D-Wave Stands Ready to Execute on the U.S. Government’s Shift to Building Near-Term Quantum Computing Applications to Solve Challenging Public Sector Problems
27 Juni 2023 - 3:00PM
Business Wire
New legislation before Congress embraces all
quantum technologies and pushes for near-term usage
Recent legislation before Congress is calling for the U.S.
government to develop and adopt near-term quantum computing
applications that could provide solutions to complex public sector
optimization problems, including electrical grid resilience,
optimization of ports, global supply chain issues, emergency
management and response, infrastructure, and telecommunication
networks. D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum
computing systems, software and services, has the technology that
is necessary to develop these applications today.
Last week, the National Defense Authorization Act (NDAA) and the
FY24 Energy and Water Appropriations bill in the House of
Representatives both advanced policies that include development of
near-term quantum applications. This represents an important shift
in the U.S. government’s mindset about quantum, which until this
point has been focused on longer-term gate-model quantum. The NDAA
and Appropriations bills explicitly call for U.S. policies that
include all viable quantum computing systems, including quantum
annealing, gate-model, and quantum-hybrid technologies (quantum
plus classical computing applications). The legislation also
includes an aggressive timeframe of 24-months or less for
developing and deploying demos, proofs of concepts, and pilots.
“The country is at a unique inflection point for U.S. quantum
policy,” said Dr. Alan Baratz, CEO of D-Wave. “To date, the U.S.
National Quantum Strategy has not prioritized application
development, but legislation before Congress has shifted that
mindset. D-Wave stands ready to collaborate with the U.S.
government to build near-term quantum applications to help meet
current and future public sector needs.”
Quantum annealing technology is uniquely suited for solving
optimization problems and is the technology that is available now
to help build these applications. D-Wave is already providing
solutions to its broad portfolio of commercial and government
customers in areas such as logistics, artificial intelligence,
materials sciences, drug discovery, scheduling, fault detection,
and financial modeling. For example, D-Wave and its customers have
built applications and demos for last-mile resupply during
emergency response for the Australian Army and optimizing tsunami
evacuation routes in Japan.
Additional legislation recently introduced in the Senate calls
for quantum and quantum-hybrid development via the Quantum Sandbox
bill. In the House of Representatives, the Wildfire Tech DEMO Act
calls for applying quantum technology to wildfire response, while
the Quantum Practice Act seeks to use quantum technology for
modeling and simulations.
If these bills are enacted, the U.S. will move closer to other
global leaders like the United Kingdom, Australia, Germany, Japan,
and Canada, who have already heavily invested in quantum and have
in place robust government quantum strategies. Furthermore, some of
these countries are actively supporting the commercialization of
quantum as well as workforce development efforts calling for
inclusion of quantum annealing and quantum-hybrid applications
within their programs.
This U.S. legislative effort comes at a time when global
government investment in quantum application development is
increasing and is expected to reach $36 billion during 2023. The
National Quantum Initiative Act (NQI), enacted in December 2018 to
accelerate American leadership in quantum information technology,
is scheduled to be reauthorized this year.
About D-Wave Quantum Inc.
D-Wave is a leader in the development and delivery of quantum
computing systems, software, and services, and is the world’s first
commercial supplier of quantum computers—and the only company
building both annealing quantum computers and gate-model quantum
computers. Our mission is to unlock the power of quantum computing
today to benefit business and society. We do this by delivering
customer value with practical quantum applications for problems as
diverse as logistics, artificial intelligence, materials sciences,
drug discovery, scheduling, cybersecurity, fault detection, and
financial modeling. D-Wave’s technology is being used by some of
the world’s most advanced organizations, including Volkswagen,
Mastercard, Deloitte, Davidson Technologies, ArcelorMittal, Siemens
Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd.,
DENSO, Lockheed Martin, Forschungszentrum Jülich, University of
Southern California, and Los Alamos National Laboratory.
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Amy McDowell media@dwavesys.com
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