Piggy Bank Filling…JPMorgan Chase, Ally Bank, Credit Agricole and other banks are actively testing and in some cases using [quantum computing], according to speakers at the HPC + AI on Wall Street conference in New York this week…

…These banks are not attempting to buy and use quantum computers directly. They are using cloud-based quantum-computing-as-a-service offerings from companies like D-Wave, IBM, Google, Amazon, Rigetti, Microsoft and QC Ware. They’re testing the advanced computer power for complex problems like portfolio optimization and index tracking…

…The banks are seeking improvements in speed, as well as greater precision in simulations and calculations for risk analysis, fraud detection and pricing of complex derivatives…

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