What did HSBC claim about quantum computing?

HSBC claimed a quantum computer achieved superior results in a bond trading experiment, marking a potential new frontier.

Are quantum computing claims always accurate?

Not always. Experts are skeptical of many 'quantum advantage' claims, citing a lack of proof and rapid advancements in classical computers.

When will quantum computers be commercially useful?

Practical, commercially useful quantum computers are likely many years, possibly a decade or more, away, pending further breakthroughs.

Home / Science / HSBC's Quantum Trading: A Breakthrough or Blunder?

HSBC's Quantum Trading: A Breakthrough or Blunder?

12 Jan

•

Summary

HSBC claims a quantum computer achieved superior bond trading results.
Experts question if quantum mechanics caused the observed improvements.
Quantum advantage claims face scrutiny amid rapid classical computing gains.

HSBC's Quantum Trading: A Breakthrough or Blunder?

HSBC recently reported a "world first" in bond trading, utilizing a quantum computer to achieve superior results. The bank suggested this experiment positions them "on the cusp of a new frontier of computing in financial services." However, prominent quantum experts are challenging these assertions, with some deeming them "zombie claims" due to a lack of verifiable quantum mechanical influence.

This event is part of a broader trend where numerous companies, including Google and D-Wave, have claimed "quantum advantage" or "quantum supremacy." Yet, intense scientific disagreement persists. Classical computers have significantly advanced, sometimes matching or even surpassing quantum systems' performance, making verification difficult. Even Google noted a problem they estimated would take 10,000 years on a classical computer could now be solved in 200 seconds.