News, Rumors and Opinions Thursday Morning 5-5-2022
HSBC is Working with IBM to Accelerate Quantum Computing Readiness
Wednesday, 4 May 2022,
Bank envisions application of quantum capabilities for priorities such as pricing and portfolio optimisation, sustainability, risk and fraud
Expands internal talent with quantum specialists
Mar 29, 2022
ARMONK, N.Y., March 29, 2022 — HSBC and IBM today announced that they will work together on exploring applications for quantum computing in financial services.
The new three-year collaboration is designed to bolster HSBC’s expertise in quantum computing and ensure its organizational readiness to take full advantage of the technology.
As part of the agreement, the bank will join the IBM Quantum Accelerator program, giving it access to IBM’s premium plan of quantum computing systems, including its recently announced 127-qubit processor, Eagle, as well as IBM’s quantum expertise, to help validate and progress potential quantum use cases.
HSBC will explore the use of quantum computing for pricing and portfolio optimisation, to advance its net zero goals, and to mitigate risks, including identifying and addressing fraudulent activity. The bank will upskill colleagues in quantum technology through internal training programmes, as well as actively recruiting quantum computing research scientists, to build a dedicated capability within its innovation team.
Colin Bell, Chief Executive Officer, HSBC Bank plc and HSBC Europe, said: “By investing in quantum computing we are innovating for the future, to make banking easier for our customers. This technology has the potential to transform how we run areas of the bank by addressing challenges which classical computers may never be able to solve, alone. Our work with IBM, a leading provider of quantum computing, is essential to harnessing this potentially game-changing technology for financial services.”
Read full article here: https://newsroom.ibm.com/2022-03-29-HSBC-Working-with-IBM-to-Accelerate-Quantum-Computing-Readiness
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Courtesy of Dinar Guru
Frank26 There was a major announcement [ISO20022]...the closest thing to it [that announcement] would be for them to tell you what the new exchange rate is. This [ISO20022] allows them to tell you what the new exchange rate is. It's extremely exciting.
MarkZ [via PDK] [Do you think the RV will happen even if Iraq doesn’t have its government in place?] Yes…at some point …They have already made it very clear the CBI has the authority to do it. The CBI is separate from the GOI and the IMF is screaming at the CBI to change the value of the dinar alread.
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WORLD GOLD SUPPLY & MARKET CRASH…Q&A with LYNETTE ZANG & ERIC GRIFFIN
May 4, 2022
Introduction 0:00
Question 1: 0:56 What comes first CBDC's or uncontrolled spike in 10 year yield?
Question 2: 2:10 What will happen if there’s a blow-out in the bond market? Will credit markets freeze? What happens to our credit and debit card balances?
Question 3: 4:15 Analysts are saying that market will crash sooner or later, and offer advice investing in commodities. So, if you invest in gold mining stocks, silver stocks, uranium stocks and when the crash occurs, will affect these stocks too?
Question 4: 6:39 When Lynette discusses her calculation for the fundamental value of gold, she uses Total US Debt versus Total WORLD Gold Supply. Why does she use these figures as opposed to Total US Debt versus total US Gold?
Question 5: 8:09 I am holding enough cash to pay bills thru 2022. I am debating should I convert some of that to gold?