Citi and Classiq advance quantum solutions for portfolio optimization using Amazon Braket

Citi Innovation Labs, a group tasked with identifying and harnessing emerging technology for Citi, partnered with Classiq on this project for their expertise and support. Classiq’s stack allows modeling at a higher level of abstraction tailored for quantum software development, bridging the gap between the quantum information and financial worlds, offering access to subject-matter experts and tools that make it easy to design quantum algorithms. Classiq uses Amazon Braket to access on-demand simulators and quantum processing units (QPUs).