JPMorgan Chase published data about one of its Quantum Computing experiments demonstrating the bank’s growing expertise in that realm.
In this paper, the company presents a novel, canonical way to produce a quantum oracle from an algebraic expression. The use of a quantum oracle, in this instance, makes doing complicated math with Fibonacci numbers easier than with traditional computing systems. Fibonacci numbers form a sequence in which each number is the sum of the prior two. These sequences have applications in investing and information security, among other areas.
The JPMorgan team ran their experiment on the new Honeywell computer based on trapped-ion technology with Quantum Volume 64.
This partnership has been announced in March 2020. Zapata Computing partners with Honeywell to help with the software running on Honeywell hardware used by JPMorgan. (Barrons)