AWS and JPMorgan are betting big on quantum computing for finance

AWS and JPMorgan Chase have formalized a multi-year research partnership focused on applying quantum computing to core financial problems: portfolio optimization, risk analysis, and the kind of complex mathematical heavy lifting that classical computers handle slowly, expensively, or not at all. The collaboration runs primarily through Amazon Braket, AWS’s managed quantum computing service, which lets researchers experiment with different quantum hardware without building their own machines. Together, the teams are developing hybrid quantum-classical algorithms where quantum processors handle the parts of a problem they’re uniquely suited for, then hand off results to traditional computers for the rest. A key milestone came in May 2024, when a joint study by the two organizations examined quantum speedups for a class of problems called maximum independent set problems. The findings were published in Physical Review Research, a peer-reviewed journal. At AWS re:Invent 2025, the partnership reported scaling hybrid quantum experiments to hundreds of qubits using Rydberg atom hardware. The session specifically highlighted a quantum algorithm called qReduMIS, focused on optimization prob...