Insider Brief
D-Wave used its first investor day at the New York Stock Exchange to argue that its dual strategy of developing both annealing and gate-model quantum computers positions it to address a broader range of future quantum computing applications.
The company highlighted potential opportunities in AI, blockchain and optimization while pointing to a proposed $100 million CHIPS Act award as evidence of growing government support for quantum technologies.
D-Wave plans to move its headquarters to Boca Raton, Florida, as it invests in expanding its gate-model quantum roadmap while seeking to prove that its two-platform approach can translate into long-term commercial success.
On June 1, D-Wave Quantum held its first investor day at the New York Stock Exchange under the banner “The D-Wave Difference.” Alan Baratz, CEO of D-Wave, opened by urging the room to be skeptical of quantum computing companies, his own included. Quantum mechanics is hard, the chief executive said, and that makes it easy to sell things that are not real. When a company names a customer, ask who it is and whether you can call them. When it claims a scientific result, find the paper and read it. Always challenge.
