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The Canadian company D-Wave is considered one of the pioneers in the production of commercial quantum computers. The first models were released back in 2007. Then it was Orion in 16- and 28-qubit versions. In May 2011, the D-Wave One model with a 128-qubit chip, and then the D-Wave Two with a 512-qubit chip, went on sale. In 2016, the company created a D-Wave 2000Q computer with a 2000-qubit processor and sold it for $15 million to Temporal Defense Systems, which specializes in information security[1].
According to D-Wave representatives, the 2000Q is superior in performance to "ordinary" servers in specialized tasks by 1000 or more times. However, this is exactly what is called the weak side of a computer that is capable of performing a fairly narrow range of operations. The manufacturer D-Wave 2000Q claims that its new brainchild is especially successful in machine learning..
See also
History
Quantum computer cracks military-grade encryption for the first time
On October 11, 2024, it became known that Chinese specialists using a quantum computer for the first time hacked encryption algorithms, which are widely used in the banking and military industries. This is said to pose a "real and significant threat" to the long-standing mechanism for protecting digital systems. Read more here.
2022: Going public
In early February 2022, quantum computer developer D-Wave Systems announced its entry into the New York Stock Exchange through a merger with SPAC-company DPCM Capital. The stock ticker is XPOA. The combined company was named D-Wave Quantum, its valuation is $1.6 billion.
D-Wave decided to run a nonstandard offering even as other companies that followed the same path of going public, such as Grab Holdings and BuzzFeed, faced falling market valuation numbers amid volatility.
D-Wave expects to receive up to $340 million in gross proceeds from the transaction, including a $40 million private public offering from PSP Investments, Goldman Sachs Asset Management, NEC Corporation, Yorkville Advisors and Aegis Group Partners.
The company plans to use the proceeds to expand its global presence in emerging markets and develop its more than 200 patents.
D-Wave offers full-featured real-time quantum systems that enable hardware development software , post-processing, and chip manufacturing. They find application in various sectors, from logistics artificial intelligence to financial modeling and. cyber security
The largest automotive concern, Volkswagen AG a development company software Accenture and a manufacturer of defense systems Lockheed Martin are among the major customers of D-Wave (by February 2022).
Morgan Stanley serves as financial advisor to D-Wave, and Citigroup serves as capital markets advisor to DPCM.[2]
Notes
Stock price dynamics
| Ticker company on the exchange: | NYSE:XPOA |
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