We study quantum algorithms based on quantum (sub)gradient estimation using noisy function evaluation oracles, and demonstrate the first dimension-independent query complexities (up to poly-logarithmic factors) for zeroth-order convex optimization in both smooth and nonsmooth settings. Interestingly, only using noisy function evaluation oracles, we match the first-order query complexities of classical gradient descent, thereby exhibiting exponential separation between quantum and classical zeroth-order optimization. We then generalize these algorithms to work in non-Euclidean settings by using quantum (sub)gradient estimation to instantiate mirror descent and its variants, including dual averaging and mirror prox. By leveraging a connection between semidefinite programming and eigenvalue optimization, we use our quantum mirror descent method to give a new quantum algorithm for solving semidefinite programs, linear programs, and zero-sum games. We identify a parameter regime in which our zero-sum games algorithm is faster than any existing classical or quantum approach.

In recent years, immense progress have been made in quantum optimization techniques. In this position paper, we share our opinion on some of the challenges facing the quantum optimization community and highlight opportunities which we believe would benefit from increased attention of researchers.

Quantum Approximate Optimization Algorithm (QAOA) is one of the most promising quantum heuristics for combinatorial optimization. While QAOA has been shown to perform well on small-scale instances and to provide an asymptotic speedup over state-of-the-art classical algorithms for some problems, fault-tolerance is understood to be required to realize this speedup in practice. The low resource requirements of QAOA make it particularly suitable to benchmark on early fault-tolerant quantum computing (EFTQC) hardware. However, the performance of QAOA depends crucially on the choice of the free parameters in the circuit. The task of setting these parameters is complicated in the EFTQC era by the large overheads, which preclude extensive classical optimization. In this paper, we summarize recent advances in parameter setting in QAOA and show that these advancements make EFTQC experiments with QAOA practically viable.

Quantum computers are expected to surpass the computational capabilities of classical computers during this decade, and achieve disruptive impact on numerous industry sectors, particularly finance. In fact, finance is estimated to be the first industry sector to benefit from Quantum Computing not only in the medium and long terms, but even in the short term. This review paper presents the state of the art of quantum algorithms for financial applications, with particular focus to those use cases that can be solved via Machine Learning.