Mentioned:
There’s been a new major scientific breakthrough in quantum computing technology. And a publicly traded company is behind it.
What’s happening:
- D-Wave Quantum (NYSE: QBTS) has made a new major scientific breakthrough in quantum computing which has been peer-reviewed and published in the highly prestigious academic journal Science
Why it matters:
- D-Wave Quantum’s proprietary quantum computer drastically outperformed one of the world’s most powerful classical computers in a complex magnetic materials simulation problem, which validates that quantum computing technology may unlock some of the most significant breakthroughs to ever occur in material science, medicine and even electronics
Going deeper:
- D-Wave Quantum’s Advantage2 quantum computer was able to successfully solve the simulation problem in a matter of minutes, which represents a stark contrast to what has traditionally been possible through classical computing
- There has been an ongoing race for building the next breakthrough hardware and technology for quantum computing in the public markets lately, which has just recently led to Google (NASDAQ: GOOG), Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) to all debut new quantum computing chips
The intrigue:
- It is estimated that a traditional classical computer would have taken nearly one million years to be able to solve the same computation problem that D-Wave Quantum’s Advantage2 quantum computer solved within minutes
