https://auntresodamid.com/iJugHxINePLH1VY/96561
D-Wave Quantum shares soar 20% as company releases latest computing system

D-Wave Quantum shares soar 20% as company releases latest computing system

Sharing is caring!


Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images

D-Wave Quantum’s latest quantum computing system has hit the market, the company said Tuesday. Shares popped more than 18%.

The quantum computer, known as Advantage2, marks its sixth iteration and most advance system, the company said. D-Wave said the computer offers a 40% boost in energy scale, reduces noise by 75% and is accessible through the company’s cloud services.

“It’s an engineering marvel, with substantial technical advancements that highlight D-Wave’s progress in scaling quantum technology to meet industry demands for growing computational processing power while maintaining energy efficiency,” said CEO Alan Baratz in a press release.

Quantum computing companies promising to solve intricate computing tasks unachievable by regular computers have garnered the attention of investors since Google debuted its latest quantum computing chip known as “Willow” in December. Microsoft launched its first quantum chip earlier this year.

Despite strides in quantum experts have cast some doubt over how soon quantum applications can hit the market. Nvidia CEO Jensen Huang in January said that 15 years was on the “early side” for “very useful” quantum computers. The comments sent quantum stocks spiraling.

Huang later walked back those comments at a company event in March, with D-Wave’s Baratz and other quantum executives in attendance. Baratz told CNBC shortly after the initial comments that Huang was “dead wrong” about quantum computing.

Other quantum computing stocks jumped on the news with Quantum Computing and Rigetti Computing last up more than 10% and 5%, respectively. IonQ added 3%.

This is breaking news. Please refresh for updates.



Source link

Oval@3x 2

Don’t miss latest news!

Select list(s):

We don’t spam! Read our [link]privacy policy[/link] for more info.

🕶 Relax!

Put your feet up and let us do the hard work for you. Sign up to receive our latest news directly in your inbox.

Select Your Choice:

We’ll never send you spam or share your email address.
Find out more in our Privacy Policy.

🕶 Relax!

Put your feet up and let us do the hard work for you. Sign up to receive our latest news directly in your inbox.

Select Your Choice:

We’ll never send you spam or share your email address.
Find out more in our Privacy Policy.

Sharing is caring!

Read More :-  Trump's massive 46% Vietnam tariffs could hit Nike, American Eagle and Wayfair
Scroll to Top