IonQ, GE Research Demonstrate Potential of Quantum Computing for Risk Aggregation

IONQ GE
IONQ GE

IonQ, GE Research Demonstrate Potential of Quantum Computing for Risk Aggregation

IONQ GE
IonQ and GE explore the benefits of quantum computing for modeling multi-variable distributions in risk management.

PRESS RELEASE — IonQ (NYSE: IONQ), an industry leader in quantum computing, today announced promising early results with its partner, GE Research, to explore the benefits of quantum computing for modeling multi-variable distributions in risk management.

Leveraging a Quantum Circuit Born Machine-based framework on standardized, historical indexes, IonQ and GE Research, the central innovation hub for the General Electric Company (NYSE: GE), were able to effectively train quantum circuits to learn correlations among three and four indexes. The prediction derived from the quantum framework outperformed those of classical modeling approaches in some cases, confirming that quantum copulas can potentially lead to smarter data-driven analysis and decision-making across commercial applications. An in-depth blog post further explaining the research methodology and results is available here.

“Together with GE Research, IonQ is pushing the boundaries of what is currently possible to achieve with quantum computing,” said Peter Chapman, CEO and President, IonQ. “While classical techniques face inefficiencies when multiple variables have to be modeled together with high precision, our joint effort has identified a new training strategy that optimizes quantum computing results even as systems scale. Tested on our industry-leading IonQ Aria system, we’re excited to apply these new methodologies when tackling real world scenarios that were once deemed too complex to solve.”

While classical techniques to form copulas using mathematical approximations are a great way to build multi-variate risk models, they face limitations when scaling. IonQ and GE Research successfully trained quantum copula models with up to four variables on IonQ’s trapped ion systems by using data from four representative stock indexes with easily accessible and variating market environments.

By studying the historical dependence structure among the returns of the four indexes during this timeframe, the research group trained its model to understand the underlying dynamics. Additionally, the newly presented methodology includes optimization techniques that allow models to scale by mitigating local minima and vanishing gradient problems common in quantum machine learning practices. Such improvements demonstrate a promising way to perform multi-variable analysis faster and more accurately, which GE researchers hope lead to new and better ways to assess risk with major manufacturing processes such as product design, factory operations, and supply chain management.

“As we have seen from recent global supply chain volatility, the world needs more effective methods and tools to manage risks where conditions can be so highly variable and interconnected to one another,” said David Vernooy, a Senior Executive and Digital Technologies Leader at GE Research. “The early results we achieved in the financial use case with IonQ shows the high potential of quantum computing to better understand and reduce the risks associated with these types of highly variable scenarios.”

Today’s results follow IonQ’s recent announcement of the company’s new IonQ Forte quantum computing system. The system features novel, cutting-edge optics technology that enables increased accuracy and further enhances IonQ’s industry leading system performance. Partnerships with the likes of GE Research and Hyundai Motors illustrate the growing interest in our industry-leading systems and feeds into the continued success seen in Q1 2022.

About IonQ
IonQ, Inc. is a leader in quantum computing, with a proven track record of innovation and deployment. IonQ’s current generation quantum computer, IonQ Forte, is the latest in a line of cutting-edge systems, including IonQ Aria, a system that boasts of industry-leading 20 algorithmic qubits. Along with record performance, IonQ has defined what it believes is the best path forward to scale. IonQ is the only company with its quantum systems available through the cloud on Amazon Braket, Microsoft Azure, and Google Cloud, as well as through direct API access. IonQ was founded in 2015 by Christopher Monroe and Jungsang Kim based on 25 years of pioneering research. To learn more, visit www.ionq.com.

Matt Swayne

Matt Swayne

Matt Swayne is a contributor at The Quantum Insider. He focuses on breaking news about quantum discoveries and quantum computing.

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