Rigetti And Adia Lab Sign Collaboration Agreement To Develop Quantum Machine Learning Solution For Probability Distribution Classification

Rigetti Computing, Inc. and ADIA Lab have signed a collaboration agreement to design, build, execute, and optimize a quantum computing solution to address the probability distribution classification problem in quantitative finance. The collaboration aims to reduce the gap to the target of narrow quantum advantage, which is when a quantum computer is able to solve a practical 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 and the potential shorter path to adoption.