#Banking #Computing #HSBC - A 'Sputnik Moment' | HSBC Quantum Computing Breakthrough: Bloomberg

25 September 2025

HSBC says it's achieved a world-first breakthrough in deploying quantum computing in financial markets, as a race intensifies among some of Wall Street's biggest firms to embed the cutting-edge technology in their daily operations. "Is this a 'Sputnik moment' for quantum? 

My instinct is yes," said Philip Intallura, group head of quantum technologies at HSBC, referring to the pivotal event that sparked a space race between the US and Soviet Union during the Cold War. 

Bloomberg Tech Europe Anchor Tom Mackenzie joins Caroline Hepker on Bloomberg Radio to discuss.