Researchers from a number of prestigious laboratories across the United States collaborated, including…

Researchers from a number of prestigious laboratories across the United States, including MIT’s Lincoln Laboratory, NASA, and Los Alamos National Laboratory, recently collaborated on a government program aimed at identifying and quantifying key areas on which quantum computing researchers should focus on.

The US government’s military research arm, the Defense Advanced Research Projects Agency (DARPA), led this research. Its goal was to provide insight into the current and future capabilities of quantum computing in areas such as chemistry and materials science. But in an area more closely related to future financial and fintech applications, the team was unable to determine whether quantum computing could offer a clear advantage.

Quantum computing for finance

Scientists believe that quantum computing will one day show a clear advantage (called “quantum advantage” or “quantum superiority”) over classical binary computers on a variety of different calculations.

An area of ​​particular interest for many quantum computing researchers is the development of algorithms and hardware capable of dealing with “nonlinear differential equations.”

Many scientists believe that quantum computers will make it possible to process these types of equations very quickly. This should, in theory, lead to significant improvements in relevant forecasting and simulation systems, including weather forecasting and financial forecasting models.

If successfully developed and implemented, quantum computers capable of running increasingly complex nonlinear differential equations could (theoretically) predict off-world market movements with far greater accuracy than can reach the most powerful supercomputers, and in a fraction of the time. .

Enter DARPA.

The DARPA research mentioned above makes the idea of ​​a quantum computer that can accurately predict stock, commodity, and cryptocurrency markets seem a bit fuzzy compared to what many research labs are doing. research were waiting for.

Quantum computing is still in its infancy, but the threat of quantum attack (using quantum computers to break modern encryption methods) has made it a priority for governments around the world, and the U.S. government is not exception.

According to documents published by DARPA, this new research “shows that it is plausible that quantum computers may provide an advantage for economically attractive applications in certain applications of chemistry, quantum materials, and materials science.” Unfortunately, the literature also states that, according to research:

“It is unclear at this stage whether any benefit can be obtained for applications in nonlinear differential equations.”

While this is certainly a blow to the idea that we are on the verge of creating quantum computers that will make us all rich in the markets, it is worth noting that DARPA is not the end all be all, but rather the ideal solution. -everything and all the quantum. The world of computing.

Companies like Rigetti and Microsoft (the former participated in this study and the latter has partnered with DARPA on numerous occasions) have made independent progress in quantum computing with the government and others, like Google and IBM, have made independent progress in the field of quantum computing. The domain of “quantitative advantage”.

about: The World Economic Forum warns that central bank digital currencies could be vulnerable to a quantum computing attack.

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