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The D-Wave 2X quantum system, is operated at the NASA Advanced Supercomputing facility's Quantum Artificial Intelligence Laboratory at NASA's Ames Research Center in Mountain View, Calif., as seen on Tuesday December 8, 2015.
The D-Wave 2X quantum system at the NASA Advanced Supercomputing facility (Michael Macor/Getty Images)

Unpacking the science behind the “quantum supremacy” breakthrough

It’s like the “Bourne Supremacy,” but for fancy computers.

When assessing the commercial viability of quantum computing, one of the basic things to answer is, “What can you do that a classical computer can’t?”

Most attempts to establish this so-called “quantum supremacy” have revolved around simply trying to out-compute classical computers, without much regard for whether the end product of that compute has any utility or not.

Which leads to the second question: “Well, can you do anything a classical computer can’t that could make or save me money right now?”

On March 12, D-Wave Quantum claimed the company had answered both these questions in the affirmative based on a peer-reviewed paper published in the journal Science.

That announcement, along with a very encouraging set of quarterly results, caused the stock to double in just three sessions.

But with all due respect to the authors, the report is completely inscrutable to those of us whose science education never included physics to begin with and ended with chemistry in 11th grade. Even the journalist failsafe of “read the abstract, read the conclusion, and you’ll kind of know what’s going on” is rendered completely useless when the abstract contains such phrases as “area-law scaling of entanglement in the model quench dynamics” and “stretched-exponential scaling of effort.”

When we recently spoke with D-Wave Quantum CEO Dr. Alan Baratz, one of the first things we asked was what the heck all this actually meant. Basically, quantum computers were able to identify what types of materials can make a good sensor and how to make them the most sensitive sensors they can be. Heres his longer explanation (emphasis added):

“Essentially what weve done is we have computed several different properties of magnetic materials. But to put a little bit finer point on that, what we are looking at is how these materials behave when they get close to whats known as a phase transition.

OK, so whats a phase transition? Thats like water freezing. Thats a phase transition. Or water boiling, and a gas is created. Well, magnetic materials also go through a phase transition, but that phase transition occurs not as a result of temperature changes necessarily, but as a result of putting them inside a magnetic field. Youve got a magnetic material that you put inside a magnetic field, and depending on the actual structure and strength of that magnetic field, that magnetic material may go through a quantum phase transition. Now the reason why the phase transitions are so important in magnetic materials is because a lot of times magnetic materials are used as sensors, like in an MRI. And what we know is that if the magnetic material is close to its phase transition point, it becomes a much more sensitive sensor. It can detect more and smaller properties, or more faint properties. So what you want to do for any magnetic material, youd like to understand where its phase transition point is and youd like to understand its sensitivity as it gets close to that point, because that will help you identify materials that are good sensors and help you determine how you should operate those materials, what kind of a magnetic environment you should place them in as youre using them as a sensor.

So thats essentially what weve done. Weve demonstrated that you can take a variety of different types of magnetic materials, you can put them in a magnetic field, to get them right to their phase transition point. You can find out what that phase transition point is, and you can find out their sensitivity at that phase transition point. And thats a really important set of properties to understand as youre thinking about using these materials as sensors. Now, the upshot of all of this is that you can investigate new kinds of materials that have never been created before and determine if they make good sensors before you actually go try to fabricate them. So you can identify new types of materials much faster.”

A little more, from the company’s press release on this breakthrough:

“Magnetic materials simulations, like those conducted in this work, use computer models to study how tiny particles not visible to the human eye react to external factors. Magnetic materials are widely used in medical imaging, electronics, superconductors, electrical networks, sensors, and motors...

Materials discovery is a computationally complex, energy-intensive and expensive task. Today’s supercomputers and high-performance computing (HPC) centers, which are built with tens of thousands of GPUs, do not always have the computational processing power to conduct complex materials simulations in a timely or energy-efficient manner.”

When asked how this was different from what Alphabet was able to pull off last December with its Willow chip, Baratz replied (emphasis added):

“The problem that they address with Willow is called random circuit sampling. So basically what you do is you take a quantum computer and you have it perform a random set of computations that have no value whatsoever. Nobody can do anything useful with this random sequence of computations, but you have it perform a random sequence of computation. And then you see if a classical computer could do the same thing. And what you find is that because these random computations are quantum mechanical computations, its very hard for classical computers to simulate them.

Right. But thats all theyve done. Theyve built a quantum system. Theyve had it perform a random sequence of quantum computations, and then they ask, how hard would it be for a classical computer to simulate that? And the answer is, it will be very hard. Now, what is important about Willow — because it was an important breakthrough — is that Google tried to do this in 2019 and they claimed quantum supremacy back then on this totally worthless problem. Interesting, but worthless. OK. The problem is shortly after that, it was shown that you actually could perform that computation classically.

Why? Because the Google system was so error-prone that you could only do relatively few of these computations before you got errors. So I think the circuit depth, or the number of computations you could do, is like 22 or 23, something like that. What Willow did was it added some partial error correction to the system. And what they showed is that with partial error correction, they could do a longer sequence of these random computations and that longer sequence could not be simulated classically. So there were two important things that came out of Willow. One: it is a demonstration that actually, you can do some partial error correction. Namely, theres a first demonstration of error correction on a quantum computer. Its small, its partial, but its a step forward. Two is that when you do that partial error correction, you can run longer computations before you get errors, and long enough that classical probably cannot simulate it.

So that’s what Willow did. What we did is something very different. We’re not doing random anything. We are taking a real-world problem and basically performing the computation for that problem, which would be effectively impossible for a classical computer to perform. And those two are very different.”


If that didn’t help, maybe this will:

Beyond-classical computation in quantum simmulation
Source: Science

Yeah, totally clears it up.

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Satellite stocks surge on “sovereign space” plans

Planet Labs is on pace to notch its second 10% gain of the month early Tuesday afternoon, adding to its astronomical run of more than 500% over the last 12 months.

Wedbush tech analyst Dan Ives hiked his price target for the stock to $30 from $28 after hosting a series of meetings with the company and investors in California. Ives writes:

[Planet Labs] is seeing massive success through its improved GTM selling motion as the company is providing mission-critical use cases for a wide array of government applications with defense & intelligence, with more international agencies seeing the value in PL’s satellite fleet for situational and maritime domain awareness in real-time as the company is benefitting from increasing defense budgets and the urgent need for international countries to reduce its reliance on the US.

That commentary is consistent with recent news reports that the German military is planning to build what the Financial Times calls the “the equivalent of Elon Musk’s internet service for the German armed forces.”

A separate report in the Wall Street Journal Monday said “spending on space-related projects is expected to rise in many countries, giving companies new opportunities to sell their wares and services.”

Behind this push, in part, is the fact that the roughly 80-year-old NATO alliance is is under unprecedented strain due to, among other things, President Trump’s fixation on somehow acquiring the Danish territory of Greenland.

Other space plays seem to be benefiting from similar dynamics, with Rocket Lab and AST SpaceMobile both up solidly on the day.

[Planet Labs] is seeing massive success through its improved GTM selling motion as the company is providing mission-critical use cases for a wide array of government applications with defense & intelligence, with more international agencies seeing the value in PL’s satellite fleet for situational and maritime domain awareness in real-time as the company is benefitting from increasing defense budgets and the urgent need for international countries to reduce its reliance on the US.

That commentary is consistent with recent news reports that the German military is planning to build what the Financial Times calls the “the equivalent of Elon Musk’s internet service for the German armed forces.”

A separate report in the Wall Street Journal Monday said “spending on space-related projects is expected to rise in many countries, giving companies new opportunities to sell their wares and services.”

Behind this push, in part, is the fact that the roughly 80-year-old NATO alliance is is under unprecedented strain due to, among other things, President Trump’s fixation on somehow acquiring the Danish territory of Greenland.

Other space plays seem to be benefiting from similar dynamics, with Rocket Lab and AST SpaceMobile both up solidly on the day.

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Corning-Meta deal reignites optical connections trade

Corning’s $6 billion deal with Meta to provide fiber-optic cable connections for its AI data centers is reigniting an AI-related trade that’s been stalled out over the last month.

Fellow opto-electrical makers of plugs, cables, and various doodads needed to connect data center servers — such as Amphenol, Coherent , and Lumentum — are also soaring Tuesday.

Such stocks ripped in the second half of 2025 before the rally sputtered out in the first half of December. But the amount of money Meta plans to shower on Corning has clearly cheered up competitors — and investors — in the space today.

Such stocks ripped in the second half of 2025 before the rally sputtered out in the first half of December. But the amount of money Meta plans to shower on Corning has clearly cheered up competitors — and investors — in the space today.

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Richtech Robotics soars after announcing partnership with Microsoft to use AI to improve its robots

Shares Richtech Robotics are surging in premarket trading after the company announced “a hands-on collaboration with Microsoft through the Microsoft AI Co-Innovation Labs to jointly develop and deploy agentic artificial intelligence capabilities in real-world robotic systems.”

Per the press release, the two companies worked together to imbue Richtech’s flagship ADAM robot with “additional layers of context awareness” to “support smoother workflows and more responsive customer interactions in retail environments.”

Apropos of nothing, here’s an ADAM robot serving Nvidia CEO Jensen Huang a margarita:

Richtech was one of many robotics and vaguely robotics companies that caught a massive bid in early December after Politico reported that the Commerce Department was poised to go “all in” to support the industry. To date, there's been no evidence of such a plan, but that hasn’t stopped robotics stocks from having a phenomenal start to 2026. The Themes Humanoid Robotics ETF, which counts Richtech as one of its members, gained nearly 50% year-to-date through Thursday’s close, though it has since come off the boil.

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Boeing posts its second straight quarter of positive free cash flow, revenue beats estimates

Boeing reported its fourth-quarter and full-year earnings before the market opened on Tuesday.

Boeing posted adjusted earnings of $9.92 per share, compared to the $0.44 loss per share expected by Wall Street analysts polled by FactSet. Those earnings, however, aren’t comparable to estimates because they reflect a massive gain from the close of Boeing’s sale of its digital aviation assets, which the company said boosted overall earnings by $11.83 per share.

The plane maker generated $375 million in free cash flow, its second straight quarter of positive FCF following six consecutive quarters of negative results. Wall Street expected $207 million.

Boeing last year saw significant recovery from its bleak 2024, improving its commercial deliveries by 72%. The company logged nearly 1,200 plane orders in 2025, outselling European rival Airbus for the first time since 2018. Boeing’s revenue climbed 57% in the fourth quarter to $23.95 billion, beating estimates of $22.6 billion. Its total backlog grew to $682 billion.

In October, US regulators approved an increase to the monthly cap on 737 production from 38 to 42 planes.

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