Business Context and Reporting Period
This Form 8-K was filed by D-Wave Quantum Inc. on January 9, 2025. The report addresses a Regulation FD disclosure regarding a CNBC interview with CEO Dr. Alan Baratz. The company is an emerging growth company incorporated in Delaware, with principal executive offices in Palo Alto, California.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document focuses solely on a regulatory disclosure regarding management commentary.
Material Changes
No material financial changes or operational updates were reported in this filing. The document serves to clarify public statements made by the CEO regarding the company's technology relative to comments made by NVIDIA CEO Jensen Huang.
Management Commentary and Outlook
- Technology Readiness: CEO Dr. Alan Baratz clarified that while quantum computing solutions mature at different rates, D-Wave's annealing quantum computing solutions are commercially available today.
- Performance Claims: Management stated that D-Wave's systems can solve materials simulation problems in minutes that would take millions of years on the fastest supercomputers (massively parallel GPU computers).
- Market Application: The company asserts its solutions are currently solving real-world problems for businesses, researchers, and governments.
Investor Verification Checklist
- Verify the specific technical benchmarks and problem sets used to support the claim of solving materials simulations in minutes versus millions of years.
- Review the attached press release (Exhibit 99.1) for full context of the CNBC interview.
- Confirm the distinction D-Wave makes between its annealing solutions and other quantum computing approaches mentioned in the interview.
- Note that this filing explicitly states the information is furnished and not "filed" for liability purposes under Section 18 of the Exchange Act.