Xanadu, a full-stack photonic quantum computing firm, and Multiverse Computing, a leader in quantum computing for the financial industry, announced today new cooperation to expand Multiverse’s use of Xanadu’s open-source software, PennyLane. A quantum machine learning open-source platform that will speed up the development of Multiverse’s innovative quantum-based solutions for the finance industry.
“With PennyLane at the core of Multiverse’s product suite, our financial services clients will gain access to tools and best practices in quantum programming, backed by one of the world’s largest open-source quantum communities,
We see PennyLane as a critical tool for validating our product
Samuel Mugel, CTO of Multiverse Computing.
efforts, enhancing our ability to rapidly test and deploy new quantum capabilities across our financial user community.
Multiverse Computing is a company with expertise in quantum control, computational methods, and finance, it can get the most out of current quantum devices. The collaboration with Xanadu will allow applications on financial services to increase efficiency through enhanced speed, with stronger risk bank intelligence in areas of risk modeling to market forecasting.
Pennylane has proven itself ever since its initial release three years ago, it has captured a lot of attention. Its concept of quantum differentiable programming is used in quantum chemistry and quantum computing. It combines classical machine learning libraries with hardware and simulators, allowing users to train quantum computers in the same way the neural networks are trained.
“We continue to see broader adoption of PennyLane with innovative startups like Multiverse. Xanadu’s open-source software is an excellent vehicle for accelerating development and reducing the time to market for new quantum products,
The collective knowledge of Multiverse’s scientists and their clients provides feedback benefiting the broader open-source community and improving PennyLane.
Rafal Janik, Xanadu’s Head of Product.