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Service Leader (PfMP®/PMP®) | Quantum ML Initiatives & AI Projects | Finance, PMO & Math for Mgmt.

Quantum computing has a hype problem   "Established applications for quantum computers do exist. The best known is Peter Shor’s 1994 theoretical demonstration that a quantum computer can solve the hard problem of finding the prime factors of large numbers exponentially faster than all classical schemes. Prime factorization is at the heart of breaking the universally used RSA-based cryptography, so Shor’s factorization scheme immediately attracted the attention of national governments everywhere, leading to considerable quantum-computing research funding.  "   "There are proposals to use small-scale quantum computers for drug design, as a way to quickly calculate molecular structure, which is a baffling application given that quantum chemistry is a minuscule part of the whole process. Equally perplexing are claims that near-term quantum computers will help in finance. No technical papers convincingly demonstrate that small quantum computers, let alone NISQ machines, can lead to significant optimization in algorithmic trading or risk evaluation or arbitrage or hedging or targeting and prediction or asset trading or risk profiling. This however has not prevented several investment banks from jumping on the quantum-computing bandwagon."   By Sankar Das Sarma at MIT Technology Review   Link https://lnkd.in/ddjbKVws

Quantum computing has a hype problem

Quantum computing has a hype problem

technologyreview.com

Alvaro Neira

Vacuum Technology Expert | Thin Film Processes, RF and Microwave device development.

8mo

Sobering read.

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