JP Morgan Chase Reels in IBM Quantum Computing Patent Master
JP Morgan Chase poaches an IBM ‘Master Inventor’ with 26 patents for quantum computing
Key points…
+ J.P. Morgan Chase has hired a veteran IBM researcher to lead a new group working on emerging technologies including quantum computing.
J.P. Morgan’s latest high-profile hire shows that the bank is willing to make bets on advanced forms of technology without immediate applications in finance.
+ Marco Pistoia, who spent 24 years at IBM and managed a team responsible for quantum computing algorithms, is joining New York-based J.P. Morgan as head of applied research and engineering.
+ He will be lead researcher for the bank’s Future Lab for Applied Research & Engineering, a team created late last year to help it develop financial uses for advanced technologies like quantum computing, edge computing, 5G wireless and the internet of things.
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