BMO uses AI and quantum computing to predict earthquakes and tackle wildfires
Updated
Updated · Bloomberg · May 1
BMO uses AI and quantum computing to predict earthquakes and tackle wildfires
9 articles · Updated · Bloomberg · May 1
Chief AI and quantum officer Kristin Milchanowski said she created and received a provisional patent for a quantum algorithm aimed at earthquake prediction.
The Canadian bank is also using AI to help deploy mobile banking units to communities hit by wildfires, including areas affected by last year's Los Angeles fires.
The work forms part of BMO's US expansion, extending its technology efforts beyond banking services into disaster forecasting and emergency response support.
Will BMO's quantum-powered earthquake prediction actually reach clients in time to make a difference, or will technical and energy challenges slow its impact?
How does BMO balance the environmental costs of advanced AI and quantum computing with its commitment to sustainability and green finance?