D-Wave acquires Quantum Circuits in $550 million quantum tech deal

D-Wave acquires Quantum Circuits in $550 million quantum tech deal

D-Wave Quantum said it will acquire Quantum Circuits in a $550 million deal made up of $300 million in stock and $250 million in cash. By combining D-Wave annealing systems with Quantum Circuits error-corrected superconducting gate-model tech, the companies aim to accelerate progress toward fully fault-tolerant, scalable quantum computers.

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