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NatWest Works with 1QBit and Fujitsu to Develop New Method of Deciding Portfolio Composition

NatWest can now decide the composition for the bank’s £120bn HQLA portfolio faster and more accurately using 1QBit software and the Fujitsu Digital Annealer. NatWest recently began testing with 1QBit algorithms and the Fujitsu Digital Annealer in order to solve a complex and computationally intensive problem. The first experiment involved applying this new technology to a common, but highly...

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1QBit Raises $45M Series B Round from Fujitsu, Accenture, and Allianz to Advance Industry Applications of Quantum Computing

Strategic investment and revenue contracts fund continued development of 1QBit’s hardware-agnostic software platform and applications for solving industry’s most demanding computational challenges. Vancouver, Canada – November 28, 2017 1QB Information Technologies Inc. (1QBit), a software company solving industry’s most demanding computational challenges using the most advanced quantum and...

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Fujitsu and 1QBit Collaborate on Quantum Inspired AI Cloud Service

May 15, 2017 The combination of Fujitsu’s digital annealer hardware and 1QBit’s software will enable advances in machine learning and large-scale optimization problems. Vancouver, Canada and Tokyo, Japan — Fujitsu Limited and 1QB Information Technologies Inc. (1QBit) announced that starting today they will collaborate on applying quantum-inspired technology to the field of artificial...

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Optimization: The Science of Making Better Decisions

Optimization: The Science of Making Better Decisions

Making the best possible decisions is critical to the success of most businesses. This is particularly relevant today because companies have access to a large amount of high-quality data and they are interested in using this data to drive their decision making. The science of optimization can help businesses find the best solution among all possible solutions to maximize their performance and minimize their costs.

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Scaling Overhead of Locality Reduction in Binary Optimization Problems

By Elisabetta Valiante, Maritza Hernandez, Amin Barzegar, & Helmut G. Katzgraber Recently, there has been considerable interest in solving optimization problems by mapping these onto a binary representation, sparked mostly by the use of quantum annealing machines. Such binary representation is reminiscent of a discrete physical two-state system, such as the Ising model. As such,...

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Backgrounder

Backgrounder

1QBIT COMPANY BACKGROUNDER1QBit solves industry’s most demanding challenges by recasting problems to harness the power of quantum computing.1QBit is a global leader in advanced computing and software development. Founded in 2012, 1QBit builds hardware-agnostic software and partners with companies taking on computationally exhaustive problems in advanced materials, life sciences, energy, and...

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1Qloud

1Qloud

Solve intractable industrial optimization problems today. Prepare your business for a quantum computing revolution tomorrow.What is 1Qloud™The 1Qloud™ platform is a computational bridge that connects intractable industry problems to novel quantum-inspired optimization solutions that utilize the most advanced hardware. Our unique hardware-agnostic approach enables operations researchers, data...

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Long-Short Minimum Risk Parity Optimization Using a Quantum or Digital Annealer

By Gili Rosenberg & Maxwell Rounds In portfolio optimization, many weight allocation strategies result in long-only positions. We show how it is possible to formulate and solve an optimization problem that assigns a direction (long or short) to each weight allocation, such that the variance is minimized or maximized. This optimization problem can then be solved by many solvers, including...

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WSJ: 1QBit Seeks to Fill Quantum Computing’s Software Void

July 10, 2017 The Wall Street Journal interviewed 1QBit CEO Andrew Fursman to gain an understanding of 1QBit’s business model and role in the quantum ecosystem: "In this new model, vendors develop the quantum computing technology and specialist firms such as 1QBit build software and software extensions to make quantum computers accessible through traditional programming languages such as Python...

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