D-Wave is a bit of an oddity in the quantum computing space, having been founded back in the last century. And its initial offering wasn't a quantum computer like those being developed by IBM or Google. Instead, the company built what's now called a quantum annealer, a machine that isn't general-purpose but can solve a large class of optimization problems. While the hardware shares some similarities with the qubits used in gate-based quantum computers, it operates in a fundamentally different way.

But a few years back, D-Wave started working on gate-based hardware, apparently choosing a somewhat unusual qubit technology called fluxonium. And this year, the company acquired a startup called Quantum Circuits that spun out of Yale University and has been developing what's called a dual-rail qubit (the same technology used by Amazon), which promises to make most errors very easy to detect, simplifying error correction.

On Wednesday, the company is publishing a paper in Nature that describes a key step in validating this dual-rail technology, showing that two of the qubits can be entangled without altering their best feature: Most are a single type that is easy to detect.

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The US government will take equity stakes worth a total of $2 billion in a slew of quantum computing companies, including a startup backed by a firm with links to the Trump family and one taken public by a Pentagon official.

The announcement by the commerce department that it had signed letters of intent with nine companies—including GlobalFoundries and IBM—sent shares in quantum specialists soaring on Thursday.

Both IBM, which is set to get $1 billion, and GlobalFoundries, which will receive $375 million, were up more than 6 percent in pre-market trading. D-Wave Quantum, an awardee that was taken public in 2022 by Emil Michael—now a top Pentagon official—was up more than 20 percent.

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The US government will take equity stakes worth a total of $2 billion in a slew of quantum computing companies, including a startup backed by a firm with links to the Trump family and one taken public by a Pentagon official.

The announcement by the commerce department that it had signed letters of intent with nine companies—including GlobalFoundries and IBM—sent shares in quantum specialists soaring on Thursday.

Both IBM, which is set to get $1 billion, and GlobalFoundries, which will receive $375 million, were up more than 6 percent in pre-market trading. D-Wave Quantum, an awardee that was taken public in 2022 by Emil Michael—now a top Pentagon official—was up more than 20 percent.

Read full article

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