Efficient option pricing with unary-based photonic computing chip and generative adversarial learning

In the modern financial industry system, the structure of products has become more and more complex, and the bottleneck constraint of classical computing power has already restricted the development of the financial industry. Here, we present a photonic chip that implements the unary approach to European option pricing, in combination with the quantum amplitude estimation algorithm, to achieve a quadratic speedup compared to classical Monte Carlo methods. The circuit consists of three modules: a module loading the distribution of asset prices, a module computing the expected payoff, and a module performing the quantum amplitude estimation algorithm to introduce speed-ups. In the distribution module, a generative adversarial network is embedded for efficient learning and loading of asset distributions, which precisely capture the market trends. This work is a step forward in the development of specialized photonic processors for applications in finance, with the potential to improve the efficiency and quality of financial services.

Qibo: a framework for quantum simulation with hardware acceleration

We present Qibo, a new open-source software for fast evaluation of quantum circuits and adiabatic evolution which takes full advantage of hardware accelerators. The growing interest in quantum computing and the recent developments of quantum hardware devices motivates the development of new advanced computational tools focused on performance and usage simplicity. In this work we introduce a new quantum simulation framework that enables developers to delegate all complicated aspects of hardware or platform implementation to the library so they can focus on the problem and quantum algorithms at hand. This software is designed from scratch with simulation performance, code simplicity and user friendly interface as target goals. It takes advantage of hardware acceleration such as multi-threading CPU, single GPU and multi-GPU devices.