"U.S. quantum computing firm D-Wave Quantum has struck a deal with a company called Swiss Quantum Technology (SQT) to bring D-Wave's Advantage2 quantum computer to Europe. The deal, which amounts to €10 million ($11.63 million), will see D-Wave's quantum computer deployed in Italy, where it will play a role in supporting the Italians' efforts toward large-scale digital transformation, D-Wave announced on Wednesday. It will be part of a joint effort-collectively called the "Q-Alliance"-between D-Wave and IonQ, another American quantum computing company."
"In its announcement Wednesday, D-Wave said little about what SQT does, and scant information about the company is accessible online. A rep for D-Wave described it as "a Swiss company that has been established to focus on quantum hybrid applications and research" when contacted for comment by Fast Company. Shares of Palo Alto, California-based D-Wave rose after the announcement and were up around 1.29% in early-afternoon trading. The stock has had an astounding run since last year, growing more than 4,235% over the last 12 months as excitement around quantum computers- seen by many experts as a transformative technology-has hit fever pitch."
D-Wave has agreed to a €10 million partnership with Swiss Quantum Technology to deploy its Advantage2 quantum computer in Italy. The deployment aims to support Italy's large-scale digital transformation efforts and will be part of a joint initiative called the Q-Alliance with IonQ. Public details about Swiss Quantum Technology are limited, and D-Wave described SQT as focusing on quantum hybrid applications and research. D-Wave shares rose about 1.29% after the announcement, following a roughly 4,235% year-over-year stock surge amid growing excitement about quantum computing. D-Wave previously claimed it achieved quantum supremacy earlier in the year.
Read at Fast Company
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