Multiverse Adds a Fair Price Module to their Singularity Quantum Software Platform

We previously reported on Multiverse' introduction of their Singularity quantum software platform that enable inputting QC problems from an Excel spreadsheet. We also reported earlier on their work to integrate support for the IonQ ion trap processor with this software. They have now added a new module to calculate the Fair Price of a portfolio of stocks to this platform. Currently, these calculations are typically implemented in programs running on supercomputers that can look at tens of thousands of samples and run for a period of 24 hours or more. When the number of samples is decreased, the accuracy also diminishes. In a test, they showed data that indicated a 37%-43% improvement in accuracy for a quantum calculation versus a classical calculation when both are limited to 4,000 samples. The algorithm uses a quantum amplitude estimation method to estimate the mean of a novel implementation of the Gordon-Shapiro formula. For more about this Fair Price solution, you can view a news release from Multiverse announcing it here, a video demonstration of using it here, and a technical arXiv paper that describes the algorithm here.

January 19, 2022