Google Announces Results From Two Years of Testing on Quantum Computers Made by Harris & Harris Group Portfolio Company, D-Wave Systems
NEW YORK, Dec. 09, 2015 (GLOBE NEWSWIRE) -- Harris & Harris Group, Inc. (NASDAQ:TINY), an investor in transformative companies enabled by disruptive science, notes that yesterday NASA, Google and the Universities Space Research Association (USRA) hosted a tour of the jointly run Quantum Artificial Intelligence Laboratory located at the NASA’s Ames Research Center which houses one of D-Wave’s 1,097-qubit D-Wave 2XTM quantum computers. At this event, Google announced that D-Wave’s quantum computer was able to find solutions to complicated problems of nearly 1,000 variables up to 108 (100,000,000) times faster than classical computers.
You may read Google’s full discussion of these results at http://googleresearch.blogspot.ca/2015/12/when-can-quantum-annealing-win.html.
We are also excited to note that Google’s announcement was profiled in multiple articles published online following the event. The following link provides a list of such articles on Google’s news search platform: https://news.google.com/news/story?ncl=dZiX84H9efiibMMsnNfEluViQM_dM&q=d-wave+systems&lr=English&hl=en&sa=X&ved=0ahUKEwiu4JDKhM7JAhVR5GMKHeqQDpcQqgIILDAB.
About Harris & Harris Group
Harris & Harris Group is a publicly traded venture capital firm that is also a business development company. Detailed information about Harris & Harris Group and its holdings can be found on its website at www.HHVC.com, on Facebook at www.facebook.com/harrisharrisvc and by following on Twitter @harrisandharrisgroup.
This press release may contain statements of a forward-looking nature relating to future events. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. These statements reflect the Company's current beliefs, and a number of important factors could cause actual results to differ materially from those expressed in this press release. Please see the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2014, as well as subsequent filings, filed with the Securities and Exchange Commission for a more detailed discussion of the risks and uncertainties associated with the Company's business, including, but not limited to, the risks and uncertainties associated with venture capital investing and other significant factors that could affect the Company's actual results. Except as otherwise required by Federal securities laws, the Company undertakes no obligation to update or revise these forward-looking statements to reflect new events or uncertainties. The references and links to the websites www.HHVC.com, googleresearch.blogspot.ca, news.google.com, and www.Facebook.com have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Harris & Harris Group is not responsible for the contents of third party websites.
Press Contact: Alexandra Spurgeon, Account Executive Gregory FCA Alexandra@GregoryFCA.com 610-228-2140
Released December 9, 2015