Not exactly a Quantum of Solace for speculators down 35 - 45% yesterday but then D-Wave's CEO is no Daniel Craig:
On the other hand Mr. Craig isn't an MIT-trained computer science PhD and former Warburg Pincus MD where he crossed paths with Bill Janeway.
From CNBC, January 8:
- Shares of D-Wave Quantum and its peers plunged Wednesday after Nvidia CEO Jensen Huang suggested that quantum computers are decades away.
- D-Wave CEO Alan Baratz told CNBC that Huang is “dead wrong” and that his company has big paying clients today.
- Huang predicted it will be 15 to 30 years before the technology is commercially viable.
D-Wave Quantum CEO Alan Baratz said Nvidia’s Jensen Huang is “dead wrong” about quantum computing after comments from the head of the chip giant spooked Wall Street on Wednesday.
Huang was asked Tuesday about Nvidia’s strategy for quantum computing. He said Nvidia could make conventional chips that are needed alongside quantum computing chips, but that those computers would need 1 million times the number of quantum processing units, called qubits, that they currently have.
Getting “very useful quantum computers” to market could take 15 to 30 years, Huang told analysts.
Huang’s remarks sent stocks in the nascent industry slumping, with D-Wave plunging 36% on Wednesday.
“The reason he’s wrong is that we at D-Wave are commercial today,” Baratz told CNBC’s Deirdre Bosa on “The Exchange.” Baratz said companies including Mastercard and Japan’s NTT Docomo “are using our quantum computers today in production to benefit their business operations.”
“Not 30 years from now, not 20 years from now, not 15 years from now,” Baratz said. “But right now today.”
D-Wave’s revenue is still minimal. Sales in the latest quarter fell 27% to $1.9 million from $2.6 million a year earlier....
....MUCH MORE
We have followed D-Wave more than the other two and for quite a while questioned whether they even had a quantum computer.
Most recently on the group, January 8's "Quantum Stocks Drop as Nvidia CEO Sees Use Years Away" posted at 4:22 AM PST i.e. before the bloodbath really kicked into gear.