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D-Wave Quantum agrees to acquire Quantum Circuits for $550 million to boost gate-model development

D-Wave Quantum announced Wednesday that it has struck a deal to purchase Quantum Circuits for $550 million, as the annealing-centric quantum computing company continues its push to bolster its gate-model capabilities.The company said that $300 million will be paid in D-Wave stock, with the remainder in cash.D-Wave is the major player in annealing quantum computing, an approach that solves more specialized optimization problems. Gate-based quantum computers, which aim to address even more complex...

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