G2Q and Altair Enable Hybrid Classical-Quantum Workflows for Industrial-Scale Problems

Altair and G2Q, a quantum-ready software company that develops cutting-edge hybrid classical-quantum optimization algorithms, have partnered to develop a feasible, efficient platform for hybrid classical-quantum workloads and perform a fraud-detection proof of concept. Within the project, the Altair® Accelerator™ and Altair® FlowTracer™ components of the Altair® HPCWorks® platform were adapted to efficiently run a novel hybrid quantum-classical workflow to detect fraudulent credit card transactions and significantly reduce the number of false positives without a precipitous drop in the number of actual fraudulent transactions detected. The results strongly suggest that quantum computing can be efficiently integrated with HPC to begin solving industrial-scale problems that can’t be optimally addressed with classical computation alone, significantly accelerating critical science, engineering, and financial applications.