HSBC (the bank) published a paper claiming “a 34% advantage in predictions of financial trading data.” Sounds too good to be true? Yes.
As they say, there are more red flags here than in a People’s Liberation Army parade. To critique this paper is not quite “shooting fish in a barrel,” because the fish are already dead before we’ve reached the end of the abstract.
Here is a good reminder that anyone who tells you they know how the future will play out has something to sell to you.
The paper can, more or less, openly admit all this right in the abstract, and yet it will still predictably generate lots of credulous articles in the business and financial news about HSBC using quantum computers to improve bond trading!—which, one assumes, was the point of the exercise from the beginning.
↗ HSBC unleashes yet another “qombie”: a zombie claim of quantum advantage that isn’t
