Quantum computing, which promises to significantly increase processing speeds, is still years away from full-scale commercial deployment, but some financial-services firms are turning to quantum-inspired technology for interim benefits.

Traditional computers store information as either zeros or ones. Quantum computers use quantum bits, or qubits, which represent and store information in a quantum state that is a complex mix of zero and one. Machines capable of supporting this quantum state have the potential to sort through vast numbers of possibilities in nearly real time, potentially allowing them to solve problems beyond the grasp of today’s most advanced computers.

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