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D-Wave Quantum Inc. (QBTS) drives innovation in quantum computing through practical system development and industry-specific solutions. This news hub provides investors and technology professionals with essential updates on the company's advancements in quantum annealing and gate-model technologies.
Access authoritative reporting on QBTS's financial performance, strategic partnerships, and technological milestones. Our curated collection features press releases covering product launches, research breakthroughs, and enterprise applications across logistics, artificial intelligence, and cybersecurity sectors.
Discover updates on quantum cloud services, patent developments, and collaborative projects with academic institutions. The repository maintains neutral, factual reporting on operational achievements while excluding speculative market analysis.
Bookmark this page for streamlined access to QBTS's evolving position in quantum computing. Check regularly for verified updates that matter to stakeholders in advanced computing technologies and commercial quantum applications.
D-Wave Quantum (NYSE: QBTS) will join the Russell 3000 Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective July 1, 2024. This inclusion captures the 4000 largest US stocks by market capitalization as of April 30, 2024. Membership means automatic inclusion in either the large-cap Russell 1000 Index or small-cap Russell 2000 Index, and appropriate growth and value style indexes. CEO Dr. Alan Baratz noted this as a recognition of D-Wave's leadership in commercial quantum computing. Russell indexes, used widely by investment managers, benchmark $10.5 trillion in assets.
D-Wave Quantum, a leader in quantum computing, emphasized the necessity for business leaders to prioritize quantum computing to support AI adoption. Dr. Alan Baratz, CEO of D-Wave, highlighted in a Forbes Technology Council column that AI's rapid advancement consumes significant energy. Quantum computing can provide more scalable, energy-efficient AI models. Dr. Baratz suggests steps for integrating quantum AI, including identifying strategic areas for immediate impact, such as precise supply and demand predictions. This combination could enhance sustainability by reducing waste, optimizing routing, and minimizing costs and carbon emissions.
D-Wave Quantum (NYSE: QBTS) announced its participation in the upcoming Reuters Supply Chain USA 2024 conference in Atlanta, GA, on May 22-23, 2024.
As a leader in quantum computing systems, D-Wave aims to address supply chain optimization challenges using quantum and hybrid-quantum solutions. The conference will gather over 700 senior supply chain professionals to explore innovative strategies for supply chain resilience and risk mitigation.
Murray Thom, VP of quantum technology evangelism at D-Wave, will discuss how quantum computing can solve complex supply chain issues, enhance adaptability, and drive sustainability.
This participation aligns with D-Wave’s growth strategy to promote quantum computing adoption in key sectors like logistics and manufacturing.
D-Wave and the University of Southern California have renewed their multiyear partnership, with USC continuing to host D-Wave's Advantage quantum system. This collaboration supports USC's quantum research and education efforts, providing real-time access to D-Wave's quantum cloud service. The partnership aims to tackle optimization challenges across various industries, showcasing the power of annealing quantum computing. The agreement also aligns with USC's Frontiers of Computing initiative, emphasizing advancements in AI, robotics, and quantum computing.
D-Wave Quantum Inc. (QBTS) reported strong first quarter 2024 results with revenue up 56% year over year, bookings up 54%, and gross profit up 294%. The company highlighted technical milestones achieved with the Advantage2TM prototype and fast-anneal feature. D-Wave renewed a partnership with USC, worked on quantum-powered optimization applications, and announced its tenth Qubits quantum computing conference. Financially, revenue reached $2.5 million, bookings totaled $4.5 million, and GAAP gross profit was $1.7 million. The company saw growth in commercial traction, with an increase in customers and revenue from commercial and Forbes Global 2000 customers. D-Wave's GAAP gross margin was 67.3%, with net loss decreasing to $17.3 million. The company reported positive balance sheet and liquidity metrics with a consolidated cash balance of $27.3 million and reiterating full year 2024 financial guidance.
D-Wave Quantum Inc. (NYSE: QBTS) will be showcasing its quantum computing advancements at the 19th Annual Needham Technology, Media and Consumer Conference. CEO Dr. Alan Baratz will lead a fireside chat on May 16, 2024, discussing the company's latest developments and strategic direction.
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