SpinQ Featured in "2024 Global Quantum Computing Industry Development Prospect"

Recently, ICV, an internationally renowned frontier technology consulting firm, together with Quantum China, a Chinese quantum technology investment research service platform, jointly released the "2024 Global Quantum Computing Industry Development Prospect." This over-100-page report showcases the landscape of global quantum computing development in 2023, revealing the latest breakthroughs and future trends in quantum computing. SpinQ, as a representative of innovative enterprises in the Chinese quantum computing sector, was highlighted in several sections of the report, particularly for its achievements in commercial applications and quantum education, receiving high praise from the analyst team.

 

The "Quantum Annual Series Report" have been published for four consecutive years, aiming to enhance the public's understanding of quantum information technology and provide comprehensive and insightful perspectives for policymakers, researchers, and business professionals in the quantum industry.

 

As the quantum computing industry progresses toward commercialization, the focus of the 2024 report has increasingly shifted from academic research to the industrial sector, with an emphasis on commercial and industrial developments. The report suggests that the quantum computing industry is poised to enter a rapid growth phase. With continuous upgrades in quantum computing hardware and optimizations in algorithms, more software and hardware companies are expected to enter the quantum computing field, driving the widespread application of quantum computing across various industries.

 

Quantum Computing Industry Ecosystem

 

Global Distribution of Quantum Computing Cloud Platforms

 

 

Focus on Commercial Applications: 

Promoting Industrial Development Through Full-Chain Layout and Cross-Field Collaboration

 

The report indicates that in 2023, companies including IBM, Google, and others have collaborated with partners in different fields to leverage quantum computing technology to solve complex problems, laying the foundation for large-scale commercial applications.

 

Among them, SpinQ, in 2023, advanced its technological layout for integrated superconducting quantum computers, launching a full-chain product portfolio that includes superconducting quantum chips, quantum chip EDA software, superconducting quantum measurement and control systems, quantum software programming frameworks, and cloud platforms. In November of that year, SpinQ successfully delivered a self-developed superconducting quantum chip to a Middle Eastern research institution, marking the first export of a superconducting quantum computing chip from China. This milestone injected new vitality into the global cooperation in the quantum computing industry chain.

 

Additionally, SpinQ entered into a strategic partnership with Ping An Bank to co-build a "Quantum Information + Fintech" platform, exploring new scenarios for the application of quantum computing in financial technology.

 

Focus on Quantum Education: 

Cultivating Quantum Professionals Through Educational Products, Competitions, and Training Camps

 

The report notes that quantum computing education continued to advance in 2023. However, as a relatively emerging and interdisciplinary field, quantum disciplines, particularly at the undergraduate level, still lack comprehensive training programs. To address the shortage of industry talent and keep pace with the industry's development, some companies have provided schools with quantum computing education equipment, online platform resources, and even practical opportunities within the company, offering students better learning resources and environments, and introducing new training models.

 

As a leading force in quantum education and outreach, SpinQ has developed several educational-grade quantum computing products suitable for university and K12 classrooms, along with corresponding lesson plans, textbooks, and training programs, providing a complete quantum computing education solution. This comprehensive approach integrates practical teaching tools, systematic lesson plans, and teacher training, bringing new momentum to the cultivation of professionals in the quantum field:

- Launched the new generation of portable nuclear magnetic resonance quantum computers, SpinQ Gemini Mini Pro and SpinQ Triangulum Mini, equipping quantum education with more operable and practical experimental teaching tools;

- Successfully held the second "SpinQ Cup" Quantum Computing Challenge Camp, offering a new avenue for popularizing quantum education among broader audiences through competition;

- Implemented quantum computing education solutions at Shenzhen Middle School and Guilin No.1 Affiliated School, helping to establish complete quantum computing teaching systems;

- Delivered educational-grade quantum computers to the Bandung Institute of Technology in Indonesia and the National Autonomous University of Mexico, supporting the cultivation of quantum talent at renowned universities worldwide.

 

 

Introducing the CTF Model to Understand the Evaluation System

for Quantum Computing Suppliers

This year’s report continues to utilize the CTF (Complete Technology Framework) model, an evaluation system for quantum computing full-stack suppliers that was first introduced last year. The CTF model helps the public better understand the development of leading quantum computing companies. According to the analysis team, the CTF model aids frontier technology clients in assessing procurement and investment decisions regarding specific technology suppliers.

 

The CTF model is presented with four layers of fan-shaped regions and a 3D coordinate system, focusing on the technical (i.e., the supplier’s technology, R&D, team, etc.) and commercial (i.e., the supplier’s revenue, customers, use cases, etc.) strengths of the suppliers. Based on their overall performance across different dimensions, suppliers are categorized into four sectors: Pilot, Overtaker, Explorer, and Chance-seeker.

 

Global Quantum Computing Supplier Evaluation System

 

In this year’s CTF model, SpinQ is classified in the Explorer sector due to its outstanding commercial performance in areas such as revenue, customer base, and use cases. This further demonstrates SpinQ’s leading commercialization capabilities in the industry. In 2023, SpinQ expanded its international market presence to over 30 countries and regions, not only introducing educational products into the Middle East, Latin America, and Southeast Asia but also completing the overseas delivery of superconducting quantum chips.

 

Currently, the research direction of quantum computing technology has shifted from increasing the number of qubits to focusing on fault tolerance. As quantum computing technology continues to mature and its application fields expand, we have reason to believe that quantum computing will have a profound impact on society in the future. As a one-stop solution provider dedicated to the industrialization and democratization of quantum computing, SpinQ will continue to innovate products and propose more practical solutions under the dual-driven strategy of technology R&D and commercial deployment, contributing to the global advancement of quantum computing technology.

 

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