back to article Quantum systems maker D-Wave takes the SPAC route

Quantum computing pioneer D-Wave Systems has completed its planned merger with DPCM Capital, taking the company public on the New York Stock Exchange. D-Wave announced its intention to merge with DPCM Capital, a SPAC or special purpose acquisition company, earlier this year in a deal that would make it a publicly quoted …

  1. Doctor Syntax Silver badge

    "D-Wave was hoping ... the merger .. would grant it access to a trust account worth $300 million... but ... the SPAC's shareholders had in fact exercised those rights and redeemed $291 million worth of shares."

    They should have realised that you don't know what you get until you open the box.

    1. DwarfPants

      Very good, I see what you did there. The best cat Icon I can manage

    2. JimboSmith Silver badge

      They should have realised that you don't know what you get until you open the box.

      Schrödinger's loot box?

  2. nautica Silver badge

    Next up: a Superstring Computer for you to invest in.

    Maybe a previous El Reg article can put things in perspective:

    "You're not wrong. The scope for quantum computers remains small

    Perhaps a [Quantum Computer] can help us work out why we'd want a QC"

    Bruce Davie Thu 21 Jul 2022 // 09:29 UTC ---

    "...There is still a huge amount of work to be done both in building practical quantum computers and in figuring out what they are actually good for...

    1. Flocke Kroes Silver badge

      Re: what they are actually good for

      Evidently $291M via a SPAC.

  3. Michael Wojcik Silver badge

    "quantum computing" for sufficiently small values of "quantum computing"

    Quantum computing pioneer D-Wave Systems

    Argh. That's like calling Amana an "EM death ray pioneer" for coming out with the Radarange.

    Adiabatic QC (like D-Wave's quantum-annealing systems) is not in any way general QC. It's an analog computer that's useful for solving spin-glass problems with a conventional digital computer wrapped around it.

    And, yes, D-Wave are now poking their noses into general QC, but they're by no means a "pioneer" there. Plenty of other organizations have been working in GQC a lot longer.

    I suppose D-Wave have innovated in the area of QC hype, particularly in getting the media to refer to them as selling "quantum computing" systems.

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