October 1, 2022

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D-Wave and Mastercard Take Quantum Leap into Potential of Money Products and services

6 min read

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Push Release&#13
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July 18, 2022 | PALO ALTO, Calif. & BURNABY, B.C., Acquire, N.Y.&#13

Corporations sign up for forces to construct progressive quantum computing programs and remodel shopper encounters

D-Wave Programs Inc. (“D-Wave”), a leader in quantum computing programs, application, and expert services, and the only organization creating the two quantum annealing and gate-based quantum pcs, and Mastercard (NYSE: MA) today introduced a multi-year strategic alliance to champion the acceleration and adoption of quantum computing alternatives.

Mastercard and D-Wave will collaborate on the investigation and advancement of quantum-hybrid purposes in locations these types of as consumer loyalty and benefits, cross-border settlement and fraud management. The collaboration will use D-Wave’s annealing quantum computer systems and quantum hybrid solvers by the Leap™ quantum cloud assistance to supply true-time obtain to quantum applications safely and securely run by Mastercard’s network.

“We are heralding in the upcoming wave of computing. Just like the generation of the Computer, the emergence of the world wide web and the proliferation of smartphones and voice assistants, it is our belief that quantum will have considerably-achieving and marketplace-disrupting influence, specifically in the economic expert services sector,” claimed Alan Baratz, CEO of D-Wave. “D-Wave and Mastercard have a shared eyesight of harnessing the electric power of technological innovation to positively influence business enterprise and society. This alliance supports that eyesight by offering quantum innovation that will tackle progressively complex dilemma sets across apps like optimized loyalty packages, fraud management and anti-dollars laundering in economical products and services and, in the end, unlock far more value for clients.”

“People count on hyper-individualized activities. Quantum computing’s distinctive capacity to review enormous quantities of likely combinations can deliver exceptional solutions that will improve effectiveness and offer decision,” stated Ken Moore, Main Innovation Officer at Mastercard. “Our do the job with D-Wave will explore the limitless applications of quantum computing for simple, true-planet monetary products and services applications.”

A video overview of D-Wave and Mastercard’s new alliance can be considered in this article.

Critical Info About the Proposed Transaction involving D-Wave and DPCM Capital, Inc. (“DPCM Capital”) and The place to Come across It:

A comprehensive description of the phrases of the proposed business combination transaction in between D-Wave and DPCM Capital (the “Proposed Transaction”) is presented in a registration assertion on Form S-4, as amended, filed with the SEC by D-Wave Quantum Inc. that features a prospectus with respect to the merged company’s securities, to be issued in link with the Proposed Transaction and a proxy statement with respect to the stockholder conference of DPCM Money to vote on the Proposed Transaction. D-Wave Quantum Inc. and DPCM Cash urge traders, stockholders, and other fascinated persons to read the proxy statement/ prospectus, as nicely as other files filed with the SEC, simply because these files consist of crucial data about D-Wave Quantum Inc., DPCM Funds, D-Wave, and the Proposed Transaction. DPCM Money commenced mailing the definitive proxy assertion/prospectus to its stockholders on or about July 13, 2022 in relationship with the transaction. Stockholders also could receive a copy of the registration statement on Kind S-4, as amended—including the proxy assertion/prospectus and other paperwork filed with the SEC without the need of charge—by directing a request to: D-Wave Quantum Inc., 3033 Beta Avenue, Burnaby, BC V5G 4M9 Canada, or through e-mail at [email protected] and DPCM Funds, 382 NE 191 Avenue, #24148, Miami, Florida 33179, or through e-mail at [email protected] The definitive proxy assertion/prospectus included in the registration assertion, can also be attained, with out demand, at the SEC’s web-site (www.sec.gov).

Ahead-Hunting Statements 

This press launch has forward-wanting statements that are based mostly on beliefs and assumptions, and on information at the moment obtainable. In some circumstances, you can identify ahead-wanting statements by the pursuing text: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” or the damaging of these phrases or other similar terminology, even though not all forward-wanting statements comprise these words. These statements include challenges, uncertainties, and other things that may well lead to actual benefits, stages of exercise, effectiveness, or achievements to be materially different from the information and facts expressed or implied by these ahead-looking statements. We warning you that these statements are dependent on a combination of points and factors at the moment regarded by us and our projections of the future, which are matter to a quantity of challenges. Ahead-hunting statements in this push release include, but are not constrained to, statements relating to the expected benefits of the collaboration with Mastercard and the enhanced adoption of quantum computing methods and enlargement of relevant use circumstances. We are unable to assure you that the forward-on the lookout statements in this press release will establish to be correct. These ahead-searching statements are subject to a variety of risks and uncertainties, which include, amongst other individuals, numerous things further than management’s command, together with dangers relating to basic financial problems, challenges relating to the immaturity of the quantum computing current market and other dangers, uncertainties and variables set forth in the sections entitled “Risk Factors” and “Cautionary Observe Regarding Forward-Looking Statements” in DPCM Capital’s Annual Report on Form 10-K, as amended, at first submitted with the SEC on March 31, 2021, and in the proxy assertion/prospectus submitted by D-Wave Quantum Inc. in connection with the Proposed Transaction, and other filings with the SEC. Additionally, if the forward-wanting statements show to be inaccurate, the inaccuracy may be substance. In addition, you are cautioned that earlier overall performance may perhaps not be indicative of upcoming outcomes. In light of the sizeable uncertainties in these forward-seeking statements, you ought to not depend on these statements in earning an investment decision final decision or regard these statements as a representation or warranty by any individual that D-Wave Quantum Inc., DPCM Funds, or D-Wave will accomplish our goals and programs in any specified time body, or at all. The forward-hunting statements in this push release characterize our views as of the date of this push release. We anticipate that subsequent occasions and developments will induce our views to improve. Nevertheless, while we could elect to update these forward-searching statements at some point in the foreseeable future, we have no recent intention of accomplishing so other than to the extent required by relevant legislation. You need to, therefore, not rely on these ahead-looking statements as representing our sights as of any date subsequent to the day of this press release.

No Present or Solicitation

This interaction is for informational uses only and does not constitute an supply or invitation for the sale or invest in of securities, property, or the company described herein or a commitment to D-Wave Quantum Inc., DPCM Funds, or D-Wave, nor is it a solicitation of any vote, consent, or acceptance in any jurisdiction pursuant to or in link with the Proposed Transaction or if not, nor shall there be any sale, issuance, or transfer of securities in any jurisdiction in contravention of relevant regulation.

Individuals in Solicitation

D-Wave Quantum Inc., DPCM Money, and D-Wave, and their respective directors and govt officers, may be deemed participants in the solicitation of proxies of DPCM Capital’s stockholders in regard of the Proposed Transaction. Information and facts about the directors and govt officers of DPCM Money is established forth in DPCM Capital’s filings with the SEC. Information about the directors and govt officers of D-Wave Quantum Inc. and more comprehensive facts regarding the id of all opportunity individuals, and their immediate and oblique interests by safety holdings or in any other case, is established forth in the definitive proxy statement/prospectus for the Proposed Transaction. Extra info relating to the identification of all likely participants in the solicitation of proxies to DPCM Capital’s stockholders in connection with the Proposed Transaction and other issues to be voted on at the special assembly, and their direct and oblique passions, by protection holdings or or else, is involved in the definitive proxy statement/prospectus.

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