D-Wave Quantum Inc. said today a peer-reviewed scientific paper proves it has finally passed a critical threshold and achieved “quantum supremacy” — that is, the point at which its quantum computers have finally solved a problem that’s impossible for even the most powerful “classical” computers to do.

Quantum computing company D-Wave has claimed to have achieved "quantum supremacy" by solving a "useful, real-world problem" more efficiently with their quantum computer than a traditional one for the first time.

And there’s no shortage of applications for new discovery of magnetic materials,” says Alan Baratz, CEO at D-Wave Quantum, a company that makes annealing-style quantum computers. That’s why today’s announcement that they were able to simulate a complex magnetic material with a quantum computer is so important.