Goldman Sachs: Financial-services industry first to benefit from quantum computing

When quantum computing hits the market, the financial-services industry could be the first to benefit, a Goldman Sachs Group Inc. executive said at a quantum-computing panel event.

In the universe of industries where there is a potential quantum advantage, you could argue that finance has got the shortest path to impact. That’s because a quantum algorithm could be deployed to a new financial model in days or weeks, while approving a new material or drug discovered by a quantum computer is likely to take years” said Jeremy Glick, head of R&D engineering at Goldman Sachs. (The Wall Street Journal)

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