MUFG aims to use quantum computer tech in financial services

TOKYO — Japan’s MUFG Bank has invested in Groovenauts, a Japanese startup that gives quantum computer expertise, Nikkei has discovered. The megabank seeks to use quantum expertise for financial services, together with for advanced transactions corresponding to derivatives buying and selling, asset threat administration, and to improve its operational effectivity.Groovenauts affords computing services utilizing a way referred to as “quantum annealing,” which finds the optimum reply from an unlimited variety of mixtures. Groovenauts connects quantum computer systems owned by analysis institutes with firms that need to use them. By combining information processing expertise with synthetic intelligence, the corporate makes it simpler to use quantum computer systems for enterprise and different functions.

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