D-Wave Quantum Inc. (NYSE: QBTS) CEO Dr. Alan Baratz Details Quantum Computing Approach and Real-World Value in Response to NVIDIA CEO Jensen Huang’s Comments

  • At CES 2025, NVIDIA’s CEO Jensen Huang said practical quantum computing may still be 15 to 30 years away
  • D-Wave CEO Dr. Alan Baratz rejected the claim, highlighting that his company’s annealing quantum computing solutions are already available and are solving useful problems
  • The company is working with more than 100 organizations across multiple industries to address complex optimization issues, such as production and workforce scheduling, resource optimization, logistics routing and more

D-Wave Quantum (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the first commercial provider of quantum computers, announced that CEO Dr. Alan Baratz responded to NVIDIA CEO Jensen Huang’s recent comments about quantum technology during an interview on CNBC’s The Exchange on Jan. 8, 2025. Dr. Baratz highlighted his company’s approach to building functional quantum computing technology, the real-world value of D-Wave’s annealing quantum computing solutions and the company’s efforts to accelerate commercial adoption.

A replay of the interview with Dr. Baratz can be viewed at https://ibn.fm/Dm0IE.

Dr. Baratz’s comments come on the heels of Huang’s remarks at the Consumer Electronics Show (“CES”) 2025, where he suggested that practical quantum computing may still be 15 to 30 years away. As Huang sees it, a 15-year window for what he describes as “very useful quantum computers” is likely too early, but a 30-year window is likely too late. He hypothesized that a 20-year window for technology makes the most sense, adding that he believed many tech leaders would agree, according to an MSN report (https://ibn.fm/XiNwf). His comments were met with criticism by several tech leaders, including Dr. Baratz.

The D-Wave CEO explained that there are different types of quantum computing solutions – some maturing faster than others. D-Wave’s annealing quantum computing solutions are already available today and are solving useful problems for businesses, researchers and governments now, he said (https://ibn.fm/UsLCM).

“There are different approaches to quantum: annealing and gate are the two primary approaches. And while his [Huang’s] comments may not be totally off base for gate model quantum computers, they are 100% off base for annealing quantum computers. When it comes to D-Wave annealing quantum computing, he is dead wrong. We are not 30 years out, we’re not 20 years out, we’re not 15 years out. We are today. We are supporting businesses today with quantum compute to solve their hard problems,” said Dr. Baratz.

The D-Wave CEO also emphasized that he believes that annealing quantum computing is becoming a crucial factor in speeding up commercial adoption of the technology, as it is uniquely suited for optimization problems modern enterprises face on a regular basis.

The company is already working with organizations across multiple verticals and industries to address complex optimization issues, such as production and workforce scheduling, resource optimization, logistics routing and more. “D-Wave has been able to solve problems on our quantum computer in the area of materials simulation in minutes that it would take well over millions of years to solve on the fastest supercomputers, which by the way happen to be massively parallel GPU computers,” Dr. Baratz added.

According to Dr. Baratz, more than 100 organizations are using D-Wave’s quantum technologies on-premise and via the cloud to fuel operations and realize business value. Huang’s comments are the latest in a string of misinformation on quantum computing unfortunately driving market reaction, the D-Wave CEO said, adding that this dialogue should happen in the open, so that the general public understands what’s real and what’s hype in quantum computing.

“There is massive potential for AI and quantum to work together in advancing the limitations of today’s classical computing capabilities,” Dr. Baratz concluded. “We welcome the opportunity to partner with companies like NVIDIA in exploring what’s possible when QPUs and GPUs come together.”

For more information, visit the company’s website at www.dwavequantum.com.

NOTE TO INVESTORS: The latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS

Forward Looking Statements

Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including the risks set forth under the heading “Risk Factors” discussed under the caption “Item 1A. Risk Factors” in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law.

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