Commonwealth Bank gets Asia-Pacific's first quantum computing simulator outside university sector

The Commonwealth Bank has become the first non-university institution in the Asia-Pacific to acquire a quantum computing simulator, announced supplier QxBranch today.

Quantum computing is technology that allows the simultaneous analysis of a massive number of different outcomes, which is theoretically infinitely more powerful than traditional computers that work out outcomes sequentially. For decades, researchers have been working around the globe to stabilise this power to build a quantum computer for practical use in complex scientific calculations, artificial intelligence and machine learning.

Quantum computing simulators emulate such a computing environment, so that software development and research can be performed in preparation for the eventual availability of quantum hardware.

While universities have had quantum computing simulators, QxBranch claims that the deployment at Commonwealth Bank is the first outside of the academic sector in all of the Asia-Pacific. Read more

Tony Yoo - Business Insider - 10 Apr 2017