VANCOUVER, BC, Oct. 19, 2023 /PRNewswire/ - BTQ Technologies Inc. , a global quantum technology company focused on securing mission critical networks, proudly announces the addition of Peter.
DESY and IBM have entered an agreement on quantum computing that welcomes DESY as a member of the IBM Quantum Network to explore the opportunities of the new technology. DESY seeks to exploit opportunities for solving scientific problems much more efficiently in the future on quantum computers, and even potentially tackle challenges that are not accessible to classical computers. With this partnership IBM hopes that DESY will identify new and important fields of application for this nascent technology.
Goldman Sachs, QC Ware and IonQ Demonstrate Quantum Algorithms Proof-of-Concept for Financial Services hpcwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hpcwire.com Daily Mail and Mail on Sunday newspapers.
Irelandâs first Quantum Computer Engineering Centre launched at Tyndall Institute
Date Announced: 20 May 2021
Multi-million-euro investment will see an additional 900 sq metres of research space and 45 new jobs dedicated to quantum research at Tyndall National Institute.
Pictured right, researcher Dr Agnieszka Gocalinska working in a Tyndall lab.
Cork, Ireland A multi-million-euro investment will see 900 sq meters of research space dedicated to quantum technology at Tyndall’s new facility on Cork’s North Mall, Ireland, and will be a key part of the Institute’s plans to double in size and impact by 2025. Tyndall is also recruiting five new senior research leaders, including a Head of Quantum Research to lead the overall Centre and who will build new quantum research teams to accelerate the growth of the centre.
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Marking a significant step in the roadmap for quantum advantage for financial applications, Goldman Sachs and QC Ware researchers have designed new, robust quantum algorithms that outperform state-of-the-art classical algorithms for Monte Carlo simulations and can be used on near-term quantum hardware expected to be available in 5 to 10 years.
Monte Carlo methods, used to evaluate risk and simulate prices for a variety of financial instruments, involve complex calculations and consume significant time and computational resources. Typically, these calculations are executed once overnight, which means that in volatile markets, traders are forced to use outdated results. Providing traders, who are always looking for an additional edge in the markets, with a quantum computing approach to perform these risk assessments with far greater speed means that simulations could be executed throughout the day and could transform the way financial markets worldwid