Jim,
Check this out.
Since you like machine learning, I think you will like these two articles.
Regards
James
Quantum Computing Inc. Releases Its First Quantum Ready Software Product QAA – The Quantum Asset Allocator to Optimize Portfolio Returns
Quantum Computing Inc. (QUBT) (the “Company” or “QCI”), an advanced technology company developing quantum ready applications for quantum computers, announced today that the Company has released its first “Quantum Ready” software application – The Quantum Asset Allocator (QAA).
The target market (estimated at over $1 billion) for QAA is financial institutions who are currently addressing asset allocation problems but are looking for better tools with which to optimize portfolio performance. QAA is available both as a cloud based software service and as an on premises software + hardware system. Both implementations are designed to quickly return optimal or near-optimal interactive solutions and analyses of financial asset allocation problems. QAA leverages a financial institution’s strategy for calculating risk and expected return, based on analytical values for the various index sectors and subsectors in its investable universe. QAA has been proven to enhance fund strategy by calculating the optimal portfolio mix to maximize returns in beta tests against portfolios using traditional portfolio management techniques. “This is a major breakthrough for QCI”, stated Robert Liscouski, CEO of Quantum Computing Inc. “We are excited to be releasing QAA which will provide small and medium sized funds the ability to do asset allocation that previously was the province of large brokerage firms, mutual fund and the largest quant funds. Beta tests have demonstrated superior portfolio performance using quantum inspired techniques on both classical and existing quantum computing hardware,” he added. Liscouski stated that QCI is already working with beta clients to implement QAA in their environment.
Quantum Computing Inc. Releases Mukai, the Quantum Application Development Platform
Quantum Computing Inc. (QUBT) (“QCI”), an advanced technology company developing quantum-ready applications and tools, announced today that the company has released its Mukai quantum application development platform. Mukai can be used to solve extremely complex optimization problems, which are at the heart of some of the most difficult computing challenges in industry and government. Its software stack enables developers to create and execute quantum-ready applications on classic computers, while being ready to run on quantum computers when those systems can achieve performance advantages. QCI has already demonstrated superior performance today for some applications built on Mukai and running on classic computers.
Mukai uses highly-optimized parallel code, and is currently centered on the quadratic unconstrained binary optimization (QUBO) formulation well known to quantum annealing users. QUBO is a pattern matching technique, also commonly used for machine learning applications.
The Mukai software stack includes two primary user/developer interfaces:
QCI NetworkX graph-analysis package that exploits that capability for graph problems
QCI qbsolv package that implements a state-of-the-art, high-performance optimization capability for QUBO problems
“Mukai enables developers to create and deploy practical applications that solve very hard problems today,” said Mike Booth, QCI’s Chief Technology Officer. “We believe this will bring immediate value to potential clients, while also providing a clear path to emerging quantum hardware. As Mukai provides an abstraction layer to the actual computing hardware, a client’s investment in application development today should pay off in two ways, without having to take the hardware platform into consideration.”
“In addition to developing the quantum application development platform, QCI is leveraging its expertise in finance, computing, and security to build applications on top of Mukai that we believe will deliver immediate value to potential clients,” said Steve Reinhardt, VP of Product Development at QCI. “The first of those, Quantum Asset Allocator (QAA), was recently announced. It provides small and medium-sized financial institutions the ability to do asset allocation in a way that was previously the province of large brokerage firms, mutual funds, and the largest quant funds. Using Mukai means it can run on either classic or quantum resources, depending on which delivers superior performance,” he added.