PALO ALTO, Calif. – May 20, 2024 -- D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers, today announced that Dr. Alan Baratz, CEO of D-Wave, is calling upon business leaders to immediately prioritize the exploration of quantum computing as they continue to accelerate their AI adoption.
In his most recent Forbes Technology Council guest column, Dr. Baratz writes that as AI continues to advance at an astonishing rate, it also consumes vast amounts of energy. Quantum computing could help develop more powerful and sustainable AI models, offering a more scalable and energy-efficient solution to drive supercharged optimization. Dr. Baratz offers steps leaders can take now to bring quantum AI into their enterprise, starting with identifying strategic areas where quantum AI could make an immediate impact, such as driving more precise predictions of supply and demand to give organizations a competitive edge.
“With sustainability now an added business imperative, the combination of quantum with AI could help organizations forecast demand more precisely and align production, minimizing the creation of excess goods and reducing waste through the supply chain,” he writes. “By using quantum to optimize routing, production, and inventory management based on AI-powered forecasting, quantum and AI together could help organizations reduce the need for transportation and storage, reducing costs and carbon emissions.”
About D-Wave Quantum Inc.
D-Wave is a leader in the development and delivery of quantum computing systems, software, and services, and is the world’s first commercial supplier of quantum computers—and the only company building both annealing quantum computers and gate-model quantum computers. Our mission is to unlock the power of quantum computing today to benefit business and society. We do this by delivering customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. D-Wave’s technology has been used by some of the world’s most advanced organizations including Mastercard, Deloitte, Davidson Technologies, ArcelorMittal, Siemens Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd., DENSO, Lockheed Martin, Forschungszentrum Jülich, University of Southern California, and Los Alamos National Laboratory.
About Forbes Councils
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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. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including the risks set forth under the heading “Risk Factors” discussed under the caption “Item 1A. Risk Factors” in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. 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 us on the date hereof. We undertake no duty to update this information unless required by law.
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