quantum computer that can't be done classically. And this advantage

01:43to quantum computer has achieved that goal. I believe you solved a physics problem on the

01:47behavior of magnetism, particularly in certain solids. What's interesting is the turn of phrase

01:52arguably, Alan. Why is it only arguably the most powerful at the moment? How is your technology

01:57differing or still trying to measure itself out versus others out there? Yeah. So when it comes to

02:05the ability to perform a computation on a useful problem that can't be solved classically,

02:12we have the only quantum computer in the world that is capable of doing that today.

02:19I use the word arguably in the context of largest when I talked about 4,400 cubits. And the reason why

02:27I did that is because D-Wave quantum computers today are what's called annealing quantum computers.

02:35Everybody else in the industry is pursuing a different approach called gate model quantum computers.

02:40And while they have many fewer cubits, the nature of the cubits is a little different between

02:46annealing and gate model. So we believe that at 4,400 annealing cubits, we are significantly larger

02:55than anybody else because all these other gate model systems have tens to a few hundred cubits.

03:00But there is an academic debate around the difference between the cubits.

03:06What's interesting is you are making and generating real revenue. It's small, but it's there. But the

03:12market capitalization of yours and many other quantum computing companies has just gone so far up and to

03:18the right, Alan. Is the promise and the hope being shown up in reality from orders? Because this is

03:24Europe taking a 10 million euro step forward. What about other deals?

03:29Yeah. So we announced at the end of last year that we had sold a quantum computer to the ULIC

03:36supercomputing center in Germany. They purchased that system to connect it to their Jupiter exascale

03:44supercomputer to explore new AI workflows. And then earlier this year, we announced that we had signed a memorandum of

03:54understanding with Yonsei University and Incheon City in South Korea for the acquisition of a quantum

04:01computer there. And we have, frankly, a number of other countries and research centers that are interested in

04:12acquiring our quantum computers as well. And that's just with respect to purchasing of the quantum computers. Our quantum

04:18computers today are also used commercially in support of a broad array of business applications. For

04:26example, North Wales Police is using us to compute the best way to forward place police vehicles to be able to

04:36arrive at incidents in a timely fashion. These customers use us over the cloud. So we have both a cloud-based

04:44business and an on-premise business.

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