Financial Firms Seek Edge in Algorithms Inspired by Quantum Computing

…Interest in quantum-inspired technology has grown as executives hear about developments in true quantum computing, analysts said…

…Firms including HSBC Holdings PLC, Ally Financial Inc. and Spanish multinational bank BBVA are looking to quantum-inspired technology for near-term advantages…

…Applications of quantum-inspired optimization problems can yield solutions anywhere from 1% to 10% more accurate than existing approaches and can come to solutions anywhere from two to three times as fast, according to Troels Steenstrup, technology head of KPMG’s Global Quantum Hub…

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