.@jimcramer@madmoneyoncnbc “I want you to own D-Wave.” Enough said. $QBTS
Lightning Round: I want you to own D-Wave Quantum, says Jim Cramer
https://t.co/Y3mpgJVdYx
@jimcramer@madmoneyoncnbc “I want you to own D-Wave.” Enough said. $QBTS
Lightning Round: I want you to own D-Wave Quantum, says Jim Cramer https://t.co/Y3mpgJVdYx
Quantum Supremacy: An Entangled Tale of Two Paths
This watershed moment — when a quantum computer outperforms all classical computers by an insurmountable margin — surfaced in this week’s WSJ: D-Wave’s “latest machine can compute quantities in minutes that would take the world’s most powerful supercomputer millions of years. ‘Of all the computational supremacy claims so far,’ of quantum compared with conventional computers, ‘this one is actually the strongest,’ says Daniel Lidar, director of the USC Center for Quantum Information Science & Technology.”
There have been some earlier weak claims by research groups to have achieved supremacy, but their application domains have been utterly useless and ungeneralizable, like using a quantum computer to just simulate itself.
So, the recent paper by D-Wave Systems entitled “Computational Supremacy in Quantum Simulation” might have been ignored at first. I invested in D-Wave 21 years ago, and have seen them keep at it, a bit of a black swan in the quantum computing community, with an architecture unlike the others.
All of the other quantum computer companies are pursuing a “gate model” quantum computer, and they have raised billions of dollars of funding (over $2B in 2022 alone). But so far, they have no commercial application. All of their revenue is for basic research and one-off studies of what’s possible. They have great potential, if they can scale, for a variety of applications, including cracking encryption. Hence the government interest and funding.
In contrast to the gate model, D-Wave builds “quantum annealers”. You can think of it as an application-specific processor (like an NVIDIA GPU) versus a general computer (like a PC but programmed by brilliant quantum physicists). D-Wave is not useful for cracking encryption. It does one thing very well – discrete optimization. This may sound esoteric, but it maps to many real-world applications, from route optimization to AI training to quantum chemistry of magnetic materials. And the application domains for the two types of quantum computing may not overlap; experimental and theoretical work concludes that gate model quantum computers will not be useful for optimization, just as quantum annealers are not good at tasks well suited for gate model machines.
Meanwhile from D-Wave’s latest paper:
“We assess approximate methods based on tensor networks and neural networks and conclude that no known approach can achieve the same accuracy as the quantum annealer within a reasonable timeframe. Thus, quantum annealers can answer questions of practical importance that classical computers cannot."
"Extrapolation beyond the simulable scale to a few hundred qubits, far below the maximum experimental scale [of D-Wave], indicates a hypothetical runtime on the Frontier supercomputer surpassing millions of years with infeasible memory and energy requirements.”
• D-Wave’s paper, currently in a peer-review process:
https://t.co/clGhSntej9
• WSJ: https://t.co/whqkAWkVTr
• IBM’s frustration with optimization: https://t.co/hKQoKHuC8Z
• QC funding: https://t.co/0RSe7zZlo1
Thrilled to announce we closed an $80 million funding round AND welcomed two highly distinguished leaders - @PennyPritzker and @Karynsf - to our board! Thank you to our customers, partners, and #IcertisProud family for always supporting us. https://t.co/nCftGwJ6nE
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Excited to add more senior talent to our growing team. Read about it in today’s @PRWeek, and welcome @RedClayHound and @destad! https://t.co/59KpWaSvLL
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Three months after our merger, we’re proud to report strong performance in Q2! Thank you to our clients for trusting us with their business, and to our colleagues for delivering great work. https://t.co/lctAJ08xLV
Two powerhouse players taking on even greater challenges. Congratulations to @andypolansky, on his new role as Chairman and CEO of Constituency Management Group and to Gail Heimann, on her promotion to #WeberShandwick CEO. We can’t wait to see what they do next! #webersolves
These people aren't real. They were made by machine learning algorithms for a game that pairs counterfeit pics with real ones. Unnerved? You should be: https://t.co/qBndDQUHza
📸: Carl Bergstrom and Jevin West/University of Washington; Philip Wang/thispersondoesnotexist[dot]com
No shortage of #CannesLion shortlist nods for The Gun
Violence History Book! Proud of our work with @fcbchi and #client Illinois Council Against Handgun Violence @NoGunViolence https://t.co/5t1mWIOmaM
Businesses understand the value of emotional intelligence. But far too many aren’t prioritizing cultural intelligence, argues diversity and inclusion strategist Stacey Gordon https://t.co/30LNs5c1Zr