D-Wave Quantum (QBTS) Q3 2024 Earnings Transcript

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Thursday, November 14, 2024 astatine 8 a.m. ET

• Chief Executive Officer — Alan Baratz

• Chief Financial Officer — John Markovich

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Alan Baratz: Thanks Kevin, and bully greeting everyone. It’s large to beryllium with you again, and convey you each for joining america today. It’s an breathtaking clip successful the quantum manufacture with involvement levels expanding astatine a accelerated rate, and I’m pleased to beryllium capable to update you connected the momentum that we are seeing present astatine D-Wave. Interest successful our exertion continues to turn and we judge it is evident that annealing quantum computing is the captious accelerant to commercialized adoption of quantum technology, and fto maine beryllium wide - it is our 5,000 qubit Advantage quantum computer, the largest and astir almighty quantum machine successful the world, that is driving this adoption.

Moreover, it is showing up successful bigger wins similar NTT DOCOMO, Japan’s largest wireless bearer with much than 87 cardinal subscribers, wherever our quantum exertion is slated to determination into production. I’d similar to commencement today’s concern update by highlighting immoderate merchandise and exertion advancements. We precocious announced that we person completed the calibration of 4,400 qubit Advantage 2 processor which represents a important measurement towards the commercialized merchandise of Advantage 2, which is our sixth procreation annealing quantum computer.

The 4,400 qubit processor provides awesome show gains implicit the existing Advantage system, including treble coherence clip for faster clip to solution, a 40% summation successful vigor standard for higher prime solutions, and accrued qubit connectivity from 15 to 20-way to alteration solutions to larger problems. With these important show improvements, we judge that the Advantage 2 volition beryllium capable to lick our customers’ progressively analyzable computational problems, particularly successful areas specified arsenic optimization, AI, and worldly science. The manufacture is taking enactment of this singular performance. Heather West, quantum expert astatine IBC, a premier planetary marketplace quality firm, precocious published a precise affirmative study connected Advantage 2, called D-Wave: Setting New Standards successful Quantum Computing Performance.

In that piece, she said - and I’m quoting from the piece, to day D-Wave’s quantum annealing systems are 1 of the fewer quantum computing technologies utilized by organizations to tally accumulation usage cases to summation concern value. The scope of optimization problems which tin beryllium applied to the annealing quantum machine show a versatility erstwhile thought to beryllium constricted to gate-based systems. This versatility volition assistance to grow the adoption of quantum computing to a larger fig of imaginable extremity users crossed aggregate industries; consequently, it whitethorn beryllium that the agelong sought aft slayer usage lawsuit for quantum is successful information quantum optimization. That’s the punctuation from Heather.