JPMorganChase, AMD and quantum computing firm Oxford Quantum Circuits today announced a collaborative research program to develop a dedicated quantum-AI platform.

Under the agreement, JPMorganChase researchers will test near-term quantum and hybrid quantum-classical computing applications inside a secure enterprise environment, examining how quantum computing, AI and high-performance classical infrastructure can work together on complex financial services problems.

The companies said they will use the platform to study applications such as portfolio optimization and quantum machine learning, while also developing specialized AI models designed to improve quantum circuit performance.

They plan to investigate how quantum-enhanced AI models can speed the discovery of algorithms to be used for financial use cases.

“Quantum computing has to move from isolated experiments into the secure compute environments where enterprises actually work,” Gerald Mullally, chief executive of OQC, said in the release.

Lori Beer, global chief information officer of JPMorganChase, said the bank’s industry depends on understanding complexity, managing risk and making decisions with speed and confidence. “Through this partnership, our teams will have a dedicated environment to research the near-term utility of hybrid quantum-classical computing in finance,” she said.

The New York-based bank JPMorgan has developed quantum algorithms for risk analysis, deep hedging, option pricing, and portfolio optimization and led a $300 million investment round in Quantinuum, a quantum computer development company.

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