Marco Pistoia
Source: JP Morgan
Ionq has commissioned the former head of applied research at JPmorgan Chase CNBC has learned to maintain hardware, algorithms and security of the next generation.
Marco Pistoia, who was head of JPMorgan's internal research group from 2020 to this year, will connect Ionq as Senior Vice President of Industry Relations. The Quantum Computing company is expected to announce on Monday.
JPMorgan, the largest US bank according to assets, recently revised the management of her research group, which worked on Quantum Computing and other advanced technologies. Quantum computing has the potential for enormous progress compared to traditional computing, and tech giants and small listed companies run to commercialize this.
Ionq is one of the larger examples of pure quantum companies. Last year, the company and competitors such as Rigetti Computing and D-Wave overthrew their shares, which are driven by excitement on the occurrence of the occurrence.
In his new role, Pistoia will report directly to the Ionq CEO Niccolo de Masi and concentrate on helping both Quantum Computing and Quantum-Safe encryption, he said during an interview last week.
“Great risk”
A sufficiently powerful quantum computer could theoretically break the encryption methods that keep the world's financial data safely.
“There is a great risk that Quantum will put against cryptography. Therefore we need the whole world to deal with quantum -visited cryptography,” said Pistoia.
Bad actors were able to “take every public key and vice versa the corresponding private key,” he said.
According to Pistoia, the advent of a commercially usable quantum computer approaches quickly.
“I think that usable quantum computers are now much closer; we speak of two to three years,” he said.
Pistoia said he hoped to continue working with JPmorgan on quantum projects and with other financial companies.
JPmorgan refused to comment on this matter.
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