JPMorgan Chase partners with Argonne

LEMONT - A new partnership with Argonne National Laboratory may eventually help JPMorgan Chase better serve banking and credit card customers, the agency said.

JPMorgan Chase has become a member of the Q-NEXT quantum research center, which is led by Argonne and the U.S. Department of Energy. With the addition of JPMorgan, the Q-NEXT collaboration now comprises 27 institutional partners: 14 companies, 10 universities and three DOE national labs.

JPMorgan Chase will collaborate with Q-NEXT to advance the use of quantum technologies for fundamental algorithms, and to advance the state of quantum information research. Additionally, the firm is interested in engaging with community members to build algorithms specific to financial use cases for future impact and application.

"JPMorgan Chase's research team is thrilled to be joining Q-NEXT to foster new research collaborations, engage with quantum experts across top research institutions in the industry and academia, and continue to uplift the national quantum information science community," said Marco Pistoia, managing director and head of quantum research at JPMorgan Chase.

In 2020, JPMorgan Chase opened its own Applied Research Lab to design and conduct research across multiple frontier technologies to enable novel discoveries and inventions, and inform and develop next-generation solutions for clients and businesses, the company said.