August 10, 2022 -- InvestorsHub NewsWire -- via NetworkNewsWire
Editorial Coverage: Quantum computing has moved from research
to reality, as companies increasingly turn to the power of quantum
mechanical effects to solve complex computational problems and
maximize efficiencies throughout their businesses. When considering
the quantum computing landscape, it’s important to note that not
all quantum computing technologies are the same and approaches
vary. While some companies are focused on building quantum systems
that won’t be available for many years to come, others are offering
real, practical quantum computing applications available today to
help tackle a myriad of complex business challenges. Hundreds of
early quantum applications have already been built to address
complexities in resource scheduling, mobility, logistics, drug
discovery, portfolio optimization, and manufacturing processes.
Despite a growing marketplace of quantum computing players, only a
handful are currently commercially viable. Industry
pioneer D-Wave Quantum Inc. (NYSE: QBTS)
(Profile) is the first company with
real-world commercial annealing quantum computing services and the
only company building both annealing and gate-based
quantum computing products. D-Wave, which just became
public via a SPAC merger, is at the vanguard of the quantum sea
change in computing alongside other computer juggernauts such
as Microsoft
Corporation (NASDAQ:
MSFT), Alphabet Inc. (NASDAQ:
GOOGL), International Business Machines
Corporation (NYSE:
IBM) and Honeywell International
Inc. (NASDAQ:
HON).
- Boston Consulting Group
estimates quantum computing to create a total addressable market
(“TAM”) between $450–$850 billion in the next 15 to 30 years.
- D-Wave is the only annealing
quantum computing company in the world, and the only company
working on both annealing and gate-model quantum computers.
- The company commercialized the
first annealing quantum computer in 2011, now offers a fifth
generation, and has released a sixth-gen prototype.
- The QBTS client list boasts
more than two dozen Forbes Global 2000 companies that use the
Advantage(TM) quantum computer and quantum hybrid applications in
the Leap(TM) quantum cloud service for resolving complexities in
resource scheduling, mobility, logistics, drug discovery, portfolio
optimization and more.
Click here to view the custom infographic of
the D-WAVE editorial.
D-Wave Delivers Solutions Companies Need
Quantum computing has been around in theory and development for
decades, but only recently has it made substantive progress,
building momentum to go mainstream and overcome shortcomings of
traditional computers related to power and processing
speed. Boston
Consulting Group (“BCG”) sees the potential for quantum
computing to significantly impact multiple industries, creating a
total addressable market (“TAM”) between $450 billion and $850
billion over the next 15 to 30 years in the process. BCG estimates
$5 to $10 billion of the anticipated TAM growth will come in the
next three to five years, with 20% of the overall TAM to apply to
quantum hardware, software and service providers like D-Wave; the
rest is expected to be captured by commercially developed quantum
applications.
451
Research, part of S&P Global Market Intelligence, echoed
the bullish sentiment. In its study of Fortune 1000 companies in
North America and Europe, the firm found that 39% of respondents
were experimenting with quantum computing today and 81% have a use
case in mind to run in the next three years. Why? Because nearly
all (97%) of the enterprises rate solving complex problems as high
importance or business critical.
As the world’s only annealing quantum computing company, and
with annealing quantum computing best suited for optimization
problems, D-Wave (NYSE:
QBTS) is uniquely positioned to capture a significant portion
of the TAM for combinatorial optimization problems.
In a world where 39% of enterprises have abandoned complex
problems because of time and difficulty to solve limitations,
D-Wave has proven commercial viability and market leadership.
D-Wave is the first company to bring to market a real-time,
cloud-based annealing quantum computer solution. The company is one
of the newest public quantum computing companies and members of the
NYSE, but it has a long history of more than two decades of
technology innovation unlocking the power of quantum computing,
commercial successes (including building the first commercial
quantum computer that is now on its fifth generation) and hundreds
of use cases built by customers, including more than two dozen of
the Forbes Global 2000.
Annealing vs. Gate-Based
It’s important to have a general understanding of the state of
quantum computing and why D-Wave is differentiated in the
space.
In quantum computing, the two common approaches are: 1)
Annealing, those inspired from neural net-based architectures and
used today for optimization problems; 2) Gate-based, those inspired
by the way traditional silicon architectures constructed for when
error-corrected use cases are required, as in materials science and
pharmaceutical research. D-Wave is building both types of quantum
computers, and its cross-platform approach is expected to bring
both annealing and gate-based technologies to enterprises’ toughest
problems. As an example, in the life sciences industry, quantum
computing broadly unlocks applications including patient trials
(annealing), drug toxicity (annealing + gate-model), and designer
drug discovery (gate-model). According to the CEO of
D-Wave, Alan
Baratz, gate-based
systems are several years away.
D-Wave is the only annealing quantum computing company in the
world, says Baratz. When the company set out to build its first
quantum computer in 2010, management picked annealing over
gate-based for a number of reasons, including a faster path to
commercialization and business value for customers. Annealing is
best suited for solving optimization problems and has shown this
this in a demo built for the Department of Homeland Security.
D-Wave demonstrated how it could use quantum-hybrid
approaches to determine the most efficient use of resources at
1,000-plus hospitals during the peak of the COVID-19 pandemic.
Sounds simple, but all the possible variations of facilities,
locations, beds, ventilators and more are mind boggling, and the
problem becomes far too complex for traditional computers.
The ability to input vast amounts of data and turn out the most
efficient course of action is invaluable for countless
applications, such as employee scheduling, autonomous vehicle
routing, peptide design, fraud detection, optimizing clinical
trials and much more.
Relentless Product Progression
D-Wave has established a history of relentless product delivery,
developing the D-Wave One annealing computer in 2011 and bringing
to market five generations of quantum computers, now commercially
branded as Advantage(TM) quantum systems, and accessible through
D-Wave’s real-time quantum cloud service, Leap(TM). In June 2022,
D-Wave unveiled an experimental prototype of the sixth-generation
annealing quantum computer, called Advantage2(TM), also available
through Leap. Advantage2 is expected to feature a 7,000 functioning
quantum bits, or qubits.
In addition to multiple generations of quantum computers and a
real-time quantum cloud service, D-Wave’s product portfolio
includes Ocean, a toolbox of open-source developer products, and
Launch, its professional services/customer onboarding service. The
company’s intellectual property is protected by a robust patent
estate of 200+ patents applicable to both annealing and gate-based
quantum computing.
Consistent Commercialization
With a legacy of building and delivering commercial annealing
products for more than a decade, D-Wave is an established player in
the sector. The company’s products and services have attracted more
than two dozen Forbes Global 2000 companies, which use Leap and
Advantage to build custom optimization solutions across diverse
areas such as resource scheduling, mobility, logistics, drug
discovery, portfolio optimization, manufacturing processes and
more. A few well-known customers include Deloitte, Volkswagen,
Save-on-Foods, DENSO, BBVA, NEC and Lockheed Martin. In 2021, 68%
of D-Wave’s Quantum Computing as a Service (QCaaS) revenue came
from commercial customers.
Quantum as a Strategic Imperative
A recent 451 Research report found that 39% of Fortune 1000
enterprises are experimenting with quantum computing today, while
78% see quantum computing having a significant impact on creating a
new product. As enterprises look to incorporate quantum computing
into their operations, they are expected to consider D-Wave and its
competitors to optimize the process from development to
distribution.
Based on their public statements:
Microsoft
Corporation (NASDAQ:
MSFT) is building Azure Quantum, which takes a
comprehensive approach to all layers of the computing
stack. Microsoft currently has all the building blocks
of a topological qubit, a new and unique qubit that will be faster,
smaller and more reliable than other qubits. In time, topological
qubits are expected to power Microsoft’s fully scalable, highly
secure, next-generation quantum computer.
Alphabet Inc. (NASDAQ:
GOOGL) recently spun off its quantum technology
group Sandbox AQ, an enterprise SaaS company delivering solutions
at the nexus of quantum tech and AI. The Google
parent is provider of tools dedicated to quantum
computing, including Cirq, an open-source framework for programming
quantum computers.
International Business Machines
Corporation (NYSE:
IBM) has released its quantum computing roadmap,
including plans for four new quantum processors. In its
initiatives, IBM has
amassed a community of clients and partners comprised of Fortune
500 companies, academic institutions, national labs and startups,
along with what it says are 20-plus of the most powerful gate-based
quantum systems in the world.
Honeywell International
Inc. (NASDAQ:
HON) has spent more than a decade working on
quantum computing to shape the adoption and integration of quantum
information systems into the industries it serves. In November
2021, Honeywell’s Quantum Solutions and Cambridge
Quantum combined to form Quantinuum, a company it touts as “the
world’s largest integrated quantum computing company.”
There’s consensus that quantum computing has the potential to
open new vistas, enabling us to do things we can’t even imagine
today. With the tailwinds building behind quantum computing, there
is room for multiple players to emerge, but that by no means
implies that all companies are created equal. One thing that is
certain is that there is no shortfall of problems that quantum
computing can solve and benefit business and society.
For more information about D-Wave, please
visit D-Wave Quantum Inc.
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