.jpg){kind=avatar}
Goldman Sachs has conducted research on the application of quantum computing in the options pricing market. Traditional computers struggle to price options accurately when processing large amounts of data quickly or exploring a large number of possible scenarios. Goldman Sachs worked with Quantum Motion to develop an efficient algorithm, including researching the necessary software and hardware capabilities, to enable quantum computations fast enough to give the bank a winning advantage.
“The strategy at Quantum Motion is to deliver a scalable, integrated quantum architecture capable of building systems of sizes yielding real value. The components of our quantum chips are at the same minute scale as conventional transistors, which gives the potential for vast numbers of qubits on a single chip,” says James Palles-Dimmock, CEO of Quantum Motion.
