D-Wave Quantum shares soar 20% as company releases latest computing system

D-Wave Quantum 's latest quantum computing system has hit the market, the company said Tuesday. Shares popped more than 18%. The quantum computer, known as Advantage2, marks the sixth iteration from the company and its most advance system, D-Wave said. "It's an engineering marvel, with substantial technical advancements that highlight D-Wave's progress in scaling quantum technology to meet industry demands for growing computational processing power while maintaining energy efficiency," said CEO Alan Baratz in a press release. Quantum computing companies promising to solve intricate computing tasks unachievable by regular computers have garnered the attention of investors since Google debuted its latest quantum computing chip known as "Willow" in December. Microsoft launched its first quantum chip earlier this year. Despite strides in quantum experts have cast some doubt over how soon quantum applications can hit the market. Nvidia CEO Jensen Huang in January said that 15 years was ... Read full article.