For most scientists, a quantum computer that can solve large-scale business problems is still a prospect that belongs to the distant future, and one that won’t be realized for at least another decade. But now researchers from US banking giant Goldman Sachs and quantum computing company QC Ware have designed new quantum algorithms that they say could significantly boost the efficiency of some critical financial operations – on hardware that might be available in only five years’ time. Quantum Computing Quantum computers are coming. Get ready for them to change everything What is quantum computing today? The how, why, and when of a paradigm shift Quantum supremacy ‘milestone’ achieved by light-emitting quantum computer What CIOs need to know about quantum computing (free PDF) What classic software developers need to know about quantum computing (TechRepublic) Rather than waiting for a fully-fledged quantum computer, bankers could start running the new algorithms on near-term quantum hardware and reap the benefits of the technology even while quantum devices remain immature. Goldman Sachs has, for many years, been digging into the potential that quantum technologies have to disrupt the financial sector. SEE: Building the bionic brain (free PDF) (TechRepublic) In particular, the bank’s researchers have… Read full this story
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