Other quantum computing firms are selling “noisy toys,” CEO Alan Baratz said on an earnings call Thursday, claiming competitors’ systems are less powerful, frequently down and leave users queuing for hours. “Only D-Wave is the real deal.” (The Logic)
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Other quantum computing firms are selling “noisy toys,” CEO Alan Baratz said on an earnings call Thursday, claiming competitors’ systems are less powerful, frequently down and leave users queuing for hours. “Only D-Wave is the real deal.” (The Logic)
Talking point: The Burnaby, B.C.-founded firm reported US$3.7 million in revenue in the third quarter, doubling sales from the same period last year. D-Wave recently leased half of one of its systems to a group that includes the Italian government, and installed another at a commercial client site in Alabama for the U.S. government’s use. Baratz said the company is working with U.S. departments to figure out how its technology could be used in military logistics, equipment maintenance and research. He contrasted that with competitors he claimed are using “government-funded research and development” as revenue. D-Wave’s stock fell as much as 8.74 per cent in Thursday trading after it reported a significant net loss.
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