Quantum companies that are announcing far more new developments than Dwave are:
Horizon Quantum is already public recently and more impressive than Dwave
Infleqtion has a better story and just got IPO last month. They are taking a lot of the limelight
Xanadu is going to go public probably this week and is a far better organized company than Dwave. They at least have more impressive PRs.
IQM is probably going to suck in $2 billion in valuation from dupes later this month
The French company, Pascal, is going to gather another $2 billion in IPO valuation next month based on press releases that are more impressive than DWave
These quantum companies are like cryptocurrencies. There are new ones popping up every month but most are not going to do more than send out announcements and try to dupe folks into the Ponzi scams
PsiQuantum is progressing far faster than Dwave and will probably become public later this year
But there are far too many companies chasing less optimistic investors/gamblers, and the money is drying up. It is a dilution within each company and a dilution across a huge range of companies with me-too press releases.