D-Wave wins up to $100M from US to build quantum systems

D-Wave Quantum will receive up to $100 million from the U.S. Department of Commerce through the CHIPS and Science Act to fund advancements in both its quantum annealing and gate-model technologies; the company states it is the only company developing both types of quantum computing platforms. The funding will support development of a 100,000-qubit annealing system intended for applications ranging from optimization to artificial intelligence, alongside a 10,000-qubit gate-model system designed to achieve 100 logical qubits capable of over one million operations. “We’re grateful to the U.S. government for this award to D-Wave and for the leadership it is demonstrating in advancing quantum innovation,” said Dr. Alan Baratz, CEO of D-Wave. CHIPS Act Funding to Advance D-Wave’s Dual-Platform Technology D-Wave plans to construct a 100,000-qubit annealing system with this funding, specifically targeting applications including optimization problems, advanced materials simulation, and artificial intelligence development. This large qubit count represents a performance goal beyond current capabilities, positioning the company to address increasingly complex computational challenges, D-Wave says. Dr. Alan Baratz, CEO of D-Wave, explained that the Administration has made clear that U.S. quantum leadership requires both breakthrough research and the ability to scale, commercialize, and manufacture these technologies. As a condition of receiving the funds, the Department of Commerce will acquire a minority, non-controlling equity stake in D-Wave, aligning public and private sector interests in quantum technology development. These efforts directly address the CHIPS and Science Act’s objectives by bolstering U.S. technological competitiveness and fostering innovation in a critical field. The Administration has made clear that U.S. quantum leadership will require not only breakthrough research, but also the ability to scale, commercialize and manufacture these technologies. Source: https://www.dwavequantum.com/company/newsroom/press-release/d-wave-finalizes-agreement-with-u-s-department-of-commerce-for-up-to-100-million/ More like thisQuantum Computing Business News$100M CHIPS Act Funding to Scale D-Wave Quantum SystemsQuantum Computing Business NewsD-Wave Buys Quantum Circuits: Annealing & Gate SystemsQuantum CompaniesD-Wave Stock Falls: $100M Market CapQuantum AlgorithmsQuantum Annealing vs Gate Computers ExplainedStay currentSee today’s quantum computing news on Quantum Zeitgeist for the latest breakthroughs in qubits, hardware, algorithms, and industry deals. Tags: Rusty Flint Rusty is a quantum science nerd. He's been into academic science all his life, but spent his formative years doing less academic things. Now he turns his attention to write about his passion, the quantum realm. He loves all things Quantum Physics especially. Rusty likes the more esoteric side of Quantum Computing and the Quantum world. Everything from Quantum Entanglement to Quantum Physics. Rusty thinks that we are in the 1950s quantum equivalent of the classical computing world. While other quantum journalists focus on IBM's latest chip or which startup just raised $50 million, Rusty's over here writing 3,000-word deep dives on whether quantum entanglement might explain why you sometimes think about someone right before they text you. (Spoiler: it doesn't, but the exploration is fascinating) Latest Posts by Rusty Flint: 26 days to break Bitcoin? IonQ publishes a detailed quantum plan September 8, 2026 IonQ Superion 256 platform aims for quantum chip manufacturing at scale September 8, 2026 NVIDIA’s Vera Rubin delivers 30x more AI work per megawatt September 8, 2026