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 …
"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.
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...
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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