#d-wave Tech News.
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D-Wave CEO Dr. Alan Baratz outlined the company's quantum computing roadmap and progress in enterprise adoption. The discussion covered practical applications and the current state of quantum technology in business environments.
The U.S. government will take equity stakes in Rigetti Computing and D-Wave Quantum, each receiving up to $100 million. The investment supports quantum computing R&D and national security. Rigetti faces accuracy challenges with its superconducting technique, while D-Wave also receives funding for advancement.
D-Wave Quantum shares dropped 8.9% on Tuesday, closing at $23.52 amid broader market declines. The S&P 500 fell 0.3% and the Nasdaq Composite fell 1%. The stock had been down as much as 13.5% earlier in the session. D-Wave now has a market capitalization of $8.8 billion and trades at 207 times expected sales.
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