• The “Quantum Programming Core” course experienced a 53% rise in enrollments, while total enrollments, including both the “Core” and “Foundations for Quantum Programming” courses, increased by 85%
• D-Wave provides access to its Leap(TM) quantum cloud service in 42 countries, allowing learners to utilize D-Wave software and tools including the Ocean(TM) SDK
• Nearly 90% of learners that have completed a D-Wave training course recommend it

D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services, and the first commercial provider of quantum computers, recently announced a significant increase in enrollment for its quantum training courses. In the first half of 2024, the enrollment numbers saw double-digit growth compared to the same period in 2023 (https://ibn.fm/n5wXd).

The “Quantum Programming Core” course experienced a 53% rise in enrollments, while total enrollments, including both the “Core” and “Foundations for Quantum Programming” courses, surged by 85%. This notable growth highlights a global effort to train workers to meet the rapidly expanding demand for quantum computing expertise.

“With rapidly increasing demand for quantum-ready talent and a shortage of quantum-trained workers, we’re at a critical crossroads with quantum education,” said Victoria Goliber, D-Wave’s head of technical advising. “Our learning solutions foster an environment of experimentation and innovation that helps streamline and expedite skills training to prepare the workforce now in order to meet the growing need for quantum optimization capabilities.”

This surge in demand for quantum programming skills is driven by forecasts indicating that less than half of all anticipated quantum computing job openings will be filled by 2025, as reported by McKinsey. Supporting this prediction, a 2024 Hyperion Research survey commissioned by D-Wave revealed that businesses currently utilizing quantum computing cite the lack of in-house quantum expertise as a major challenge. Furthermore, nearly all government quantum initiatives across various countries, including Australia, Canada, the European Union, Japan, the United Kingdom, and the United States, now prioritize quantum workforce development.

To address this need, D-Wave offers accessible and thorough training solutions to prepare professionals for success in the quantum computing field. The “Foundations for Quantum Programming” course is designed to help beginners develop their math and Python skills, leading up to the more advanced “Quantum Programming Core” course. As part of its global workforce development efforts, D-Wave provides access to its Leap quantum cloud service in 42 countries, allowing learners to utilize D-Wave software and tools including the Ocean SDK. In Canada, students, staff, and researchers at post-secondary institutions can access D-Wave technology for free through the Leap service, thanks to an expanded training initiative in collaboration with Canada’s Quantum Algorithms Institute.

“In most of the data analytics teams, we don’t represent problems in a binary format, which is generally required to work with a quantum computer,” said Ziya Dalkılıç, data scientist at Ford Otosan, a joint venture between Ford Motor Company and Koç Holding, an industrial conglomerate based in Turkey. “I think it is quite important to learn how to represent those problems in the fashion that a quantum computer needs. This course has been fundamental in providing that knowledge before tackling a real-world problem.”

D-Wave’s training program emphasizes practical applications rather than theoretical concepts and physics. It demonstrates how quantum computing can address real-world problems such as workforce scheduling, logistics routing, production planning, and resource allocation. Nearly 90% of learners that have completed a D-Wave course recommend it, appreciating the well-structured, easy-to-follow materials and the practical approach tailored for individuals with minimal coding experience.

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

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 the company’s most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of the company’s Quarterly Reports on Form 10-Q and in the company’s 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 the company on the date hereof. The company undertakes no duty to update this information unless required by law.

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