Quantum computing specialist hiring globally after trading breakthrough
It's not just Goldman Sachs and JPMorgan that are making breakthroughs in quantum computing. After Goldman Sachs recently revealed the success of some of its Monte Carlo simulations using quantum techniques developed by start-up QC Ware, Cambridge Quantum Computing (CQC), said today that it's developed an algorithm that accelerates Monte Carlo integration. And CQC is hiring.
Monte Carlo integration is used for financial risk analysis, plus drug development and supply chain logistics. CQC's new algorithm decomposes the Monte Carlo integration, running it partially through a quantum computer and partially through a classical computer, without losing any quantum advantage.
“We are now capable of achieving what was previously only a theoretical quantum speed-up. That’s something that none of the existing quantum Monte Carlo integration...
