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Goldman Sachs Teams with QC Ware to Explore Quantum Computing Technology Across the Bank

By IQT News posted 11 Dec 2019

(WSJ) Goldman Sachs Group Inc. has teamed up with CA-based startup QC Ware Corp. to understand the limitations of current quantum-computing technology, said Paul Burchard, a managing director at Goldman’s research-and-development division.
Goldman is extending the partnership with QC Ware, Mr. Burchard said, adding, “We’re looking at various possibilities for applying quantum computing across the bank.” This is the first time Goldman has announced its work with a quantum-computing services company.
QC Ware uses the cloud to connect businesses with early-stage quantum-computing hardware providers including D-Wave Systems Inc., Rigetti Computing and International Business Machines Corp. The startup also helps enterprises develop quantum algorithms and applications.
Its other enterprise clients include Airbus SE, which sought the startup’s help in understanding how quantum computing could be applied to mathematical calculations in the design phase of aircraft systems and parts.

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