D-Wave Quantum Extends Collaboration With Aramco

MT Newswires Live06-06

D-Wave Quantum (QBTS) said Thursday that it has extended its agreement with Aramco to use quantum technologies for handling geophysical optimization challenges.

The Aramco research center in Delft, Netherlands, has created subsurface maps with support from D-Wave and aims to process a terabyte of seismic data with the D-Wave quantum computer this year, according to D-Wave. Aramco's researchers developed their own hybrid classical-quantum geophysical applications through the Leap quantum cloud service, D-Wave added.

Shares of D-Wave Quantum fell about 5.5% in recent trading activity.

Price: 1.21, Change: -0.07, Percent Change: -5.47

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