Goldman Sachs and QC Ware Collaboration Brings New Way to Price Risky Assets Within Reach of Quantum Computers

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 […]