JPMorgan Chase, the nation's largest bank, has demonstrated a real-world application of a quantum computer, achieving certified randomness. The bank's head of global technology applied research, Marco Pistoia, led the research team. JPMorgan is positioned as a better alternative for tasks like risk modeling and machine learning. However, the algorithms are not yet usable in production due to the quantum computers' insufficient power.
JPMorgan Chase, the nation's largest bank, has demonstrated a real-world application of a quantum computer, achieving certified randomness. The bank's head of global technology applied research, Marco Pistoia, led the research team. JPMorgan is positioned as a better alternative for tasks like risk modeling and machine learning. However, the algorithms are not yet usable in production due to the quantum computers' insufficient power.