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Quantum computers enable the processing of multiple pieces of data at the same time by using the unknown quantum state of very small particles, rather than the classical use of transistors, as the basis of computing. This may sometimes lead to far quicker processing times over standard classical machines.
The project will enable SMU and Tradeteq to develop quantum neural network algorithms and research optimal configurations of artificial neurons. This may eventually enable quicker credit assessment taking into account growing volume and variety of data that flows in Tradeteq systems.
Tradeteq currently uses AI to provide accurate and up-to-date credit scores to SMEs who would not normally be able to access financing. Through this collaboration, Tradeteq will be improving their long-term capabilities and stay at the cutting edge of global AI research for financial applications.
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