Bank of America had nine patents in quantum computing during Q2 2024. Bank of America Corp filed patents for systems and methods utilizing photonic quantum computing for voice processing, parallel data processing, and image processing. These systems involve converting data into photon beams, processing data using quantum neural networks, and extracting features for various applications. Additionally, a patent was filed for cloud computing security using a quantum encryption algorithm to enhance data protection. Another patent was filed for a scalable influence concentration community detection apparatus using optical quantum computing for fraud detection and community profiling. GlobalData’s report on Bank of America gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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Bank of America had no grants in quantum computing as a theme in Q2 2024.
Recent Patents
Application: Voice processing using photonic quantum computing (Patent ID: US20240203402A1)
The patent filed by Bank of America Corp. describes a system and method for voice processing using photonic quantum computing. The method involves converting voice data represented by classical binary bits into a first photon beam with photonic quantum bits, splitting the beam into multiple beams, and processing them using a quantum neural network. This processing includes extracting voice features, creating word embeddings, determining sentences, correlations between words, context, and intent, and sending the processed data as a second photon beam.
The apparatus and method outlined in the patent involve receiving voice data, converting it into photon beams, processing them through a quantum neural network, and extracting voice features to determine sentences, correlations, context, and intent. The system utilizes photonic quantum computing to handle voice data efficiently and accurately. Additionally, the method includes creating word embeddings, calculating correlations between words, and identifying the context of sentences, showcasing a comprehensive approach to voice processing using quantum computing technology.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
