JPMorgan Goes Big on Quantum Computing. How It Plans to Use the Technology.

Posted under: Computing
Date: 2025-04-09
JPMorgan's Quantum Computing in Risk Modeling | Justo Global

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.

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