Future of quantum computing: Experts predict $2 trillion gains by 2035 as banks invest heavily
MY PROFESSION
1h ago
Global Banks Invest in Quantum Technology; JPMorgan Leads Job Postings
- Major global banks like JPMorgan and HSBC are investing in quantum computing, with nearly 80% of the 50 largest banks engaging with the technology.1
- JPMorgan Chase leads in quantum job postings, accounting for two-thirds of all postings among surveyed banks and has implemented quantum-inspired algorithms for portfolio optimisation.1
- HSBC has integrated quantum key distribution technology into foreign exchange trading, enhancing cybersecurity measures.1
- The growth of quantum talent in banking has risen by 10% since August, indicating a focus on preparing for future quantum applications.1
- The UK’s National Cyber Security Centre recommends transitioning to post-quantum cryptography by 2035 to protect against quantum computing threats.1
- Major banks are ramping up investments in quantum computing, with JPMorgan leading job postings and HSBC enhancing cybersecurity.
- The UK’s National Cyber Security Centre recommends transitioning to post-quantum cryptography by 2035.
Techinformed
10h ago
Background
- Major technology companies like Amazon, Google, Microsoft, and IBM are heavily investing in quantum computing research.1
- Experts believe that quantum computing has the potential to efficiently solve problems that classical computers struggle with.1
- McKinsey and Company analysts estimate that industries like mobility, chemicals, financial services, and life sciences could gain up to $2 trillion in value from quantum computing by 2035.1
- Peter Barrett, a venture capital firm founder, stated that quantum computing can dramatically change various aspects of industry, commerce, and science.1
- Major technology companies like Amazon, Google, Microsoft, and IBM are heavily investing in quantum computing research.
- Experts believe that quantum computing has the potential to efficiently solve problems that classical computers struggle with.
- McKinsey and Company analysts estimate that industries could gain up to $2 trillion in value from quantum computing by 2035.
CNBC