IBM has signed 12 companies up for early access to its developing quantum computing system, including the banks JPMorgan Chase and Barclays, the organization announced today.
Alongside additional companies, like technology companies Samsung and several automakers including Honda Motor and Daimler, the banks will receive access to IBM’s resources and quantum computing power as the company builds out the new “IBM Q network.”
JPMorgan Chase is the “main” network partner for financial services, according to a press announcement. The company will be participating in the network to see if quantum computing could be applied to financial areas including asset pricing and risk analysis, according to the announcement.
Read more at Finextra and Bloomberg.