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Crédit Agricole CIB plans quantum computing project with new partnership

The division is working with Pasqal and Multiverse Computing to design and implement new approaches running on classical and quantum computers.

Crédit Agricole says while finance has been making “substantial” use of algorithms, now it’s the turn of quantum physics “to help solve quantitative financial problems”.

Through its partnership, the bank says it will apply quantum computing to real world finance applications.

Pasqal, a French technology company, is aiming to build a quantum computer based on neutral atom arrays. Spanish firm Multiverse Computing specialises in quantum algorithms.

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