Los Angeles, CA, January 9th, 2025, FinanceWire
- During a recent interview on Fox Business’ Making Money with Charles Payne, CEO Dr. Alan Baratz said that D-Wave has taken a different approach, allowing it to move faster and begin providing commercial quantum solutions.
- D-Wave has the largest quantum computers in the world and is the first to support real business applications in production.
D-Wave Quantum QBTS (“D-Wave”), a leader in quantum computing systems, software and services, and the first commercial provider of quantum computers, announced recently that its CEO Dr. Alan Baratz was interviewed on Fox Business’ Making Money with Charles Payne, discussing the state of the quantum industry and real-world impact D-Wave’s annealing quantum computing is delivering for businesses today (https://ibn.fm/vx9Nk).
Dr. Baratz explained that, compared to other companies in the industry still in the research and development phase, D-Wave is the first commercial quantum computing company that has made the transition to active commercial use of its systems. He believes that annealing quantum computing is emerging as the critical accelerant to commercial adoption of quantum computing. The technology is uniquely suited for various optimization problems, which are widespread throughout enterprises and governments. D-Wave is working with organizations across many sectors to tackle computationally complex optimization problems, including workforce scheduling, production scheduling, logistics routing, resource optimization, and more (https://ibn.fm/M993I).
D-Wave is focused on helping its customers leverage the power of quantum to easily develop their own applications. “You access our systems through our quantum cloud service. It’s quite simple to program our quantum computers. We provide professional services to help our customers get started, and we have one customer that worked with us to program their first application, a workforce scheduling application, who then built their own last-mile routing application without any help from us,” Dr. Baratz said. “So it’s relatively easy to program the systems and start using them.”
In addition, the company provides important training programs, ranging from beginner level to more advanced, to help the developer community learn how to use quantum computing and build applications that can benefit business operations today.
Dr. Baratz explained that the company’s quantum computers, which have been in development for years, have now reached the point where they can support commercial applications that are moving into production. A recent example is Japan’s mobile phone operator NTT DOCOMO, which is using D-Wave technology to optimize mobile network performance.
“We’ve taken a very different approach to quantum computing from everyone else in the industry and that has allowed us to move much faster,” Dr. Baratz said. “We currently have the largest quantum computers in the world, and the only ones that are actually supporting business applications in production. Customers are using them to run their business operations today.”
For more information, users can 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
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