Exploring the Intersection of Quantum and AI in Financial Risk Modeling: An Interview with Carmen Recio and Sergio Gago

In a recent interview conducted by Yuval Boger, Carmen Recio and Sergio Gago from Moody’s Analytics delve into the intersection of quantum computing and artificial intelligence (AI) in the financial services industry. Recio defines herself as an applied researcher in quantum computing, specifically focusing on its application in the financial sector. She leads the Moody’s Analytics team alongside Gago, who is the Managing Director of both AI and quantum computing at Moody’s.

During the interview, the topic of hype surrounding AI and quantum computing arises. Gago expresses that there is often a misunderstanding regarding how these technologies pair together and mentions that AI, particularly the ChatGPT model, has been stealing the spotlight and budget from quantum computing. He explains that many innovation teams may have limited resources and struggle to balance the adoption of multiple emerging technologies. However, the practicality and clear use cases of AI, exemplified by ChatGPT, have made it more digestible for businesses to integrate into their existing processes.

Despite the attention received by AI, Moody’s recognizes the potential of quantum computing. The company primarily focuses on data analysis and generating insights from vast amounts of data, specifically in Moody’s Analytics. Quantum computing offers the opportunity to disrupt, improve, or complement the traditional solutions currently used in financial risk modeling. Whether it is enhancing machine learning, simulation, optimization, or full portfolio optimization, Moody’s is exploring every avenue to stay ahead in the evolving landscape.

Moody’s Analytics acts as a bridge between quantum companies and end-users, helping businesses understand how quantum computing integrates into their operations. While the future may hold the possibility of quantum-led AI or machine learning, for now, quantum computing remains on a different horizon, separate from AI technologies like ChatGPT.

The interview sheds light on the importance of staying informed about emerging technologies and their potential impact on industries. As companies like Moody’s navigate this landscape, they seek to leverage the benefits and opportunities offered by quantum computing while also adapting to the evolving role of AI.

– Quantum computing: A field that utilizes quantum mechanics principles to perform computations, allowing for faster and more complex processing, particularly in handling large datasets and solving optimization problems.
– Artificial intelligence (AI): The simulation of human intelligence in machines, enabling them to perform tasks that typically require human intelligence, such as speech recognition, problem-solving, and data analysis.


Source article: N/A