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What the C-Suite Needs to Know About Big Tech’s Quantum Push

  • Some of the world's biggest technology companies, including Amazon, Microsoft, and Google, have made significant advances in quantum computing.
  • The introduction of quantum computing could greatly benefit the financial sector, enabling faster transaction processing, predictive analytics for fraud prevention, and efficient clearing and settlement processes.
  • While commercial quantum computing is steadily advancing, it is still a few years or even decades away from being practical and cost-effective for the financial services industry.
  • However, the groundwork is being laid today, with companies like QuEra Computing receiving funding to accelerate the development of quantum computers, and Google launching a global competition to apply quantum computing to real-world challenges.

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