OQC, JPMorgan, and AMD have launched a Quantum-AI research center in London to explore advanced computing applications in finance.
OQC, JPMorgan Chase, and AMD have collaborated to establish a dedicated Quantum-AI research center in London, aimed at advancing quantum and hybrid computing within the financial sector.
This state-of-the-art facility will pair OQC's GENESIS quantum system with AMD's AI and classical computing infrastructure, facilitating simulations, optimization tasks, language model creation, and benchmarking.
The initiative will focus on utilizing quantum methods to optimize financial portfolios and developing tailored AI models to improve quantum circuit performance.
Furthermore, the partnership intends to explore how large language models (LLMs) enhanced by quantum computing could expedite the discovery of new algorithms for financial applications, while also assessing the role of classical computing in developing scalable and fault-tolerant quantum algorithms.
OQC's CEO, Gerald Malalley, stressed the importance of moving beyond "isolated experiments" to create secure computing environments suitable for corporate clients.
Meanwhile, AMD's CTO, Mark Papermaster, pointed out that advancements at the convergence of quantum computing and AI necessitate integrated platforms that merge quantum systems with AI and high-performance computing capabilities.
