At the 2026 Bund Conference main forum, Lu Chaoyang, executive dean of the USTC Shanghai Research Institute, said quantum computing is important but currently immature and not a universal accelerator. He said quantum offers true speedups only for pro

2026-09-10

At the 2026 Bund Conference main forum, Lu Chaoyang, executive dean of the USTC Shanghai Research Institute, said quantum computing is important but currently immature and not a universal accelerator. He said quantum offers true speedups only for problems with specific mathematical structure; to date there is no scientific consensus that quantum computing has delivered practical acceleration in finance, and there are no accepted quantum speedup algorithms for today’s large-model training.