D Wave Quantum Stock Price, News & Analysis

D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, has appointed Sophie Ames as its new Chief Human Resources Officer. With over 25 years of HR experience, Ames will lead the company's global human capital innovation strategy to support D-Wave's next growth phase. She will focus on strengthening connections between performance, people, and processes across the entire employee lifecycle engagement.

CEO Dr. Alan Baratz expressed excitement about leveraging Ames' expertise to scale teams and capabilities worldwide. Ames, who has held leadership roles in various international technology and services companies, will play a important role in building and differentiating D-Wave's employee value proposition in a competitive labor market. Her appointment comes as D-Wave experiences growing momentum in the era of commercial quantum computing.

D-Wave Quantum Inc. (NYSE: QBTS) and Staque have announced a strategic partnership to accelerate the adoption of annealing quantum computing across the Middle East. The collaboration aims to help customers develop and deploy quantum and hybrid quantum applications for enterprise optimization and AI problems.

The partnership will utilize D-Wave's quantum computers and hybrid solvers, accessible through the Leap™ quantum cloud service, to explore applications addressing complex challenges such as supply chain management, utility grid optimization, portfolio optimization, and port optimization.

This initiative aligns with Middle Eastern countries' focus on economic diversification beyond oil production, expanding into areas like logistics, financial services, and advanced technology. The partnership was unveiled at Qubits UAE in Dubai, showcasing quantum-powered business optimization use cases and advancements in quantum-fueled AI technology.

D-Wave Quantum Inc. (NYSE: QBTS) has announced the first-ever Qubits UAE 2024 quantum computing event in Dubai, scheduled for September 20. Co-organized with Staque and supported by SquareOne, the event will showcase 'success powered by quantum today' through real-world optimization use cases and progress in quantum-fueled AI technology.

The event aims to demonstrate the transformative potential of annealing quantum computing for both commercial and research endeavors in the UAE. It will feature curated content from D-Wave's flagship Qubits user conference, highlighting the transition of annealing quantum technology from exploration to enterprise use, capable of driving measurable impact for customers.

D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing, announced its participation in Info-Tech LIVE on September 17, 2024, in Las Vegas. Alexander Condello, D-Wave's director of algorithms, tools, and performance, will deliver a keynote speech at 4:10 p.m. PST. The presentation will focus on real-world hybrid-quantum use cases and how D-Wave's customers are integrating quantum technology into existing infrastructures.

The conference aligns with the theme "Exponential IT in Motion," highlighting the impact of quantum-powered optimization on various business processes. These include supply-chain management, scheduling, inventory management, and logistics. D-Wave's Leap™ real-time quantum cloud service offers immediate access to quantum solutions, addressing computationally complex problems faced by modern organizations.

D-Wave Quantum Inc., a leading quantum computing provider, has joined the Chicago Quantum Exchange (CQE) as a corporate partner. The collaboration aims to advance quantum education, industry adoption, and research in materials science. D-Wave offers cloud access to its 5,000+-qubit annealing systems and is developing gate-based systems. The partnership aligns with CQE's mission to foster a Midwest-based quantum community and drive the quantum economy.

D-Wave's involvement extends to MxD, a Chicago-based digital manufacturing innovation center, where its technology can be applied to optimization problems in logistics, manufacturing, and supply chain management. This collaboration is part of a broader initiative, supported by Governor J.B. Pritzker, to boost quantum commercialization in the region.

D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing, announced its participation in the Quantum World Congress 2024, scheduled for Sept. 9-11 in Tysons, Virginia. The company will showcase its global leadership in quantum science and accelerating quantum computing adoption across sectors. Key highlights include:

1. Allison Schwartz's contribution to the 'Quantum & Sustainability' workshop on Sept. 9.
2. Dr. Andrew King's participation in panels on the Canadian quantum ecosystem and quantum advantage timeline on Sept. 10-11.
3. D-Wave's booth (#23) featuring demos and discussions on real-world problem-solving using quantum technology.

This participation comes amid growing interest in D-Wave's annealing quantum computing technology from various sectors, including a recent initiative with Davidson to bring a D-Wave Advantage™ system to Alabama.

NTT DOCOMO and D-Wave have successfully conducted a quantum optimization pilot that improved mobile network performance by 15%. Using D-Wave's annealing quantum computing solutions, DOCOMO reduced congestion at base stations by decreasing paging signals during peak calling times. The pilot demonstrated potential for increased efficiencies and lowered infrastructure costs.

Key highlights:

• D-Wave's hybrid solver completed the task in 40 seconds, compared to 27 hours for a general-purpose solver
• 15% reduction in paging signals allowed 1.2 times more terminals to be connected during high call volume periods
• DOCOMO plans to deploy the hybrid-quantum solution in production across its Japanese branch offices
• The company is exploring applications in finance, retail, traffic, logistics, and construction

D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing, has announced an extension of its product development roadmap with enhancements to its Leap™ quantum cloud service. The company aims to strengthen the connection between quantum optimization, artificial intelligence (AI), and machine learning (ML). The roadmap focuses on three key areas: quantum distributions for generative AI, Restricted Boltzmann Machine (RBM) Architectures, and GPU integration with D-Wave's Leap service.

CEO Dr. Alan Baratz highlighted early evidence suggesting annealing quantum computing could play a important role in improving AI/ML efficiency, including more efficient model training, reduced energy consumption, and faster time-to-solution. D-Wave believes its Quantum AI solutions could have a transformative impact, offering new computing tools for generative AI and integrated business optimization.

D-Wave Quantum (NYSE: QBTS) reported robust Q2 2024 financial results, showcasing significant growth. Revenue increased by 28% year-over-year to $2.2 million. Bookings grew by 6% to $2.7 million. GAAP gross profit surged 97% to $1.4 million, while non-GAAP gross profit rose 61% to $1.6 million. GAAP gross margin improved to 63.6%, up from 41.3%.

Net loss decreased to $17.8 million from $26.2 million in Q2 2023. Adjusted EBITDA loss was reduced by 7% to $13.9 million. The company ended the quarter with $40.9 million in cash, a 444% increase.

Key business developments include advancements in quantum AI, new product features, and expanded partnerships. D-Wave reiterated its fiscal 2024 guidance, expecting a reduction in adjusted EBITDA loss compared to 2023.