By IQT News posted 11 Jun 2020

(EFinancialCareers) Constantin Gonciulea, one of JPMorgan’s distinguished engineers, says he used his work at home routine to create an improved version of ‘Grover’s algorithm’ – a quantum algorithm that calculates with a high degree of probable accuracy which input generated a particular output from a black box function. “I have developed a productivity system for working from home, which allows doing more research on top of the day job, with a team that produces more output and higher quality than before,” says Gonciulea, without disclosing exactly what the new system is – except that it entails working during “stay at home weekends.”
Gonciulea, who’s worked for JPMorgan for 15 years and is also head of engineering and advanced computing, has also found the time to write an academic paper about his findings.
The new algorithm can run on quantum computers. Grover is working with Marco Pistoria, whom JPMorgan hired from IBM as head of applied research and enginering in January. The implicaton is that, thanks to lockdown, the bank has come one step further to making the use of quantum computing a reality.

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