Moody’s launches quantum-as-a-service platform for finance

The platform allows clients to compare and benchmark quantum and classical algorithms for a given task.

According to the Moody’s Analytics website, QFStudio is a software-as-a-service (SaaS) offering that will serve as “a continuous integration, benchmark, and delivery platform” for quantum computing solutions.

The burgeoning quantum computing sector is expected to experience steady growth over the next few decades. A recent forecast predicted that quantum computing technologies would grow from a market capitalization in the United States of about $138 million in 2022 to $1.2 billion by 2030.

Currently, most of the focus in quantum computing is on research and development. Companies such as IBM, Microsoft, Google, D-Wave and Rigetti have quantum, cloud-based quantum and hybrid quantum computing offerings on the market, but most of these solutions are geared toward early movers exploring use cases.

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