In a new paper in Science Advances, researchers at JPMorgan Chase, the U.S. Department of Energy's (DOE) Argonne National Laboratory and Quantinuum have demonstrated clear evidence of a quantum algorithmic speedup for the quantum approximate optimization algorithm (QAOA).
This algorithm has been studied extensively and has been implemented on many quantum computers. It has potential applications in fields such as logistics, telecommunications, financial modeling and materials science.
"This work is a significant step towards reaching quantum advantage, laying the foundation for future impact in production," said Marco Pistoia, head of Global Technology Applied Research at JPMorgan Chase.
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