Goldman Sachs, QC Ware and IonQ Demonstrate Quantum Algorithms Proof-of-Concept That Could Revolutionize Financial Services, Other Industries

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Sep 21, 2021

Goldman Sachs, QC Ware and IonQ, Inc. (“IonQ”) today announced a significant step forward in the real-world application of quantum computing for the financial services industry. Specifically, a new research+paper shows how IonQ’s quantum computers are now powerful enough to demonstrate a state-of-the-art quantum algorithm from Goldman Sachs and QC Ware that could one day speed up Monte Carlo simulations. These simulations are key for problem solving in many industries, including finance, telecommunications, robotics, climate science, and drug discovery.