Rigetti Computing Awarded Innovate UK Grant To Enhance Quantum Machine Learning Methods For Anti-Money Laundering Detection
Portfolio Pulse from Benzinga Newsdesk
Rigetti UK Limited, a subsidiary of Rigetti Computing, Inc. (NASDAQ:RGTI), has been awarded an Innovate UK grant to enhance quantum machine learning methods for anti-money laundering detection. The consortium, which includes HSBC, the Quantum Software Lab at the University of Edinburgh, and the National Quantum Computing Centre, aims to improve current machine learning algorithms. The project, which began on September 1, 2023, will last 18 months.
November 01, 2023 | 12:40 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
HSBC is part of a consortium that aims to enhance anti-money laundering techniques using quantum machine learning. This could potentially improve their services and reduce risk.
HSBC's involvement in the consortium could potentially lead to improvements in their anti-money laundering techniques. This could reduce risk and improve their services, potentially leading to an increase in their stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Rigetti Computing has been awarded a grant to enhance quantum machine learning methods for anti-money laundering detection. This could potentially lead to advancements in their hardware and software capabilities.
The grant awarded to Rigetti Computing could potentially lead to advancements in their hardware and software capabilities. This could increase the company's competitiveness in the quantum computing industry, potentially leading to an increase in their stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100