Dr. Subodh Kulkarni: Thank you, David.
David Williams: I guess my first question is just around the interest that you’re receiving, just given the success and what you’ve been able to accomplish in a short order, are you seeing that the interest level from customers has improved? And maybe what you’re hearing in terms of feedback from those customers, the maybe pre-arrival, pre-urrival contracts, and then what you’ve done since then?
Dr. Subodh Kulkarni: Certainly, we are getting more interest from customers as our fidelity continues to increase. When I came in the company, as you know, we were dealing with our Aspen M-3 system. We were just about to launch our one system. And the fidelity is where on the lower side with Aspen and even when we started, we have continued to improve our fidelity is our customers see that as we approach 98% before the end of this year, we definitely expect the interest to increase. And certainly at 99% plus next year, we definitely expect a lot more customers to be interested in our QPUs. So we see that firsthand right now. I mean, our fidelity are in the mid to high 90s with Ankaa-1. We continue to work on it. We are pretty confident with Ankaa-2.
As we mentioned in our press release, we will be at 98% plus range before the end of this year. And that directly correlates with the interest from customers in using our QPUs. So we expect, as we improve our fidelity, the interest from customers to use our quantum computers for our service or directly buy from us, that will continue to go up. They are definitely correlated. Going forward, certainly, we are excited to get the first order and execute on it. So we already sold our first QPU as we disclosed. And that’s a huge accomplishment. We are proud of what our team has accomplished in making that happen. We are dealing with the pipeline right now as we publish more results as the national lab who has, who is our customer, they publish more results and others see value in this 9-qubit QPU with the two-level couplers and square lattice.
We definitely expect more customers to be expressing interest going forward. And we will continue to increase both the size number of qubits as well as the quality of qubits. So Ankaa-2 chip is 84-qubit. So we are talking to some potential customers about 24-qubit and 84-qubit type systems. That’s more in the long term. Near term, certainly, we will continue to talk to more customers or 9-qubit with the square lattice and two-level couplers. But anyway, exciting to see the interest in the global community in using something like this right away. We are definitely getting a lot of interest on a number of research customers right now.
David Williams: Okay, no, that’s a great color there. And you mentioned this briefly, but how much interest do you have in terms of your latest generation? Are you seeing more interest around that research phase? Or do you see others that maybe have more interest in getting something closer to your latest 84 qubit Ankaa-2 potentially at the end of the year? Are you seeing a lot of interest there? And maybe what kind of price point would you be thinking about? And is that something you’d be interested in maybe doing as it’s released? It’s telling that right away.
Dr. Subodh Kulkarni: Excellent questions. I mean, right now, certainly, we are entertaining customers with 9-qubit and maybe 24-qubit type levels. We want to bring our own system up first with good fidelity with 84-qubit. So we definitely want to be the first user ourselves. And that will happen before the end of this year when we have a 84-qubit Ankaa-2 system with 98 plus percent median-2 qubit fidelity. Beyond that, we will certainly entertain a request. Most customers would want to test it out in a cloud manner as a service first, before they want to bring it on premise. I mean, you can do a lot of good quality research within 9-qubit tunable coupler system today. As you know, this goes with exponential with 98% or 99% plus fidelity.
