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D-Wave and Zapata AI Announce Strategic Technical and Commercial Collaboration to Advance Quantum-Enabled Machine Learning

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D-Wave Quantum Inc. (QBTS) and Zapata Computing, Inc. (Zapata AI) have announced a strategic partnership to develop commercial applications combining generative AI and quantum computing technologies. The collaboration aims to build quantum generative AI models that accelerate the discovery of new molecules using D-Wave's powerful quantum technologies. This multi-year partnership will provide Zapata AI access to D-Wave's Advantage™ annealing quantum computing systems, quantum-hybrid solvers, and development resources, with the goal of accelerating commercial application development and providing production access and resources to take these applications to Zapata's customers. The companies also plan to support joint go-to-market efforts and make the commercial applications available via a solver hosted in D-Wave's Leap™ real-time quantum cloud service.
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The strategic partnership between D-Wave Quantum Inc. and Zapata Computing, Inc. represents a significant collaboration in the technology sector, potentially impacting various industries reliant on computational power. The integration of generative AI with quantum computing could lead to substantial improvements in the speed and efficiency of solving complex optimization problems, which is a critical aspect for sectors like pharmaceuticals, finance and logistics.

From a market perspective, the demand for advanced computing solutions is on the rise. As businesses across the globe are inundated with data, the ability to process this data quickly and effectively becomes a competitive advantage. The partnership's focus on developing quantum generative AI models to accelerate molecule discovery could be particularly transformative for the pharmaceutical industry, potentially reducing the time and cost associated with drug development.

For investors, the long-term implications of such a partnership could include a shift in market dynamics where companies that leverage quantum AI technologies may gain a significant edge. However, the actual impact on D-Wave's financial performance will depend on the successful development and commercialization of the applications, as well as market adoption rates.

Investors should note that D-Wave's collaboration with Zapata AI aligns with the growing trend of leveraging emerging technologies to drive innovation. The partnership aims to develop commercial applications that could address a range of computationally complex problems, which may lead to new revenue streams for both companies.

However, it's essential to consider the R&D costs and the time frame for development and deployment of these applications. While the potential for high returns exists, the quantum computing market is still in its nascent stages and there are significant risks associated with the commercial viability and scalability of quantum computing solutions.

Moreover, the exclusivity of commercial applications via D-Wave's Leap cloud service could be a double-edged sword. While it ensures a unique selling proposition, it also places a heavy reliance on D-Wave's infrastructure and its ability to maintain service quality and uptime. Any disruptions could have a direct impact on customer satisfaction and, consequently, on the financial performance of both D-Wave and Zapata AI.

The technical aspects of this partnership are groundbreaking, as it involves the use of quantum-enabled machine learning algorithms and D-Wave's Advantage annealing quantum computing systems. Annealing quantum computing is a specific approach used to solve optimization problems, which has been shown to have advantages over classical computing methods in certain scenarios.

Quantum annealing with 5,000+ qubits represents a significant leap in quantum computing capabilities. For context, qubits are the quantum equivalent of bits in classical computing and having more qubits generally means a quantum computer can handle more complex calculations. However, the technology is still largely experimental and practical applications are just beginning to emerge.

The success of this partnership will largely depend on the ability to develop stable, reliable quantum algorithms that can be integrated with generative AI to solve real-world problems. If successful, this could mark a substantial advancement in the field of quantum computing and AI, potentially leading to a new class of applications that can outperform current technology solutions.

Partnership brings together powerful generative AI and quantum computing technologies focused on building applications for accelerating new discoveries and solving complex optimization problems

PALO ALTO, Calif. & BURNABY, British Columbia & BOSTON--(BUSINESS WIRE)-- D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers, and Zapata Computing, Inc. (operating as Zapata AI), the Industrial Generative AI software company that develops solutions and applications to solve enterprises’ difficult, industrial-scale problems, have announced a multi-year strategic partnership to develop and bring to market commercial applications that combine the power of generative AI and quantum computing technologies.

The partnership centers on joint technical development and commercial deployment of applications for customers faced with computationally complex problems. Using quantum-enabled machine learning algorithms, these applications will leverage the power of D-Wave’s quantum technologies, which have been proven to perform coherent quantum annealing with 5,000+ qubits, pushing beyond the boundaries of what is possible with today’s classical computers. The results of this collaboration will initially focus on building quantum generative AI models that accelerate the discovery of new molecules.

Bringing together the deep technical expertise of two industry leaders in quantum computing and generative AI, this collaboration gives Zapata AI access to D-Wave’s powerful Advantage™ annealing quantum computing systems, quantum-hybrid solvers, and development resources. The companies anticipate this joint effort will accelerate commercial application development as well as provide the production access and resources to take these applications to Zapata’s customers. The collaboration also supports joint go-to-market efforts that will include the exclusive availability of the commercial applications via a solver hosted in D-Wave’s Leap™ real-time quantum cloud service.

“We’re thrilled to work with our long-time partner D-Wave to bring together the power of our generative AI software with D-Wave’s annealing quantum computing technologies to develop industrial grade machine learning applications,” said Dr. Christopher Savoie, CEO and co-founder of Zapata AI. “By combining forces, we are accelerating quantum plus AI development that we believe will unlock previously unattainable value for customers.”

“Our agreement with Zapata AI marks a significant step toward realizing the potential of combining two of today’s most transformative technologies — generative AI and quantum computing — to help tackle our society’s most computationally complex problems,” said Dr. Alan Baratz, CEO of D-Wave. “Our companies share a common vision — to accelerate exploration, adoption, and commercial use of emerging technologies to fuel innovation and transformation. Together, we believe D-Wave and Zapata AI will usher in the commercial era of quantum machine learning.”

About Zapata AI

Zapata AI is an Industrial Generative AI company, revolutionizing how enterprises solve complex problems with its powerful suite of Generative AI software. By combining numerical and text-based solutions, Zapata AI empowers industrial-scale commercial, government and military/defense enterprises to leverage large language models and numerical generative models better, faster, and more efficiently delivering solutions to drive growth, savings and unprecedented insight. With proprietary science and engineering techniques and the Orquestra® platform, Zapata AI is accelerating Generative AI’s impact in Industry. The Company was founded in 2017 and is headquartered in Boston, Massachusetts. On September 6, 2023, Zapata AI entered into a definitive business combination agreement with Andretti Acquisition Corp. (NYSE: WNNR).

About D-Wave Quantum Inc.

D-Wave is a leader in the development and delivery of quantum computing systems, software, and services, and is the world’s first commercial supplier of quantum computers—and the only company building both annealing quantum computers and gate-model quantum computers. Our mission is to unlock the power of quantum computing today to benefit business and society. We do this by delivering customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modelling. D-Wave’s technology has been used by some of the world’s most advanced organizations including Mastercard, Deloitte, Davidson Technologies, ArcelorMittal, Siemens Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd., DENSO, Lockheed Martin, Forschungszentrum Jülich, University of Southern California, and Los Alamos National Laboratory.

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 goals and potential results of the collaboration between D-Wave and Zapata AI; the joint go-to-market efforts of the parties; the availability of a potential commercial application; and the potential value attributable to quantum+AI development. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including unexpected challenges related to collaboration and/or the commercial application; the risk that the value attributable to quantum+AI development is not what management anticipates; general economic conditions and other risks; D-Wave's ability to expand its customer base and the customer adoption of its 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 D-Wave or Zapata AI; risks related to the performance of the companies’ respective 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 companies’ products; the effects of competition on the companies’ businesses; the risk that either company, or both, 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 neither company may ever achieve or sustain profitability; the risk that the companies are unable to secure or protect their respective intellectual property; volatility in the price of D-Wave’s securities; the risk that D-Wave’s securities will not maintain the listing on the NYSE; the risk that D-Wave’s restatement of certain previously issued audited and unaudited financial statements or material weaknesses in internal controls could negatively affect investor confidence and raise reputational issues; with respect to D-Wave, 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, and with respect to Zapata AI, those factors discussed in Andretti Acquisition Corp.’s Form 10-K for the year ended December 31, 2022, under Risk Factors in Part I, Item 1A, Registration Statement on Form S-4, as amended, first filed with the SEC on October 27, 2023, and other documents of Andretti Acquisition Corp. filed, or to be filed, 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 companies on the date hereof. Neither D-Wave nor Zapata AI undertakes any duty to update this information unless required by law.

Investor:

Zapata AI

investors@zapata.ai

D-Wave

Kevin Hunt

ir@dwavesys.com

Media:

Zapata AI

press@zapata.ai

D-Wave

Alex Daigle

media@dwavesys.com

Source: Zapata Computing, Inc.

The strategic partnership aims to develop commercial applications that combine generative AI and quantum computing technologies, with a focus on building quantum generative AI models to accelerate the discovery of new molecules.

The partnership provides Zapata AI access to D-Wave's Advantage™ annealing quantum computing systems, quantum-hybrid solvers, and development resources.

The collaboration aims to accelerate commercial application development and provide production access and resources to take these applications to Zapata's customers.

The commercial applications will be available via a solver hosted in D-Wave's Leap™ real-time quantum cloud service.
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