(Sept 26):\u00a0Standard Chartered plc\u2019s venture building arm and Fujitsu Ltd\u00a0teamed up on quantum computing, the latest in a slew of financial firms investing in faster technology to speed up services.<\/p>\n
Project Quanta will give customers a platform to explore and develop quantum computing and quantum-inspired applications, according to a joint\u00a0statement\u00a0from SC Ventures and Fujitsu on Thursday. These include pre-built algorithms for fraud detection, risk simulation and derivative pricing.\u00a0<\/p>\n
Companies around the world are building quantum computing systems in an attempt to provide broad practical uses at faster speeds. While tech firms have been at the forefront of developments, banks from JPMorgan Chase & Co\u00a0to HSBC Holdings plc are also looking for potential benefits. \u00a0<\/p>\n
\u201cBy joining forces with Fujitsu, we want to unlock quantum resources and talent on one platform for corporates looking to scale their quantum capabilities,\u201d Apurv Suri, the client engagement and partnerships lead of SC Ventures, said in the statement.\u00a0<\/p>\n
McKinsey & Co\u00a0projects quantum computing revenue could surge to US$72 billion (RM304.02 billion) within a decade, up from about US$4 billion last year.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"(Sept 26):\u00a0Standard Chartered plc\u2019s venture building arm and Fujitsu Ltd\u00a0teamed up on quantum computing, the latest in a…\n","protected":false},"author":2,"featured_media":175238,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[49,48,285,61],"class_list":{"0":"post-175237","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-computing","8":"tag-ca","9":"tag-canada","10":"tag-computing","11":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/175237","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=175237"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/175237\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/175238"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=175237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=175237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=175237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}