- D-Wave recently shared important research results demonstrating successful quantum error mitigation (“QEM”) in its Advantage2(TM) annealing quantum computing experimental prototype
- The company’s latest research focuses on zero-noise extrapolation, one of the most practical QEM techniques, maintaining the quantum state and reducing errors
- D-Wave has also made significant progress with high-coherence fluxonium qubits, setting new standards in quantum properties
D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services, and the world’s first commercial supplier of quantum computers, recently shared important research results that demonstrate successful quantum error mitigation (“QEM”) in its Advantage2(TM) annealing quantum computing experimental prototype. This progress in reducing errors in quantum computers is expected to drive performance advancements in the company’s future quantum computing systems and processors.
Quantum computing is incredibly powerful but can be sensitive to noise and imperfections in the hardware – known as “errors.” Fixing these errors is a major challenge, and while there is a solution called quantum error correction, it’s currently too complex and resource-intensive to be…
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. Forward-looking statements in this press release include, but are not limited to, statements regarding the potential impact and results of D-Wave’s progress in QEM; the new possibilities that may result from successful QEM including simulating exotic materials and moving closer to quantum supremacy on D-Wave processors; the potential impact of D-Wave’s work with fluxonium qubits on D-Wave’s hardware development and technical leadership. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including the possibility for research results to differ in the future from what has been recorded to date; general economic conditions and other risks; D-Wave’s ability to expand its customer base and the customer adoption of its 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 the company; risks related to the performance of D-Wave’s 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 D-Wave’s products; the effects of competition on the company’s business; the risk that the company will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; the risk that the company may never achieve or sustain profitability; the risk that the company is unable to secure or protect its intellectual property; volatility in the price of its securities; the risk that D-Wave’s 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 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 the company on the date hereof. D-Wave undertakes no duty to update this information unless required by law.
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