• During the CES 2025 conference, Nvidia CEO Jensen Huang stated that practical quantum computers are likely 15 to 30 years away, suggesting a longer timeline for the technology's maturity.

• Market Impact: Following Huang's comments, shares of quantum computing companies such as IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing Inc. experienced sharp declines, with some stocks dropping by up to 50%.

• Investor Sentiment: The remarks have prompted a reassessment among investors regarding the near-term viability and profitability of quantum computing ventures.

• First-Ever System Sale: Contributing to this growth is the company's inaugural sale of an on-premise Advantage™ quantum computing system, featuring over 5,000 qubits and 15-way connectivity. This sale signifies a significant expansion of D-Wave's revenue model, offering customers complete access to the quantum computer for enhanced integration and customization.

• Diversified Revenue Streams: The on-premise system sale complements D-Wave's existing Quantum Computing as a Service (QCaaS) offerings, broadening its go-to-market strategy to meet the diverse needs of research centers, academic institutions, and businesses seeking competitive differentiation through quantum technology.

• Strengthened Financial Position: D-Wave reports a record cash position of approximately $178 million at the end of fiscal year 2024, providing a solid foundation for continued innovation and market expansion.

• Facility Overview: AALI will span two sites in Dongguan and Xi’an, featuring 10 beamlines and 22 research terminals, covering wavelengths from extreme ultraviolet to terahertz.

• Technological Significance: Attosecond lasers, emitting pulses lasting one-quintillionth of a second, enable unprecedented observation of electron dynamics within atoms and molecules.

• Research Applications: The facility is expected to drive advancements in various fields, including quantum computing, materials science, and biomedicine, by providing insights into fundamental electronic processes.

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