JPMorgan Chase and Barclays have joined IBM’s quantum computing network as they look to use the technology to assess risk and stay secure; Barclays is beginning to test potential uses and JPMorgan Chase is looking to leverage quantum computing for trading, portfolio optimization and risk analysis; there is a lot happening in quantum computing these days as big tech firms look to master the technology seen as potentially 100,000 times faster than classic computers; while there are clear benefits to quantum computing banks are also looking at protecting themselves from the cyber threat that hackers could exploit using the same technology. Source.
