Shares of D-Wave Quantum Inc. (NYSE:QBTS) increased by 3.7% following the company’s announcement of a new suite of tools designed to help developers explore and accelerate advancements in quantum artificial intelligence (AI) and machine learning (ML).
The pioneer in quantum computing unveiled an open-source quantum AI toolkit and demonstration that allows developers to seamlessly incorporate quantum computing into contemporary ML frameworks. This toolkit, part of D-Wave’s Ocean software collection, facilitates direct integration between D-Wave’s quantum systems and PyTorch, a leading ML platform widely used for creating and training deep learning models.
Included in the toolkit is a PyTorch neural network module that leverages quantum computers to build and train restricted Boltzmann machine (RBM) models, which have applications in generative AI tasks like image recognition and drug discovery. The initiative aims to tackle computational hurdles in AI model training by enabling easier experimentation with quantum computing.
“With this new toolkit and demo, D-Wave is enabling developers to build architectures that integrate our annealing quantum processors into a growing set of ML models,” said Dr. Trevor Lanting, chief development officer at D-Wave.
The company is collaborating with clients on exploratory quantum AI projects, including Japan Tobacco Inc. (TYO:2914), Jülich Supercomputing Centre, and TRIUMF, Canada’s particle accelerator laboratory. These partnerships have yielded encouraging outcomes in drug discovery and particle physics simulation.
Benchmark analyst David Williams reaffirmed a Buy rating and set a $20 price target on D-Wave Quantum. He remarked, “We maintain our Buy rating and $20 PT following our fireside chat and investor Q&A with D-Wave’s CEO, Alan Baratz, and CFO, John Markovich and come away with increased confidence in the company’s continued technology roadmap execution and improving traction in its go to market strategy, which is driving adoption of the firm’s annealing architecture.”
This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.