A quantum computer at Rigetti Computing in Fremont.
Photographer: Manuel Orbegozo/Bloomberg
The Big Take
Goldman, JPMorgan Show Wall Street’s Split in Quantum Computing Race
As a breakthrough proves elusive in the quest to deploy the nascent technology and boost earnings, global finance is divided on how to proceed.
Roughly three years ago, Goldman Sachs Group Inc. looked like it had an edge in Wall Street’s race to master quantum computing.
The banking giant had assembled a handful of highly specialized scientists and partnered with Amazon.com to figure out how the nascent technology could be used to juice better returns for its raft of wealthy clients. They were shocked by what they found.