IBM is all in on quantum computing. Here''s how it''s trying to boost Wall Street''s access to the complex tech.
Summary List Placement Quantum computers might look like extravagant chandeliers, but they actually hold great potential. And IBM''s top quantum chief said Wall Street''s use of the tech is on the cusp of taking off. Quantum computing unlocks the ability to execute big, complex calculations faster than traditional computers. It does so by leveraging quantum mechanics, which is a form of physics that runs on quantum bits, or qubits, rather than the traditional 1 and 0 that computers typically use. For years, theoretical research has shown that while quantum computing can be beneficial, the cost for companies to deploy the tech has been too high to justify . JPMorgan Chase, for example, has worked with IBM to use quantum to test an algorithm that predicted options prices, according to a 2019 IBM research blog . IBM''s quantum computer required less data input, cutting down the number of samples for a given simulation from millions to a few thousand, IBM mathematician Dr. Stefan Woerner said at the time.
IBM is all in on quantum computing. Here''s how it''s trying to boost Wall Street''s access to the complex tech.
Summary List Placement Quantum computers might look like extravagant chandeliers, but they actually hold great potential. And IBM''s top quantum chief said Wall Street''s use of the tech is on the cusp of taking off. Quantum computing unlocks the ability to execute big, complex calculations faster than traditional computers. It does so by leveraging quantum mechanics, which is a form of physics that runs on quantum bits, or qubits, rather than the traditional 1 and 0 that computers typically use. For years, theoretical research has shown that while quantum computing can be beneficial, the cost for companies to deploy the tech has been too high to justify . JPMorgan Chase, for example, has worked with IBM to use quantum to test an algorithm that predicted options prices, according to a 2019 IBM research blog . IBM''s quantum computer required less data input, cutting down the number of samples for a given simulation from millions to a few thousand, IBM mathematician Dr. Stefan Woerner said at the time.