D-Wave Announces Increased Performance of Newest Quantum Hybrid Solver Available in the Leap Real-Time Quantum Cloud Service
August 22 2023 - 6:00AM
Business Wire
Enhanced Constrained Quadratic Model (CQM)
solver helps businesses tackle more complex optimization problems
through quantum/classical computation
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.
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D-Wave Alex Daigle adaigle@offleashpr.com
D Wave Quantum (NYSE:QBTS)
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