BMO Turns to AI and Quantum Computing to Predict Earthquakes

Why a Canadian bank is trying to predict earthquakes with quantum computers

BMO has filed a provisional patent on a quantum algorithm for seismic forecasting, and is sending mobile branches to wildfire zones with AI dispatch. The bank says it is the future of risk. Banks are not, as a rule, in the earthquake business. They are in the business of pricing risk, which is adjacent. Still, […] This story continues at The Next Web

BMO Turns to AI and Quantum Computing to Predict Earthquakes

(Bloomberg) — Bank of Montreal is betting on artificial intelligence and quantum computing to help predict earthquakes and respond to wildfires as part of the Canadian bank’s expansion in the US.

BMO turns to AI, quantum computing to predict earthquakes

Predicting natural disasters is becoming more important for banks and insurers as climate change increases their occurrence. Last year's wildfires in Los Angeles killed 31 people, destroyed more than 16,000 structures and caused as much as $131 billion in economic and property losses.