Will Portfolio Optimization Prove Quantum Advantage this Year? With Sam Mugel from Multiverse Computing

Jun 16, 2021

In this engaging discussion, Sam Mugel, CTO of Multiverse Computing, explores how quantum computing can revolutionize finance. He highlights the potential for D-Wave's quantum annealers to vastly improve portfolio optimization, claiming they can achieve results in 170 seconds compared to a day with classical methods. Sam explains the importance of hybrid systems and shares insights from a significant collaboration with BBVA. The conversation also touches on criteria for selecting quantum use cases and an optimistic prediction for demonstrating quantum advantage by Christmas.

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ANECDOTE

Humble Origins To Fintech Startup

Multiverse began as a WhatsApp group called "Quantum for Quants" and evolved into a fintech startup serving industry clients.
Sam Mugel describes publishing research and then incorporating to commercialize quantum solutions for finance.

INSIGHT

Qubits Deliver Exponential Parallelism

Quantum bits can represent zero and one simultaneously, enabling massive parallelism in computation.
Adding qubits doubles the state space, allowing exponentially more simultaneous operations than classical bits.

INSIGHT

Annealers Are Native Optimizers

Quantum annealing is an analog tool that natively solves optimization problems rather than acting as a general-purpose computer.
This makes annealers particularly suitable for many finance optimization tasks.

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Finding a specific use case that proves quantum advantage will radically kickstart the quantum computing industry. While universal gate-based quantum computers with error correction are a few years away, annealers – quantum systems from D-Wave – are proving excellent at specific types of problems today, especially in a hybrid approach aided by classical computers. Just how excellent are these systems? We might finally have an example of portfolio optimization that provides a thousandfold boost in speed. Join host Konstantinos Karagiannis for a chat about this amazing use case with Sam Mugel from Multiverse Computing. Is 2021 the year for advantage?

For more information on Multiverse Computing, visit www.multiversecomputing.com/.

Visit protiviti.com/postquantum to learn more about how Protiviti is helping organizations get post-quantum ready.

Follow host Konstantinos Karagiannis on Twitter and Instagram: @KonstantHacker, and follow Protiviti Technology on LinkedIn and Twitter: @ProtivitiTech

Theme song by David Schwartz, copyright 2021.

Visit Protiviti at www.protiviti.com/US-en/technology-consulting/quantum-computing-services to learn more about how Protiviti is helping organizations get post-quantum ready.
Follow host Konstantinos Karagiannis on all socials: @KonstantHacker and follow Protiviti Technology on LinkedIn and X: @ProtivitiTech.
Questions and comments are welcome!
Theme song by David Schwartz, copyright 2021.
The views expressed by the participants of this program are their own and do not represent the views of, nor are they endorsed by, Protiviti Inc., The Post-Quantum World, or their respective officers, directors, employees, agents, representatives, shareholders, or subsidiaries. None of the content should be considered investment advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. Thanks for listening to this podcast. Protiviti Inc. is an equal opportunity employer, including minorities, females, people with disabilities, and veterans.