Partnership brings together powerful generative
AI and quantum computing technologies focused on building
applications for accelerating new discoveries and solving complex
optimization problems
D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum
computing systems, software, and services and the world’s first
commercial supplier of quantum computers, and Zapata Computing,
Inc. (operating as Zapata AI), the Industrial Generative AI
software company that develops solutions and applications to solve
enterprises’ difficult, industrial-scale problems, have announced a
multi-year strategic partnership to develop and bring to market
commercial applications that combine the power of generative AI and
quantum computing technologies.
The partnership centers on joint technical development and
commercial deployment of applications for customers faced with
computationally complex problems. Using quantum-enabled machine
learning algorithms, these applications will leverage the power of
D-Wave’s quantum technologies, which have been proven to perform
coherent quantum annealing with 5,000+ qubits, pushing beyond the
boundaries of what is possible with today’s classical computers.
The results of this collaboration will initially focus on building
quantum generative AI models that accelerate the discovery of new
molecules.
Bringing together the deep technical expertise of two industry
leaders in quantum computing and generative AI, this collaboration
gives Zapata AI access to D-Wave’s powerful Advantage™ annealing
quantum computing systems, quantum-hybrid solvers, and development
resources. The companies anticipate this joint effort will
accelerate commercial application development as well as provide
the production access and resources to take these applications to
Zapata’s customers. The collaboration also supports joint
go-to-market efforts that will include the exclusive availability
of the commercial applications via a solver hosted in D-Wave’s
Leap™ real-time quantum cloud service.
“We’re thrilled to work with our long-time partner D-Wave to
bring together the power of our generative AI software with
D-Wave’s annealing quantum computing technologies to develop
industrial grade machine learning applications,” said Dr.
Christopher Savoie, CEO and co-founder of Zapata AI. “By combining
forces, we are accelerating quantum plus AI development that we
believe will unlock previously unattainable value for
customers.”
“Our agreement with Zapata AI marks a significant step toward
realizing the potential of combining two of today’s most
transformative technologies — generative AI and quantum computing —
to help tackle our society’s most computationally complex
problems,” said Dr. Alan Baratz, CEO of D-Wave. “Our companies
share a common vision — to accelerate exploration, adoption, and
commercial use of emerging technologies to fuel innovation and
transformation. Together, we believe D-Wave and Zapata AI will
usher in the commercial era of quantum machine learning.”
About Zapata AI
Zapata AI is an Industrial Generative AI company,
revolutionizing how enterprises solve complex problems with its
powerful suite of Generative AI software. By combining numerical
and text-based solutions, Zapata AI empowers industrial-scale
commercial, government and military/defense enterprises to leverage
large language models and numerical generative models better,
faster, and more efficiently delivering solutions to drive growth,
savings and unprecedented insight. With proprietary science and
engineering techniques and the Orquestra® platform, Zapata AI is
accelerating Generative AI’s impact in Industry. The Company was
founded in 2017 and is headquartered in Boston, Massachusetts. On
September 6, 2023, Zapata AI entered into a definitive business
combination agreement with Andretti Acquisition Corp. (NYSE:
WNNR).
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 world’s first
commercial supplier of quantum computers—and 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 modelling. D-Wave’s technology has been used by some of
the world’s most advanced organizations including Mastercard,
Deloitte, Davidson Technologies, ArcelorMittal, Siemens
Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd.,
DENSO, Lockheed Martin, Forschungszentrum Jülich, University of
Southern California, and Los Alamos National Laboratory.
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.
Forward-looking statements in this press release include, but are
not limited to, statements regarding the goals and potential
results of the collaboration between D-Wave and Zapata AI; the
joint go-to-market efforts of the parties; the availability of a
potential commercial application; and the potential value
attributable to quantum+AI development. These forward-looking
statements are subject to a number of risks and uncertainties,
including, among others, various factors beyond management’s
control, including unexpected challenges related to collaboration
and/or the commercial application; the risk that the value
attributable to quantum+AI development is not what management
anticipates; general economic conditions and other risks; D-Wave's
ability to expand its customer base and the customer adoption of
its solutions; risks within D-Wave’s industry, including
anticipated trends, growth rates, and challenges for companies
engaged in the business of quantum computing and the markets in
which they operate; the outcome of any legal proceedings that may
be instituted against D-Wave or Zapata AI; risks related to the
performance of the companies’ respective business and the timing of
expected business or financial milestones; unanticipated
technological or project development challenges, including with
respect to the cost and/or timing thereof; the performance of the
companies’ products; the effects of competition on the companies’
businesses; the risk that either company, or both, will need to
raise additional capital to execute its business plan, which may
not be available on acceptable terms or at all; the risk that
neither company may ever achieve or sustain profitability; the risk
that the companies are unable to secure or protect their respective
intellectual property; volatility in the price of D-Wave’s
securities; the risk that D-Wave’s securities will not maintain the
listing on the NYSE; the risk that D-Wave’s restatement of certain
previously issued audited and unaudited financial statements or
material weaknesses in internal controls could negatively affect
investor confidence and raise reputational issues; with respect to
D-Wave, the numerous other factors set forth in D-Wave’s Annual
Report on Form 10-K for its fiscal year ended December 31, 2022 and
other filings with the Securities and Exchange Commission, and with
respect to Zapata AI, those factors discussed in Andretti
Acquisition Corp.’s Form 10-K for the year ended December 31, 2022,
under Risk Factors in Part I, Item 1A, Registration Statement on
Form S-4, as amended, first filed with the SEC on October 27, 2023,
and other documents of Andretti Acquisition Corp. filed, or to be
filed, 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
the companies on the date hereof. Neither D-Wave nor Zapata AI
undertakes any duty to update this information unless required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240208507685/en/
Investor:
Zapata AI investors@zapata.ai
D-Wave Kevin Hunt ir@dwavesys.com
Media:
Zapata AI press@zapata.ai
D-Wave Alex Daigle media@dwavesys.com
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