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Archer Materials’ CEO Explains Quantum Computing’s Effect on Finance Industry

By IQT News posted 28 Nov 2019

(ITBrief.nz) Archer Materials Limited (ASX:AXE) In an address to shareholders and academics, Archer Materials Limited CEO Dr Choucair outlined the effect impact quantum computing could have on the finance industry. “the global financial assets market is estimated to be worth trillions, and I’m sure it comes as no surprise that any capability to optimise one’s investment portfolio or capitalise on market volatility would be of great value to banks, governments and everyone in the audience.
“Traders currently use algorithms to understand and, to a degree, predict the value movement in these markets. An accessible and operating quantum chip would provide immeasurable improvements to these algorithms, along with the machine learning that underpins them.”

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