Press Release
Rack-mounted ion-trap quantum processor

February 3rd, 2022

Quantum computing: How to crack complex calculations

  • strategic partnerships enable quantum projects from conception to implementation

  • AQT manufactures quantum computing hardware in a standard 19-inch cabinet, with no air conditioning and a footprint of just two square metres

  • White paper reflects on applications of quantum software and quantum hardware in finance

Innsbruck, 3 February 2022 – Quantum computer technology is just entering the world of end users. Many companies have already acquired strategic knowledge, are examining innovative use cases, identifying processes, and creating forward-looking applications, for instance in the financial sector. The strategic partners AQT, JoS QUANTUM, SVA, and NTT have summarised the key findings of an application-oriented solution from the financial sector in a whitepaper.

There are numerous use cases and applications that deliver a return on investment in finance. These are for example:

  • Portfolio optimisation and asset allocation
    Applications based on quantum technology could achieve better results, create solutions in less time or take more dependencies into account than classical computers.

  • Risk management
    Results determined with a quantum algorithm allow for a quadratic speed-up compared to classical Monte Carlo methods.

  • Generation of synthetic data
    This creates advantages in terms of risk analyses of financial infrastructures. Increases in the stability of energy networks can be expected.

“Quantum technology is a way to enable new paradigms of information processing in quantitative and computational finance. They promise, for instance, improved financial models”
Dr. Thomas Monz, CEO AQT

The quantum computer technology developed by AQT simplifies the use of a quantum computer in several ways.

  • the hardware is used in your own data centre (on-premise) or via the cloud as Quantum-as-a-Service (off-premise)
  • the hardware components only require around 2 square metres and fit exactly into a standard 19-inch rack.
  • the energy consumption is less than 3kW, the quantum computer is operated at normal room temperature between 20 and 25 degrees Celsius
  • there is no need for complex air-conditioning units for cooling
  • monitoring systems are available for remote maintenance
  • the quantum hardware is compatible with the largest “out-of-the-box” software development frameworks such as Qiskit, Cirq and Pennylane.

At AQT, we strive for networking through cooperation and partnerships on an international level. We are available to our customers with state-of-the-art quantum hardware for innovative projects.

Image 1: Industry-standard quantum computer
Photo: Dieter Kühl

Image 2: Rack-mounted ion-trap quantum processor
Photo: Dieter Kühl

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Franz Domig

Franz Domig
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+43 720 262627 126
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