
Banking group trials quantum computing for portfolio hedging and optimization
After experimenting with gate model quantum computers—as used by IBM and Google—CaixaBank gets to work on real-life problems.
Financial institutions are increasingly experimenting with quantum computing technology, paying most attention to the universal quantum computer—otherwise known as a gate model quantum computing system—that the likes of IBM and Google are known for.
While those projects have shown the advantages that this nascent tech could bring to finance, turning them into actual production applications is still years away. The technology, in theory, is perfect for complex, multivariate analysis, but today’s
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