D-Wave Acquires Quantum Circuits to Expand Gate-Model Push, Wins Up to $100 Million CHIPS Funding
Updated
Updated · Yahoo Finance · Oct 3
D-Wave Acquires Quantum Circuits to Expand Gate-Model Push, Wins Up to $100 Million CHIPS Funding
2 articles · Updated · Yahoo Finance · Oct 3
Summary
D-Wave said it closed its January acquisition of Yale spin-out Quantum Circuits, adding technology aimed at expanding beyond quantum annealing into gate-model quantum computing.
The deal brings in a dual-rail qubit design that CEO Alan Baratz said combines superconducting-qubit speed with lower error rates more typical of trapped-ion and neutral-atom systems.
D-Wave has been commercializing annealing systems through deals with AT&T, Verafin and NTT DOCOMO, while using the acquisition to target a broader set of computing problems.
Up to $100 million in finalized CHIPS and Science Act funding from the U.S. Department of Commerce adds support for D-Wave's quantum R&D as competition with IonQ and Rigetti intensifies.