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FAQ: D-Wave's Acquisition of Quantum Circuits Inc. and Its Impact on Quantum Computing
TL;DR
D-Wave's $550M acquisition of Quantum Circuits positions it as the first dual-platform quantum computing company, accelerating error-corrected gate-model development for competitive advantage.
D-Wave merges with Quantum Circuits, combining annealing quantum systems with dual-rail error-corrected gate-model technology to reduce physical qubit requirements for scalable quantum computing.
This merger accelerates commercial quantum computing development, potentially solving complex global problems faster and expanding beneficial applications for society's advancement.
D-Wave plans to launch the first dual-rail quantum system by 2026, merging two leading quantum technologies in a $550 million deal.
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D-Wave Quantum Inc. (NYSE: QBTS) has entered into a merger agreement to acquire Quantum Circuits Inc. for $550 million, combining the world's leading annealing quantum computing company with a leading developer of error-corrected gate-model technology.
This acquisition creates the world's first and only dual-platform quantum computing company, dramatically accelerating the projected timeline for scaled, error-corrected gate-model quantum computers while expanding the use cases addressable by commercial quantum computing.
The purchase price is $550 million, consisting of $300 million in D-Wave common stock and $250 million in cash.
D-Wave's scalable control of superconducting processors and high availability quantum cloud platform are being combined with Quantum Circuits' error-corrected superconducting gate-model technology and dual-rail technology with built-in error detection.
The combination is expected to facilitate an accelerated commercial gate-model product roadmap, enable D-Wave to be first to deliver fully error-corrected, scaled gate-model quantum computing, and significantly expand addressable use cases for commercial quantum computing.
The first deliverable will be an initial dual-rail system, planned to be generally available in 2026.
Quantum Circuits' dual-rail technology with built-in error detection results in higher quality qubits and dramatically lowers the physical resources required for building logical qubits.
This transaction secures D-Wave's position as the world's first and only dual-platform quantum computing company, building and delivering both annealing and gate model quantum computing technology to address customers' full set of complex computational problems.
You can view the full press release at https://ibn.fm/05ZhB and learn more about D-Wave at www.dwavequantum.com.
Curated from InvestorBrandNetwork (IBN)
