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Commercial Quantum Computing Center Stage at D-Wave Quantum Inc. (NYSE: QBTS) Qubits23 Conference
February 16, 2023

Commercial Quantum Computing Center Stage at D-Wave Quantum Inc. (NYSE: QBTS) Qubits23 Conference

  • D-Wave’s annual user conference provided attendees with valuable insights, demos, and scientific talks about D-Wave’s quantum computing and quantum-hybrid applications
  • D-Wave identified several key takeaways from the conference, including: the commercialization of quantum is here, live commercial customer demonstrations showcase value in real-time, not all quantum is the same, it is easy to build quantum teams, and the upcoming Advantage2 processor expects to deliver enhanced performance
  • More than 15 customers including Mastercard, Deloitte and Davidson Technologies were on hand to spotlight quantum and quantum-hybrid demos and applications built on D-Wave solutions

D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services focused on delivering practical quantum applications, and the only provider building both annealing and gate-model quantum computers, recently held its Qubits23 user conference in Miami, Florida.

Providing valuable information, demos, and scientific talks, the conference served as an important opportunity for attendees to hear directly from industry leaders, network with like-minded professionals, and gain new insights into the latest developments in the rapidly developing field of quantum computing.

D-Wave highlighted six key takeaways, including:

  • The commercialization of quantum is upon us: D-Wave CEO Dr. Alan Baratz discussed enterprise adoption trends and highlighted live demos of quantum-hybrid applications from D-Wave customers including Mastercard, Deloitte and Davidson Technologies.
  • Live customer demos showcased the technology’s diverse applicability: The breadth of applications spanned across several industries including financial services, government and defense. 
  • Not all quantum is the same, with annealing solving problems today: While the practical use of gate model quantum computing is still years away, quantum annealing and quantum-hybrid applications can be used now to unlock business value and solve real world problems.
  • Quantum early adopters see a variety of promising workloads: Bob Sorensen from Hyperion Research called out new survey data wherein respondents confirm the promise of quantum computing for a wide range of computational workloads, including machine learning applications, finance-oriented optimization, and logistics and supply chain management.
  • Building a successful quantum application team is now easier than ever: A panel of quantum industry experts shared perspectives and experiences in staffing and training the quantum workforce, noting the ease with onboarding and training teams on quantum annealing and quantum-hybrid technology.
  • Upcoming Advantage2 processors expected to deliver enhanced performance: The next generation Advantage2(TM) annealing quantum computing system is expected to feature 7000+ qubits and 20-way connectivity as well as higher energy scale and higher coherence.

In one of the event’s keynote customer demonstrations, Kate Abrey of Deloitte presented one of the first-ever live demos of quantum-hybrid applications in real-time. The demo showcased employee scheduling optimization and highlighted the technology’s applicability and potential impact across multiple industries that deal with complex workforce resource allocation. Schedules with this number of variables are often planned months in advance, which can adversely affect an entire ecosystem when illness or other scheduling disruptions occur (https://ibn.fm/sIMCr).

In addition to Deloitte, Qubits23 attendees heard from other D-Wave customers, including Davidson Technologies and Mastercard. Steve Flinter, Mastercard VP of R&D, discussed financial quantum-hybrid applications, including optimizing credit card offers, quantum fraud detection, and optimizing the cross-border, multi-lateral net settlement process used to settle funds. Dale Moore, COO of Davidson Technologies demoed the technology’s potential applicability and impact in the defense industry, with an application for missile defense optimization.

Many of the presentations, including Mr. Baratz’s keynote speech, “Complexity to Clarity,” can be found on the D-Wave Qubits 2023 Presentations channel on YouTube (https://ibn.fm/NrzuA).

For more information, visit the company’s website at 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

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