JPMorgan hires State Street's Rob Otter to lead its quantum computing research team

Leadership Changes at JPMorgan: Rob Otter has been appointed to lead JPMorgan's quantum computing team, replacing Marco Pistoia, who recently left the bank along with Charles Lim, the former head of quantum communications and cryptography.

Focus on Quantum Computing: JPMorgan continues to prioritize its research in quantum computing amidst increasing interest in the technology, with major companies like Alphabet and IBM competing in this field.