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InvestorNewsBreaks — D-Wave Quantum Inc. (NYSE: QBTS) Unveils Fast-Anneal Feature — ‘Significant Step’ in Mission to Help Customers Achieve Extraordinary Results
April 19, 2024

InvestorNewsBreaks — D-Wave Quantum Inc. (NYSE: QBTS) Unveils Fast-Anneal Feature — ‘Significant Step’ in Mission to Help Customers Achieve Extraordinary Results

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, has launched the fast-anneal feature, which is available on all of D-Wave’s quantum processing units in the LeapTM real-time quantum cloud service.

According to the announcement, fast-anneal can impact a range of quantum-computing applications, including advancing scientific research in quantum simulation and artificial intelligence (“AI”). D-Wave has been researching the new feature for some time, with published papers demonstrating the advantages of annealing quantum computing over classical algorithms for solving complex optimization problems. The new feature enables users to perform quantum computations at unprecedented speed and paves the way for customers to reproduce and build on D-Wave’s landmark optimization results.

The company expects the new feature to draw attention from commercial and academic researchers working to build world-class applications, expand benchmarking studies and connect increased coherence to better performance. D-Wave customers have noted a variety of ways in which the fast-anneal feature will be beneficial, including allowing them to directly interact with the company’s Advantage2TM prototype and produce coherent distributions that have the potential to allow more efficient encoding of complex data patterns in a way that is classically impractical. The feature also opens new horizons for research on quantum computing and AI and assists researchers in observing the distinctive physical processes inherent in the quantum world.

“Providing direct access to fast anneal, which has been at the heart of D-Wave’s recent advancements, represents a significant step forward in our mission to provide customers with the resources they need to drive innovation and achieve extraordinary results,” said D-Wave CEO Dr. Alan Baratz in the press release. “We believe it will further empower them to build industry-shaping applications with the most powerful quantum computing environment available today.”

To view the full press release, visit https://ibn.fm/lPMYd

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. The company’s mission is to unlock the power of quantum computing today to benefit business and society. D-Wave does this by delivering customer value with practical quantum applications for problems as diverse as logistics, AI, materials sciences, drug discovery, scheduling, cybersecurity, fault detection and financial modeling. 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. For more information about the company, please visit 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 our most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of our Quarterly Reports on Form 10-Q and in our 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 us on the date hereof. We undertake no duty to update this information unless required by law.                                                          

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