Tag: Quantum Computing

Next level AI: Quantum AI | Bank Automation News

Graphics processing units on today’s computers can only hold so much capacity — and financial institutions are looking to quantum computing to process ever-growing data sets and turbocharge AI. “By applying quantum, the parallel [computing] capability of the computer goes up exponentially,” Mitchell Wein, executive principal at Datos Insights, a data and markets analytics company, […]

Vaidik Trivedi

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January 30, 2024
HSBC Invests in Quantum Computing | Bank Automation News

HSBC is increasing its investment in quantum computing innovation after teaming up with Quantinuum in May. The $3 billion bank joined a quantum-secured network by BT and Toshiba that will use quantum key distribution (QKD) technology to protect against advanced cyber threats, according to a Wednesday HSBC release. HSBC is “figuring out how to construct […]

Victor Swezey

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July 7, 2023
Transactions: Amazon Pay picks Affirm for BNPL | Bank Automation News

Amazon Pay has selected Affirm as its first buy now, pay later provider in the United States, with the goal to give customers a more flexible payment option and give merchants on the platform a way to reach new customers, according to Omar Soudodi, director of Amazon Pay. A central Affirm feature is “adaptive checkout,” […]

Whitney McDonald and Victor Swezey

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June 14, 2023
JPMorgan Chase looks to quantum tech for deep hedging | Bank Automation News

JPMorgan Chase is investing in quantum computing technologies research to discover its potential uses for deep hedging within financial services. Deep hedging can be used to efficiently learn the expectations and distribution of returns, offer improved performance and train quantum policies. The $3.6 trillion bank conducted a study last month to determine if deep hedging […]

Whitney McDonald

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April 11, 2023
C3.ai, BigBearAI, and SoundHound Stock Are Soaring in an AI Feeding Frenzy

Investors are in a feeding frenzy over artificial-intelligence software plays, and you have to think this isn’t going to end well.

You can date the start of the AI stock craze to the Nov. 30 launch of ChatGPT, the generative AI chatbot created by the start up OpenAI. Recent data show that ChatGPT reached more than 100 million users in January, reaching that market faster than other buzzy apps like TikTok.

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February 6, 2023