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FAQ: D-Wave Quantum's Acquisition of Quantum Circuits Inc.
TL;DR
D-Wave's $550 million acquisition of Quantum Circuits creates a dual-platform quantum computing leader, positioning investors and customers at the forefront of commercial quantum technology.
D-Wave acquires Quantum Circuits for $550 million, combining annealing quantum systems with error-corrected gate-model technology to accelerate development of scaled quantum computers.
This merger accelerates quantum computing development, potentially solving complex global challenges in optimization, AI, and research to create a more advanced technological future.
D-Wave becomes the world's first dual-platform quantum company, merging annealing and gate-model technologies to deliver the first error-corrected quantum systems by 2026.
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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.
The $550 million purchase price consists of $300 million in D-Wave common stock and $250 million in cash.
This acquisition makes D-Wave the world's first and only dual-platform quantum computing company, combining annealing and gate-model technologies to accelerate the development of scaled, error-corrected gate-model quantum computers alongside existing annealing systems.
Quantum Circuits brings error-corrected superconducting gate-model quantum computing technology, specifically dual-rail technology with built-in error detection that results in higher quality qubits and reduces physical resources needed for logical qubits.
The combination is expected to accelerate D-Wave's commercial gate-model product roadmap, potentially making it first to deliver fully error-corrected, scaled gate-model quantum computing while significantly expanding addressable use cases for commercial quantum computing.
The first deliverable will be an initial dual-rail system planned to be generally available in 2026.
D-Wave is the world's first commercial supplier of quantum computers and, with this acquisition, becomes the only company building both annealing and gate-model quantum computers.
Readers can view the full press release at https://ibn.fm/05ZhB or visit D-Wave's website at www.dwavequantum.com for more information about their quantum computing systems and services.
D-Wave's quantum computers feature QPUs with sub-second response times and can be deployed on-premises or accessed through their quantum cloud service, which offers 99.9% availability and uptime.
More than 100 organizations use D-Wave's technology for computational challenges, with over 200 million problems submitted to their quantum systems to date, addressing use cases in optimization, artificial intelligence, research, and more.
Curated from NewMediaWire
