Rigetti Computing (rgti) Awarded Innovate Uk Grant To Enhance Quantum Machine Learning Methods For Anti-money Laundering Detection

Rigetti UK Limited, a wholly owned subsidiary of Rigetti Computing, Inc., has been awarded an Innovate UK grant to enhance existing anti-money laundering techniques by using quantum machine learning techniques. The consortium, which includes HSBC, the Quantum Software Lab, and the National Quantum Computing Centre, aims to extend current anomaly detection quantum machine learning models to detect anomalous behavior indicating money laundering. Rigetti is focused on addressing use cases that will help move the quantum computing industry towards narrow quantum advantage (nQA).