The Stock2Me Podcast is your source for the latest news and updates on market trends and movers in high-profile industry sectors. We’ll keep you in the loop regarding the companies on our watchlist and provide in-depth information about the inner workings and eccentricities of the ever-evolving North American markets. https://www.stock2me.com
Thursday Jan 25, 2024
Thursday Jan 25, 2024
Stock2Me’s latest podcast features Dr. Alan Baratz, CEO of D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software and services that delivers customer value via practical quantum applications for computationally complex problems such as factory planning, resource allocation, job shop scheduling, labor allocation, vehicle routing, artificial intelligence, drug discovery, financial modeling and more.
During the interview, Dr. Baratz discussed his journey to becoming the CEO of D-Wave, provided an introduction to quantum computing and offered perspectives on D-Wave’s leadership in driving the commercial adoption of this emerging technology.
“Quantum computing is nothing more than using quantum mechanical effects – things like superposition, entanglement or tunneling – to solve computationally hard problems faster or better than they can be solved using classical computers. Quantum computing can be applied to both revolutionary applications, like developing designer drugs or global weather modeling, and evolutionary applications, like improving employee scheduling or autonomous vehicle routing on manufacturing plant floors. These evolutionary applications are problems that businesses are solving today; it's just that they're computationally so hard that businesses are using heuristics to try to come up with what they hope are ‘good enough’ solutions. With quantum computing, we're able to deliver better solutions faster to those problems.”
“Quantum computing is crossing the chasm right now, from experimentation to enterprise usage. At D-Wave, we took a different approach to quantum computing from everybody else in the industry; we decided to start with annealing quantum computing. Annealing is a much easier technology to work with, it's easier to scale and much less sensitive to errors. That has allowed us to become commercial today. D-Wave is actually driving adoption in the market with real customers who have applications in production today, helping to benefit their business operations. Nobody else in the quantum industry can say that.”