Sunday, July 22

MUFG-backed firm and D-Wave team up for quantum apps in finance

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Tokyo-based MDR Corporation and D-Wave Systems have signed an agreement towards developing quantum computing applications for machine learning and optimization problems.

MDR is a member of the digital accelerator program organized by MUFG (Mitsubishi UFJ Finance Group), a Japanese banking group.

MDR develops hardware, middleware and applications for quantum computing, and collaborates with Japanese domestic companies, organizations and universities.

“Quantum computing is of considerable value in areas such as finance, security and drug discovery”, said MDR’s CEO Yuichiro Minato in a statement. “However, to use quantum computing effectively, suitable mathematical models need to be developed.”

MDR has developed and provides a Python-based software development kit used to perform quantum simulations, particularly for quantum annealing.

D-Wave’s quantum computers are based on quantum annealing so MDR can “explore” its algorithms using real hardware, Minato added.

“One of our objectives is to build demonstrations of applications for quantum machine learning, including deep learning, and powerful tools for finance, automotive and drug discovery.”

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