QpiAI’s Singapore bet: Put quantum hardware in the hands of finance students

Singapore, home to rich financial institutions, a national quantum strategy, and numerous conference panels, lacks a physical quantum computer that can be used by finance undergraduates. To bridge this gap, India-based quantum hardware startup QpiAI has signed a two-year Memorandum of Understanding (MOU) with Singapore Management University (SMU).

This agreement allows SMU researchers and students to use QpiAI’s Kaveri, a 64-qubit superconducting quantum computer, and its QCloud development platform. The partnership highlights the difficulty of gaining access to physical quantum machines in Singapore and the challenge of conducting hands-on experimentation. SMU, known for business, accountancy, and law, will focus on real-time fraud detection, portfolio optimization, risk management, route optimization, resource allocation, urban mobility planning, and Monte Carlo simulations.

The partnership also aims to create executive and continuing education modules in Quantum AI for Finance, as well as no-code labs. QpiAI's choice of SMU, a business school rather than a physics-focused university, indicates a focus on potential future payers of quantum applications. The company’s roadmap includes India’s 128-qubit Ganges chip and a quantum chip foundry in Bengaluru.