Financial markets could use quantum computing in 5 years

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Goldman Sachs has reportedly been working closely with Silicon Valley firm QC Ware on this for several years. Some of the most complex calculations in financial markets could start using quantum computing within five years, considerably earlier than expected. Both parties have been studying how quantum computers can be tapped for the Monte Carlo algorithm – which is used to determine or assess risk and also to simulate market prices for various financial instruments. Giant Wall Street investment bank Goldman Sachs has recently revealed a major quantum computing breakthrough for financial application, that outperforms the most advanced algorithms of previous generations. The quantum algorithm can be used on hardware in five years’ time, considerably earlier than expected, to bear on some of the most complex calculations in financial...

Goldman Sachs predicts quantum computing 5 years away from use in markets

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Quantum computing could be brought to bear on some of the most complex calculations in financial markets within five years, considerably earlier than expected, according to research jointly conducted by Goldman Sachs.The findings come as banks and other companies at the leading edge of quantum research have turned their attention to trying to get practical results using the imperfect quantum computers that are expected to be in use in the next few years, rather than wait for the much more powerful systems that are one day expected to bring a revolution in computing.The bank’s research, conducted with quantum start-up QC Ware, suggests that programmers looking to harness the machines could achieve practical results sooner in return for giving up some of the huge gains in performance that quantum systems promise.The work reflects a recent effort...

Goldman Sachs predicts quantum computing 5 years away from use in markets

f234dace e3e9 4d2d 9607 9f88ad531852
Quantum computing could be brought to bear on some of the most complex calculations in financial markets within five years, considerably earlier than expected, according to research jointly conducted by Goldman Sachs.The findings come as banks and other companies at the leading edge of quantum research have turned their attention to trying to get practical results using the imperfect quantum computers that are expected to be in use in the next few years, rather than wait for the much more powerful systems that are one day expected to bring a revolution in computing.The bank’s research, conducted with quantum start-up QC Ware, suggests that programmers looking to harness the machines could achieve practical results sooner in return for giving up some of the huge gains in performance that quantum systems promise.The work reflects a recent effort...