tech
May 2, 2026
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.
TL;DR
- BMO has filed a provisional patent for a quantum algorithm aimed at forecasting earthquakes.
- The bank is utilizing AI to dispatch mobile branches to communities impacted by wildfires.
- BMO has launched the BMO Institute for Applied Artificial Intelligence & Quantum to consolidate research and application in AI and quantum computing.
- Quantum algorithms are theoretically well-suited for complex problems like seismic forecasting that involve large datasets and difficult computations.
- The bank's AI initiatives are already operational, improving disaster response by restoring banking services to displaced communities.
- BMO's moves position it on the investment side of the quantum computing stance, contrasting with institutions scaling back research.
- The bank appears to believe the risks of being late to quantum technology outweigh the costs of early investment, especially given its exposure to climate-driven risks.
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