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PALO ALTO, Calif., June 18, 2024 D-Wave Quantum Inc. today announced the results of a new study today that reveals a majority of surveyed businesses actively using quantum computing foresee an exceptional return on investment (ROI) from their quantum optimization efforts with an expected combined potential positive financial impact to reach up to an estimated $51.5 billion.

Announced at D-Waves global Qubits 2024 user conference, these findings are detailed in a new D-Wave-commissioned report conducted by high-performance computing analyst group Hyperion Research in May and June 2024. The firm polled over 300 commercial quantum computing enterprise decision makers across the United States and select European Union countries that are exploring quantum optimization of key business processes within the next 12 to 18 months.

Significant ROI Expected From Quantum Optimization

Out of the 300 users polled, 290 reported that they each expected to make a long-term annual commitment of $3 to $6 million toward quantum optimization initiatives with anticipated estimated benefits of $60 to $65 million each resulting in an impressive ROI of 10 to 20 times the initial investment. These benefits represent an estimated $51.5 billion, and the survey includes only a small subset of the overall business community likely to adopt quantum optimization. This anticipated ROI provides a glimpse into the immense potential of quantum optimization to drive significant business improvements and value creation across industries.

Accelerating Production-Level Applications for Efficiencies, Revenue, and Innovation

The 2024 survey also reveals a significant uptick in quantum adoption planning, with 21% of survey respondents either currently using or planning to put quantum technology into production within the next 12 to 18 months. This represents a 50% increase in adoption plans over findings in Hyperion Researchs 2022 report, which D-Wave believes indicates growing recognition of quantum computings real-world business value.

Respondents view investing in quantum optimization as a promising strategy for enhancing business process efficiencies, which was named as the top benefit of quantum optimization by almost a quarter of respondents (24%), followed by increasing revenues (20%), and driving innovation (14%). These findings also emphasize the importance quantum holds for organizations looking at optimizing finance-oriented areas (17%), supply-chain management (16%) and manufacturing (14%).

Businesses Expect Practical, Performance-Driven Results

According to the survey, respondents identified performance improvements on key workloads as the most significant organizational driver for quantum computing adoption. Not only technical staff, but also senior management teams are now advocating for quantum computing adoption within their organizations, reflecting a growing enterprise-wide appetite for quantum. Whats more, users indicated they are putting their priorities on enhancing existing business processes over the building of new quantum-based applications.

The results of our 2024 survey present a recurring theme: Businesses are not merely interested in exploring the potential of quantum technologies but are now actively pursuing quantum solutions for their real-world problems, said Bob Sorensen, senior vice president of research and chief analyst for quantum computing at Hyperion Research. Theres a notable mindset shift reflected in the survey that speaks to the recognition that quantum optimization is ready to deliver substantially on those much-desired benefits.

In my view, the data is clear: quantum computing has arrived as a critical business imperative, said Dr. Alan Baratz, CEO of D-Wave. Those who proactively embrace this technology and invest in optimization efforts stand to reap significant rewards. The anticipated gains and ROI projections paint a compelling picture of a possible near-term future where quantum computing becomes a fundamental driver of business success.

About the Survey

Hyperion Research conducted the study on behalf of D-Wave to survey to better understand the challenges and opportunities experienced by commercial end users currently exploring or planning to explore the optimization of key business processes using quantum computing. The survey targeted enterprise decision-makers who are deeply involved in their companys strategic technology planning across numerous industry verticals such as software and internet, manufacturing, retail, financial services, chemicals, healthcare, insurance, telecommunications, automotive, transportation, plus oil and gas. Respondents organization headquarters covered the U.S., the U.K., Germany, France, Italy, and Spain.

Download the full survey results from Hyperion Research here.

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 worlds first commercial supplier of quantum computersand 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-Waves technology has been used by some of the worlds most advanced organizations including Mastercard, Deloitte, Davidson Technologies, ArcelorMittal, Siemens Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd., DENSO, Lockheed Martin, Forschungszentrum Jlich, University of Southern California, and Los Alamos National Laboratory.

Source: D-Wave

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D-Wave Commissioned Survey Reveals High ROI Expectations for Quantum Computing - HPCwire

AIST and IBM are expected to formalize their collaboration through a memorandum of understanding, with an official announcement imminent. According to Nikkei Asia, this partnership marks a significant milestone as it will be the first time IBM has collaborated on such a large scale with a foreign research institution in the realm of quantum computing.

The development timeline targets 2029 for the quantum computer to be operational. With more than 10,000 qubits, this machine is anticipated to perform high-level calculations with minimal error. A qubit, the fundamental unit of information in quantum computing, plays a role similar to a binary bit in conventional computers. Although there are many other factors to consider such as qubit fidelity qubit counts can provide a very rough measure of performance. Quantum computers, which theoretically offer capabilities to tackle complex problems beyond the reach of classical computers, hold promise for applications ranging from drug discovery to optimizing logistics, Nikkei Asia reports.

Alongside the quantum computer, the partnership will focus on developing essential semiconductors and superconducting integrated circuits, financial service reports. These components are critical as quantum computers must operate at extremely low temperatures, near absolute zero.

AIST, affiliated with Japans Ministry of Economy, Trade and Industry, boasts strong expertise in artificial intelligence and holds patents vital for this quantum computing endeavor, Nikkei Asia noted. The institute plans to leverage this collaboration to involve Japanese parts manufacturers, aiming for mass production capabilities.

IBM, on its part, has a roadmap to begin selling 1,000-qubit quantum computers by 2025. The joint efforts will include encouraging Japanese companies to adopt these systems, with AIST playing a key role in training industries such as pharmaceuticals in quantum computing applications, according to financial service reports.

Despite their potential, quantum computers are still in developmental stages. Current models, including those with 133 qubits, often require the assistance of supercomputers to correct errors during research. However, the envisioned 10,000-qubit quantum computers are expected to operate independently, without such assistance, Nikkei Asia explains.

For quantum computers to achieve widespread commercial use, scientists suggest that hardware will need to reach the 20,000- to 30,000-qubit level. This partnership between AIST and IBM represents a significant step toward this goal, pushing the boundaries of what quantum computing can achieve and setting the stage for transformative technological advancements, Nikkei Asia reports.

See the rest here:
IBM Reportedly Partnering With Japan's AIST to Develop 10000-Qubit Quantum Computer - The Quantum Insider

BOSTON, June 18, 2024 (GLOBE NEWSWIRE) -- Zapata Computing, Inc. (Zapata AI) (Nasdaq: ZPTA), the Industrial Generative AI company, today announced that its paper on early fault tolerant quantum algorithms has been published in PRX Quantum, a highly selective journal that publishes research with an emphasis on outstanding and lasting impact. The paper, titled Early Fault-Tolerant Quantum Computing provides a unique, quantitative perspective that bridges the theoretical ideal of fault tolerant quantum computation and the present reality of noisy, imperfect quantum computers. The team argues that the path to scalable fault tolerant quantum computers of the future will likely go through a phase called Early Fault Tolerant Quantum Computing (EFTQC).

The paper was published online on June 17th and can be accessed here.

Quantum devices today are noisy and error prone while being on the verge of error correction. Quantum computers of the (distant) future can carry out any amount of error correction needed to keep the computation running. But how we get from here to there while keeping an eye on the usefulness of the quantum devices is still not entirely mapped out, said Yudong Cao, Chief Technology Officer and co-founder of Zapata AI. This research charts a path forward beyond the current NISQ era (near-term intermediate-scale quantum) and considers how we can design algorithms that leverage the next generation of quantum devices with some degree of error correction. We believe this new class of EFTQC algorithms will bring us closer to a practical quantum advantage for industrial applications across industries.

Earlier this week, Zapata AI presented its continued leadership in quantum computing at the Qubits conference, hosted by Zapata AI hardware partner D-Wave Quantum Inc. (D-Wave) (NYSE: QBTS). In a fireside chat hosted by The Boston Globes Aaron Pressman, Cao and Chief Revenue Officer Jon Zorio shared how generative AI can be enhanced by quantum computing and quantum-inspired techniques leveraging GPUs, as well as the implications for industrial applications such as drug discovery and other use cases in industries ranging from telecom to financial services.

The published research in PRX Quantum marks the second time this year Zapata AIs innovative research was published in a prestigious academic journal. The Company also announced that its foundational research on generator-enhanced optimization (GEO) was published in the esteemed Nature Communications.

Cao concluded, Having research published in premier and highly esteemed research journals like PRX Quantum and Nature Communications demonstrates the quality of our research team, the capabilities of our platform, and the role Zapata AI will play in advancing the cutting edge at the intersection of AI and quantum in a scientifically rigorous manner. Our mission to solve the most complex problems industries face, and we will not stop until we do so.

About Zapata AI

Zapata AI is an Industrial Generative AI company, revolutionizing how enterprises solve complex operational challenges with its powerful suite of generative AI software applications and cutting-edge reference architecture. By combining numerical and text-based generative AI models and custom software applications to power industrial-scale solutions, Zapata AI enables enterprises and government entities to drive growth, cost savings through operational efficiencies, and critical operational insights. With its proprietary data science and engineering techniques, and the Orquestra platform, Zapata AI is accelerating Generative AIs impact across industries by delivering solutions which are higher performing, less costly, and more accurate and expressive than current, classical approaches to AI. The Company was founded in 2017 and is headquartered in Boston, Massachusetts.

Forward Looking Statements Certain statements made herein are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as believe, may, will, intend, expect, should, would, plan, predict, potential, seem, seek, future, outlook, and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding future events and other statements that are not historical facts. These statements are based on the current expectations of Zapata AIs management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. These statements are subject to a number of risks and uncertainties regarding Zapata AIs business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, Zapata AIs ability to attract new customers, retain existing customers, and grow; competition in the generative AI industry; Zapata AIs ability to raise additional capital on non-dilutive terms or at all; Zapata AIs failure to maintain and enhance awareness of its brand; and the risks and uncertainties discussed in the Companys filings with the Securities and Exchange Commission (including those described in the Risk Factors section in the Companys Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q).

While Zapata AI may elect to update these forward-looking statements at some point in the future, Zapata AI specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Zapata AIs assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Contacts: Media: press@zapata.ai Investors: investors@zapata.ai

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Zapata AI Publishes Novel Research in PRX Quantum on the Future Potential of Quantum Computing - GlobeNewswire