Goldman Sachs, QC Ware Design Quantum Algorithms
Traders Magazine 0 Shares Marking a significant step in the roadmap for quantum advantage for financial applications, Goldman Sachs and QC Ware researchers have designed new, robust quantum algorithms that outperform state-of-the-art classical algorithms for Monte Carlo simulations and can be used on near-term quantum hardware expected to be available in 5 to 10 years. Monte Carlo methods, used to evaluate risk and simulate prices for a variety of financial instruments, involve complex calculations and consume significant time and computational resources. Typically, these calculations ar...
Source: tradersmagazine.com
