Quantum Computing Inc. (QCI) has announced that it will work together with Rabobank, one of the world’s largest banks, for a project to demonstrate the application of its photonic quantum information technologies, including the Dirac 1 entropy quantum computing (EQC) system, in fraud detection. Fraudulent card transactions cost the banking industry billions of dollars annually as cybercriminals continue using increasingly sophisticated techniques to try to thwart online security measures. Rabobank is adding QCI to its arsenal of existing fraud detection techniques and solutions because it is c ..read more

Quantum computing is coming of age and is now breaking out of the research lab and is set to revolutionise the world we live in by driving breakthroughs in drug discoveries, chemistry, materials science, high energy physics and even climate change science. Quantum computers have the potential to solve problems that even the most powerful supercomputers cannot solve. By accelerating the discovery of solutions to big global challenges it has the potential to be more disruptive than the technology waves of the past decades. An estimate in 2021 put total investment at $30 billion with a mix of pu ..read more

The increasing power of classical computers has changed modern finance. From high frequency trading to machine learning, new ways of dealing with large amounts of data are constantly being developed to develop an “edge” over the competition. Most of these algorithms are not particularly new but can provide an outsized competitive advantage for firms that can properly apply the ever-increasing computational power that is being made available. Recent headlines and reports would indicate a growing interest from major firms in the emerging technology of quantum computers. Firms such as Goldman Sac ..read more

The increasing power of classical computers has changed modern finance. From high frequency trading to machine learning, new ways of dealing with large amounts of data are constantly being developed to develop an “edge” over the competition. Most of these algorithms are not particularly new but can provide an outsized competitive advantage for firms that can properly apply the ever-increasing computational power that is being made available. Recent headlines and reports would indicate a growing interest from major firms in the emerging technology of quantum computers. Firms such as Goldman Sac ..read more

Quantum computing is being heralded as a paradigm shifting new technology capable of serious disruption across industries. But, for quantum computing to secure its its place as a leading technology in the future, it will have to evolve to address the requirements of the future. Probably one of the single most important aspects of any future technology will be sustainability.  Energy consumption and environmental footprint are being monitored more closely than ever and these aspects can massively affect popular opinion and ultimately adoption of a new tech. Thankfully for the industry, qua ..read more

Quantum Computing applied to finance is gaining momentum. This is thanks to the finance industry having a lot of hard problems to solve and Quantum Computing reaching a point of technological readiness where it’s able to start tackling these problems. Having said that, it’s still early days and it is not yet clear exactly how best to merge quantum theory and finance or what we could expect from a quantum-fintech future. In this article we catch up with mathematician David Orrell, author of Quantum Economics and Finance: An applied mathematics introduction, to get his take on a quantum economy ..read more

IonQ’s systems will be the first third-party quantum computers purchasable via the Google Cloud Marketplace; will support Google’s Cirq and other quantum development kits IonQ, Inc. (“IonQ”), the leader in trapped-ion quantum computing, today announced that Google Cloud customers can purchase access to its quantum computers via the Google Cloud Marketplace, making IonQ the first third-party quantum computer on the Google Cloud Marketplace. Support for IonQ’s systems is now also enabled in Cirq, Google’s open-source quantum computing framework. The integration makes IonQ’s high-fidelity 11 qubi ..read more

Although topics like qubit scalability, error correction and the race to quantum supremacy highlight the current state of quantum computing, recently there has been a lot of discussion around use cases and applications of the available NISQ systems. The technology has reached a point of maturity where early adopters are looking into the possibility of squeezing out some quantum advantage, now or in the very near future.  One direction that has been getting a lot of attention is quantum-machine learning or QML.  This is not very surprising considering the massive strides made in machi ..read more

We’re in the NISQ era of quantum computing and although these first wave technologies are still in a relatively early phase of development they are already widely being explored by early adopters for a variety of applications. Being built on quite different technologies, the current quantum processors have individual quirks and subtle differences that could be leveraged for a competitive advantage. Understanding how these manifest in real-life applications has become an important aspect of the field. However, thanks to the novelty and unique attributes of the various quantum processors it can ..read more

As with any new or emergent technology it can sometimes be difficult to navigate beyond the hype and evaluate the real market value and impact. This is particularly true for quantum computing where we are essentially looking at a deep tech offering that has been catapulted to a multi-billion-dollar industry in a relatively short space of time. Although in general, quantum computing continues to draw significant investment, the industry is based on niche and unique technologies that are often mired by sensationalism, making it difficult to evaluate the current state of the field. Recently there ..read more