LightSolver, an Israeli-based company developing all-optical supercomputers, has appointed Colin Bell, former CEO of HSBC Bank plc and HSBC Europe, to its Advisory Board. With extensive experience in banking and financial markets, Bell will guide LightSolver’s go-to-market strategy for the financial industry and global enterprises.
LightSolver’s Laser Processing Unit (LPU) uses laser interactions to solve complex computational problems at the speed of light, offering potential advancements in risk management, investment, trading, and scientific simulations. This appointment underscores LightSolver’s commitment to leveraging advanced solutions to address high-performance computing challenges across various sectors.
“The potential of LightSolver’s all-optical technology to solve complex, compute-intensive challenges is remarkable and can open up new opportunities in the financial sector,” said Bell. “The outcomes of many challenges across risk management, investment and trading could be enhanced by this advanced computing method. I look forward to working with LightSolver to shape its offering and provide impactful solutions for financial institutes and beyond.”
LightSolver recently announced a partnership with engineering software simulation provider Ansys to accelerate simulations for automotive, aerospace, and other industries. It also received a €12.5M grant from the European Innovation Council (EIC) to advance its all-optical supercomputer.
“Colin Bell brings invaluable business insight and a deep network across the financial and enterprise sectors,” said LightSolver CEO and co-founder Ruti Ben-Shlomi, Ph.D. “His experience leading major institutions will be a key asset as we scale LightSolver’s commercial efforts and position our laser-based computing platform for real-world adoption. We’re excited to work with him to accelerate our growth and bring transformative computing power to the industries that need it most.”
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