- CEO Dr. Alan Baratz recently published a piece for the Forbes Technology Council that highlighted the transformation potential in bringing these two technologies together
- D-Wave is helping companies explore the powerful combination of quantum computing with AI to drive innovation, reduce carbon emissions, and solve complex problems
As artificial intelligence (“AI”) continues its rapid enterprise adoption trend, there is growing interest in how quantum computing can be used in conjunction with AI to create better, more cost- and energy-effective solutions in various fields, such as material science, logistics, and complex optimization problems. The way the two technologies could be used together is explored in a Forbes Technology Council column by D-Wave Quantum (NYSE: QBTS) CEO Dr. Alan Baratz (https://ibn.fm/kBjT6).
D-Wave, a pioneer in quantum computing, is developing annealing quantum computing technology specifically designed to address these challenges. In the Forbes column, Baratz explains that as AI continues to evolve, so will the computational resources and energy needs required to train and develop AI models. According to Dr. Baratz, quantum computing can successfully address some of these challenges by “helping businesses get more out of AI without being constrained by the limitations of classical computing.” This could enhance the applications of both technologies, including chemical simulations for drug discovery and financial modeling.
To implement quantum AI into their operations, Dr. Baratz believes that enterprises should start incorporating quantum technologies as soon as possible in order to maximize the impact of AI and to engage internal teams to identify where quantum AI can support their specific business challenges.
Innovative organizations may view quantum computing as a strategic advantage to outpace competitors. Quantum technology could offer significant business value, including finding supply chain efficiencies, reducing waste, shortening time to solutions, and tackling complex problems previously deemed unsolvable. Data from Hyperion Research indicates that 80% of early adopters of quantum technology plan to increase their investment in the next two to three years, with one-third intending to invest at least $15 million USD in quantum initiatives (https://ibn.fm/eUCsK).
D-Wave has achieved technological milestones that could push the boundaries of what is possible with quantum computing. Its focus on creating scalable quantum solutions positions the company as a key player in the field, driving the adoption of quantum technologies in practical applications. As the convergence of AI and quantum computing reshapes the technological landscape, Dr. Baratz believes that businesses must prepare for the disruptive potential of these advancements.
For more information, visit the company’s website at www.DWaveQuantum.com.
NOTE TO INVESTORS: The latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS
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 the company’s most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of the company’s Quarterly Reports on Form 10-Q and in its 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 the company on the date hereof. The company undertakes no duty to update this information unless required by law.
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