IonQ to Partner with GE Research to Study Quantum Computing Use in Risk Management

Risk is a concept that pervades today's world in such areas as financial markets, supply chains, daily business operations, climate, and even geopolitics. Often these systems can be characterized using a large number of interacting mathematical parameters that can form extraordinarily complex relationships. By understanding the relationships between these parameters one can be able to understand the level of risks and potentially take various actions to minimize it. This is where quantum computing comes in. By using a mathematical technique called copula one can describe and model the dependence between random variables. This is an area where a quantum based approach can potentially significantly outperform classical computing and the two companies will explore how it can be implemented on IonQ's ion trap quantum computers. A news release issued by the companies that provides additional information about this research effort can be found here.

September 25, 2021