StanChart and Nasa join forces for quantum computing project
Bank is exploring quicker ways to solve portfolio optimisation
Standard Chartered is teaming up with US space agency Nasa to explore the use of quantum computing in portfolio allocation. The aim is to test if quantum computing will produce speed-ups necessary to make it a viable computing option for broader applications such as machine learning and Monte Carlo simulations.
The collaboration, which began in January 2018, was a result of a research proposal from the UK bank on tackling portfolio optimisation, which was accepted by Nasa last year. The space
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