FAQ: D-Wave's €10M Quantum Computing Agreement with Swiss Quantum Technology SA

What is the main announcement in this press release?

D-Wave Quantum Inc. has signed an agreement with Swiss Quantum Technology SA to deploy a D-Wave Advantage2 annealing quantum computer in Europe, representing a €10 million multi-year QCaaS commitment with an option to purchase the system.

Who are the key organizations involved in this agreement?

D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, and Swiss Quantum Technology SA (SQT), who is funding the deployment, with the system supporting Italy’s newly formed Q-Alliance initiative.

What type of quantum computer is being deployed and what are its specifications?

The D-Wave Advantage2 is an annealing quantum computer featuring D-Wave’s most advanced quantum processor with 4,400+ qubits, designed to be powerful and energy-efficient for production deployment of quantum and hybrid quantum applications.

How will customers access this quantum computing system?

Customers will be able to access the Advantage2 system through D-Wave’s Leap real-time quantum cloud service, which offers 99.9% availability and uptime.

Why is this agreement significant for Europe’s quantum computing landscape?

This deployment supports Italy’s Q-Alliance initiative focused on establishing Italy’s quantum leadership and represents an important milestone in expanding global access to annealing quantum computers in Europe.

What are the capabilities of the Advantage2 quantum computer?

The Advantage2 system is capable of solving complex computational problems beyond the reach of classical computers and is designed to facilitate quantum and hybrid quantum applications for production deployment with sub-second response times.

What is the financial commitment involved in this agreement?

The agreement represents a €10 million multi-year QCaaS (Quantum Computing as a Service) commitment from Swiss Quantum Technology SA, with an option to purchase the system.

Where can I find more detailed information about this announcement?

The full press release can be viewed at https://ibn.fm/h9GAC, and more information about D-Wave is available at www.dwavequantum.com.

What does D-Wave’s CEO say about the significance of this agreement?

Dr. Alan Baratz, CEO of D-Wave, stated that this agreement is an important milestone in expanding global access to their fleet of annealing quantum computers and will serve as a critical component in Europe’s quantum leadership extension.

What is D-Wave’s position in the quantum computing industry?

D-Wave is the world’s first commercial supplier of quantum computers and the only company building both annealing and gate-model quantum computers, with over 200 million problems submitted to their quantum systems to date.