HSBC says it’s achieved a world-first breakthrough in deploying quantum computing in financial markets, as a race intensifies among some of Wall Street’s biggest firms to embed the cutting-edge technology in their daily operations. “Is this a ‘Sputnik moment’ for quantum? My instinct is yes,” said Philip Intallura, group head of quantum technologies at HSBC, referring to the pivotal event that sparked a space race between the US and Soviet Union during the Cold War. Bloomberg Tech Europe Anchor Tom Mackenzie joins Caroline Hepker on Bloomberg Radio to discuss. (Source: Bloomberg)
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A 'Sputnik Moment' | HSBC Quantum Computing Breakthrough
