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. Banks are not, as a rule, in the earthquake business. They are in the business of pricing risk, which is adjacent. Still, the operational job of telling the ground when it is about to move has historically belonged to seismologists, governments, and a handful of specialist insurers. Bank of Montreal would like to change that, or at least to share the work. In an interview with Bloomberg published on 1 May, Kristin Milchanowski, BMO’s recently appointed Chief AI and Quantum Officer, said the bank had filed a provisional patent on a quantum algorithm intended to help forecast earthquakes. The same team, she said, is using artificial intelligence to dispatch mobile banking units to communities affected by wildfires, including those that swept through parts of Los Angeles last year.…