UK-based quantum computing company OQC, JPMorgan Chase and AMD have announced a research collaboration leveraging a new purpose-built quantum AI data center built by OQC in London.
JPMorgan Chase researchers plan to test quantum and hybrid quantum-classical computing applications in the near future through a secure enterprise environment to explore how quantum computing, AI, and high-performance classical infrastructure can work together to solve complex financial services challenges, AMD said in a press release.
Partners will use the platform to conduct research on near-term quantum computing and hybrid quantum-classical computing applications, including areas such as portfolio optimization and expanded exploration around quantum machine learning, as well as develop specialized AI models to improve the performance of quantum circuits. The partners will also explore how these quantum-enhanced AI models can accelerate the discovery of new algorithms specifically for financial use cases, as well as the role of classical computing towards scalable, fault-tolerant quantum algorithms.
JPMorgan Chase will be OQC’s first dedicated user of the UK platform, which is expected to be fully operational within 12 months.
“Quantum computing needs to move from isolated experiments to secure computing environments where companies actually work,” said Gerald Müller, CEO of OQC. “That’s what we’re building, leveraging JPMorgan Chase’s quantum research expertise: a quantum AI platform purpose-built for financial services that combines quantum hardware, AI, and high-performance computing to support serious technology research and bring the industry closer to practical quantum applications.”
“The financial services industry depends on understanding complexity, managing risk, and making decisions with speed, security, and confidence,” said Lori Beal, global chief information officer at JPMorgan Chase. “Through this partnership, our team will have a purpose-built environment to study the near-term utility of hybrid quantum-classical computing in finance and assess how quantum, AI, and high-performance computing can work together to address real-world challenges.”
“Advancing quantum AI research requires a tightly integrated computing platform that brings together quantum systems, AI infrastructure, and high-performance classical computing,” said Mark Papermaster, executive vice president and chief technology officer at AMD. “AMD is pleased to support OQC and its dedicated environment, which explores hybrid quantum AI workflows for financial services and evaluates their performance, scalability, and reproducibility in a secure enterprise environment.”
