Rigetti Computing And Adia Lab Sign Collaboration Agreement To Develop Quantum Machine Learning Solution For Probability Distribution Classification By Investing.com

Rigetti Computing, Inc. and ADIA Lab have signed a collaboration agreement to design, build, execute, and optimize a quantum computing solution intended to address the probability distribution classification problem in quantitative finance. The goal of the collaboration is to reduce the gap to the target of narrow quantum advantage, where a quantum computer is able to solve a practical, operationally relevant problem significantly better, faster, or cheaper than a current classical solution. The finance sector is in a strong position to benefit from quantum computing due to the many complex use cases that span financial organizations.