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August 22, 2023

D-Wave Announces Increased Performance of Newest Quantum Hybrid Solver Available in the Leap Real-Time Quantum Cloud Service

Enhanced Constrained Quadratic Model (CQM) solver helps businesses tackle more complex optimization problems through quantum/classical computation

BURNABY, B.C., PALO ALTO, Calif. --- August 22, 2023 -- D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers, today announced an update to its Constrained Quadratic Model (CQM) hybrid solver in its Leap™ quantum cloud service. D-Wave has introduced algorithmic updates to its CQM solver that deliver increased performance for existing binary problem classes, which can include offer allocation, portfolio optimization, and satisfiability.

Optimization problems are ubiquitous in today’s enterprise, and current quantum-hybrid technologies can help developers tackle these quadratic problems to find better solutions. To benchmark the performance enhancements made to the updated hybrid solver, D-Wave tested 2,045 binary quadratic problems, with the new CQM solver winning 80% of the problems, compared to 71.1% and 62.6% of previous versions. To learn more about the CQM hybrid solver and its most recent performance results, the technical report is available here.

“Our mission at D-Wave is to unlock the power of practical quantum computing for our customers,” said Trevor Lanting, vice president of software, algorithms and cloud services at D-Wave. “These most recent updates to our CQM hybrid solver reflect our commitment to building solutions that bring real enterprise applicability and impact today. We’re excited by the performance enhancements that we are seeing, and our rapid pace of innovation allows us to expand quantum-hybrid workflows to help solve increasingly complex problems.”

The CQM solver was first made available in October 2021. It incorporates problem constraints, allowing users to benefit from a simplified expression of their constrained problems, significantly expanding the size and complexity of problems customers can solve with constraints in D-Wave’s hybrid solver to find the best answers to complex business problems.

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 modeling. D-Wave’s technology is being used by some of the world’s most advanced organizations, including Volkswagen, 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 potential of quantum and quantum-hybrid technologies. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including general economic conditions and other risks; our ability to expand our customer base and the customer adoption of our 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 us; risks related to the performance of our 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 our products; the effects of competition on our business; the risk that we will need to raise additional capital to execute our business plan, which may not be available on acceptable terms or at all; the risk that we may never achieve or sustain profitability; the risk that we are unable to secure or protect our intellectual property; volatility in the price of our securities; the risk that our securities will not maintain the listing on the NYSE; and the numerous other factors set forth in D-Wave’s Annual Report on Form 10-K for its fiscal year ended December 31, 2022, Quarterly Report on Form 10-Q for the quarterly period ended June 20, 2023, and other filings with the Securities and Exchange Commission. 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.

Media Contact:

D-Wave
Amy McDowell
media@dwavesys.com

 

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