DARPA Release Highlights Difficulty In Developing Quantum Finance Solutions
The DARPA research mentioned above makes the idea of a quantum computer capable of accurately predicting the stock, commodities, and cryptocurrency markets seem a bit more out of focus than many research labs may have predicted.Quantum computing remains in its infancy, but the threat of quantum attack (the use of quantum computers to break modern encryption methods) has made it a priority for governments around the world and the U.S. government is no exception.According to documents published by DARPA, this new research shows âthat it is plausible that quantum computers will provide advantage for economically valuable applications in certain chemistry, quantum materials, and materials science applications.â Unfortunately, the documents also state that, per the research:
âIt is unclear, at this point, whether any advantage can be achieved for applications in nonlinear differential equations.âWhile this certainly represents a blow to the idea that weâre on the cusp of creating quantum computers thatâll make us all rich playing the markets, it bears mention that DARPA isnât the end-all, be-all of the quantum computing world.
Companies such as Rigetti and Microsoft (the former was involved in this study and the latter has partnered with DARPA on numerous occasions) have made independent advancements in quantum computing with the government and others, such as Google and IBM, have made independent advancements in the area of âquantum advantage.â
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