Japanese Banking Giant Makes Strategic Quantum Investment
Insider Brief MUFG Bank has made a strategic investment in Groovenauts, a Japanese quantum startup, Nikkei reports. Groovenauts uses quantum annealing technology, particularly to help solve optimization problems. MUFG Bank reportedly purchased 18% of Groovenauts’ outstanding shares, worth several billion yen. MUFG Bank, one of Japan’s largest financial institutions, has made a strategic investment in […]