China’s Qingxing Raises Nearly 100 Million Yuan to Develop Quantum-Inspired AI

Insider Brief

• Qingxing Heterogeneous Computing completed a Series A+ funding round, bringing its total raised across two rounds in three months to nearly 100 million yuan (about $14.9 million) to develop quantum-inspired AI.
• Its RiverONE model runs on conventional GPUs and reportedly achieved at least 95% of a larger comparison model’s performance on a specialized quantum calibration task with less than one-tenth as many parameters.
• The company is working with chipmakers including Biren Technology and MetaX to adapt quantum software and AI models to their hardware, although the report did not disclose revenue from those partnerships.
• Image: Photo by GDJ on Pixabay

Qingxing Heterogeneous Computing completed a Series A+ funding round, bringing its total raised across two rounds in three months to nearly 100 million yuan (about $14.9 million) to develop quantum-inspired AI.

Its RiverONE model runs on conventional GPUs and reportedly achieved at least 95% of a larger comparison model’s performance on a specialized quantum calibration task with less than one-tenth as many parameters.

The company is working with chipmakers including Biren Technology and MetaX to adapt quantum software and AI models to their hardware, although the report did not disclose revenue from those partnerships.