Oxford Quantum Circuits (OQC), JPMorganChase and AMD have announced a research collaboration leveraging a new and dedicated quantum AI data centre built by OQC in London.
JPMorganChase researchers will test near-term quantum and hybrid quantum-classical computing applications via a secure enterprise environment to examine how quantum computing, AI and high-performance classical infrastructure can work together on complex financial services challenges.
The collaboration also plans to investigate how these quantum-enhanced AI models can accelerate the discovery of novel algorithms purpose-built for financial use cases, and the role of classical compute towards scalable quantum algorithms.
JPMorganChase will be OQC’s first dedicated user of the UK platform, which is expected to be fully operational within 12 months.
By placing quantum hardware inside a secure enterprise compute environment, the platform is designed to let JPMorganChase test hybrid quantum-classical workflows for performance, scalability and reproducibility against the operational standards used in financial services.
“Quantum computing has to move from isolated experiments into the secure compute environments where enterprises actually work,” said Gerald Mullally, CEO of OQC.
“That is what we are building with JPMorganChase’s quantum research expertise: a dedicated quantum AI platform for financial services that combines quantum hardware, AI and high-performance computing to support serious technical research and move the industry closer to practical quantum applications.”
This week, OQC closed an oversubscribed £260m Series C funding round, marking Europe’s largest ever private funding round for a quantum computing company.
