Agreement designed to foster collaboration and usage of quantum computing solutions for optimization and AI applications
PALO ALTO, Calif. & CALGARY, Alberta
D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers, and Staque, a leading consulting and development practice in AI, blockchain and quantum computing, announced a new strategic partnership aimed at accelerating the commercial adoption of annealing quantum computing across the Middle East. The partnership was revealed at Qubits UAE in Dubai, a half-day version of D-Wave’s annual Qubits user conference, which is showcasing “success powered by quantum” through business optimization use cases, progress in quantum-fueled AI technology, and demonstrations of annealing quantum computing performance over classical computing.
Together, D-Wave and Staque will focus on helping customers develop and deploy quantum and hybrid quantum applications designed to address enterprise optimization and AI problems. The companies plan to use D-Wave’s quantum computers and hybrid solvers, accessible through D-Wave’s Leap™ quantum cloud service, to explore quantum applications that address complex challenges facing today’s organizations, including supply chain management, utility grid optimization, portfolio optimization and port optimization, just to name a few.
The partnership comes as countries in the Middle East are focused on diversifying economic sources away from oil production and exports, expanding into areas such as logistics, financial services and advanced technology, according to the International Monetary Fund.
“Our team is dedicated to pushing boundaries, embracing new challenges, and creating impactful solutions that drive our customers’ success,” said Dr. Muhammad Khan, CEO and founder of Staque. “By partnering with D-Wave, the world’s first commercial quantum computing company, we’re able to bring incredible computational processing power to bear for our clients, with the intention of helping them take advantage of advanced technology solutions that can drive their businesses forward.”
“We believe organizations must embrace today’s advanced technologies such as quantum computing and AI in order to succeed in today’s highly competitive and complex environment,” said Lorenzo Martinelli, chief revenue officer at D-Wave. “Staque recognizes the transformative impact that annealing quantum computing could have on its customers, and our shared commitment to redefining what’s possible with technology makes this partnership very exciting.”
