Mentioned:
D-Wave Quantum and AT&T are partnering up. And together they’re aiming to leverage quantum computing technology to solve complex optimization problems.
What’s happening:
- D-Wave Quantum (NASDAQ: QBTS) and AT&T (NYSE: T) have formed a new partnership to expand AT&T’s use of D-Wave Quantum’s annealing quantum computing technology to solve complex optimization challenges throughout AT&T’s network operations
Why it matters:
- This is the first time D-Wave Quantum has struck a deal with a major cellular network company in the United States
Going deeper:
- AT&T will integrate D-Wave Quantum’s annealing quantum computing technology into their artificial intelligence software that is being used to detect outages and reduce customer downtime
- D-Wave Quantum and AT&T have both publicly stated that in initial applications D-Wave’s annealing quantum computing technology successfully reduced the processing time for a network optimization workload from roughly one hour to less than 15 seconds
The intrigue:
- The United States Department of Commerce previously committed $100M USD in grant funding to D-Wave Quantum to accelerate the development of their quantum computing systems and scale up their quantum computing hardware
The fine print:
- It has not yet been publicly disclosed what AT&T will pay to use D-Wave Quantum’s technology
