The phenomenon of “synthetic data” — which is data that once artificially generated replicates the statistical properties of real data — is a potential new tool on the horizon for investment management operations because it can be used to improve model training, portfolio optimization, stress testing, and risk analysis, according to James Tait, an affiliate… Read More >>
Goldman Sachs & QC Ware’s Monte Carlo Breakthrough: Q&A
(Editor’s note: Researchers at investment banking giant Goldman Sachs and quantum software vendor QC Ware Corp. made an unusual announcement late last month. They declared that they achieved a breakthrough for Monte Carlo simulations. However, they noted that the advancement may have more meaning in about five years. Simply put, the breakthrough is a quantum… Read More >>
