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IonQ QPUs and Classiq Software Power Winning Projects at the UK’s National Quantum Computing Centre’s 2024 Hackathon

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IonQ and Classiq announced that winners of the UK's National Quantum Computing Centre's 2024 Hackathon used IonQ quantum computers and Classiq's software to develop novel quantum applications. This marks the second consecutive year that IonQ and Classiq have collaborated to enable hackathon teams. The winning projects showcased quantum applications in risk aggregation, insurance loss evaluation, network design, and NHS forecasting.

The hackathon, part of NQCC's user engagement program SparQ, brought together 13 teams with over 70 coders to tackle practical challenges using quantum computing. Teams were evaluated on scalability and potential impact in areas such as healthcare, energy, and engineering. The event aims to drive the advancement of practical quantum computing use cases from academia to industry.

IonQ e Classiq hanno annunciato che i vincitori dell'Hackathon 2024 del National Quantum Computing Centre del Regno Unito hanno utilizzato computer quantistici IonQ e il software di Classiq per sviluppare nuove applicazioni quantistiche. Questo segna il secondo anno consecutivo in cui IonQ e Classiq collaborano per sostenere i team dell'hackathon. I progetti vincitori hanno mostrato applicazioni quantistiche in aggregazione del rischio, valutazione delle perdite assicurative, progettazione di reti e previsione per il NHS.

L'hackathon, parte del programma di coinvolgimento degli utenti SparQ del NQCC, ha riunito 13 team con oltre 70 programmatori per affrontare sfide pratiche utilizzando la computazione quantistica. I team sono stati valutati sulla scalabilità e sul potenziale impatto in aree come sanità, energia e ingegneria. L'evento punta a promuovere il progresso dei casi d'uso pratici della computazione quantistica dal mondo accademico all'industria.

IonQ y Classiq anunciaron que los ganadores del Hackathon 2024 del Centro Nacional de Computación Cuántica del Reino Unido utilizaron computadoras cuánticas IonQ y el software de Classiq para desarrollar nuevas aplicaciones cuánticas. Esto marca el segundo año consecutivo en el que IonQ y Classiq han colaborado para apoyar a los equipos del hackathon. Los proyectos ganadores mostraron aplicaciones cuánticas en agregación de riesgos, evaluación de pérdidas en seguros, diseño de redes y previsión del NHS.

El hackathon, parte del programa de participación de usuarios SparQ del NQCC, reunió a 13 equipos con más de 70 programadores para abordar desafíos prácticos utilizando la computación cuántica. Los equipos fueron evaluados en escalabilidad y potencial impacto en áreas como salud, energía e ingeniería. El evento tiene como objetivo impulsar el avance de los casos de uso prácticos de la computación cuántica desde el ámbito académico hacia la industria.

IonQ와 Classiq는 영국 국가 양자 컴퓨팅 센터(NQCC)의 2024 해커톤 우승자들이 IonQ 양자 컴퓨터Classiq 소프트웨어를 사용하여 새로운 양자 애플리케이션을 개발했다고 발표했습니다. 이는 IonQ와 Classiq가 해커톤 팀을 지원하기 위해 두 번째로 연속적인 해를 기념하는 것입니다. 우승 프로젝트는 위험 집계, 보험 손실 평가, 네트워크 설계 및 NHS 예측의 양자 애플리케이션을 보여주었습니다.

이 해커톤은 NQCC의 사용자 참여 프로그램 SparQ의 일환으로 70명이 넘는 코더와 함께 13개 팀을 모아 양자 컴퓨팅을 활용하여 실제적인 문제를 해결했습니다. 팀은 헬스케어, 에너지 및 공학와 같은 분야에서의 확장성과 잠재적 영향력을 기준으로 평가되었습니다. 이 이벤트는 학계에서 산업으로의 실제 양자 컴퓨팅 사용 사례의 발전을 촉진하는 것을 목표로 하고 있습니다.

IonQ et Classiq ont annoncé que les gagnants du Hackathon 2024 du National Quantum Computing Centre du Royaume-Uni ont utilisé des ordinateurs quantiques IonQ et le logiciel Classiq pour développer de nouvelles applications quantiques. Cela marque la deuxième année consécutive où IonQ et Classiq ont collaboré pour soutenir les équipes du hackathon. Les projets gagnants ont présenté des applications quantiques dans l'agrégation des risques, l'évaluation des pertes en assurance, la conception de réseaux et la prévision du NHS.

Le hackathon, qui fait partie du programme d'engagement des utilisateurs SparQ du NQCC, a réuni 13 équipes avec plus de 70 codeurs pour relever des défis pratiques en utilisant l'informatique quantique. Les équipes ont été évaluées sur leur évolutivité et leur impact potentiel dans des domaines tels que la santé, l'énergie et l'ingénierie. L'événement vise à promouvoir l'avancement des cas d'utilisation pratiques de l'informatique quantique du milieu académique à l'industrie.

IonQ und Classiq haben angekündigt, dass die Gewinner des Hackathons 2024 des National Quantum Computing Centre im Vereinigten Königreich IonQ-Quantencomputer und Classiq-Software verwendet haben, um neuartige Quantenanwendungen zu entwickeln. Dies markiert das zweite Jahr in Folge, dass IonQ und Classiq zusammengearbeitet haben, um die Hackathon-Teams zu unterstützen. Die gewinnenden Projekte zeigten Quantenanwendungen in Risikokonsolidierung, Verlustbewertung in der Versicherung, Netzwerkdesign und NHS-Prognosen.

Der Hackathon, der Teil des Benutzerbeteiligungsprogramms SparQ des NQCC ist, brachte 13 Teams mit über 70 Codern zusammen, um praktische Herausforderungen mit Quantencomputing anzugehen. Die Teams wurden hinsichtlich ihrer Skalierbarkeit und potenziellen Auswirkungen in Bereichen wie Gesundheitswesen, Energie und Ingenieurwesen bewertet. Die Veranstaltung zielt darauf ab, die Entwicklung praktischer Quantencomputing-Anwendungsfälle von der Akademie zur Industrie voranzutreiben.

Positive
  • IonQ's quantum computers were used by all three winning teams at the UK Quantum Hackathon
  • Collaboration with Classiq simplifies quantum circuit design process for users
  • Hackathon showcases practical quantum applications in healthcare, energy, and engineering sectors
Negative
  • None.

Insights

This hackathon showcases the growing accessibility and practical applications of quantum computing. The use of IonQ's quantum processors and Classiq's software by winning teams demonstrates the maturity of these technologies for real-world problem-solving. The diverse range of applications, from healthcare to insurance, indicates quantum computing's potential to disrupt multiple industries.

However, it's important to note that these are still early-stage applications. The true commercial viability and scalability of these solutions remain to be seen. Investors should view this as a positive indicator of IonQ's technology adoption, but not as immediate revenue potential.

This event highlights the growing ecosystem around quantum computing. The collaboration between IonQ, Classiq and the NQCC demonstrates a healthy industry dynamic that fosters innovation. For investors, this suggests a maturing market with increasing real-world applications.

The focus on practical use cases in healthcare, energy and engineering indicates potential market expansion beyond current niche applications. However, it's important to recognize that the path from hackathon projects to commercial products is long and uncertain. Investors should view this as a positive sign for long-term industry growth, but maintain realistic expectations about near-term financial impact.

Aspiring students and researchers showcase the breadth of quantum computing in areas such as healthcare, energy and engineering

COLLEGE PARK, Md.--(BUSINESS WIRE)-- IonQ (NYSE: IONQ) and Classiq, leaders in the quantum computing industry, today announced that winners of this year’s annual UK Quantum Hackathon – hosted by the National Quantum Computing Centre’s (NQCC) – used IonQ quantum computers and Classiq’s software among several other quantum systems, when developing solutions for novel quantum applications.

IonQ QPUs and Classiq Software Power Winning Projects at the UK’s National Quantum Computing Centre’s 2024 Hackathon (Photo: Business Wire)

IonQ QPUs and Classiq Software Power Winning Projects at the UK’s National Quantum Computing Centre’s 2024 Hackathon (Photo: Business Wire)

This is the second year in a row that IonQ and Classiq have teamed up to enable hackathon teams to design, optimize and execute quantum algorithms for IonQ’s quantum computers. Classiq’s software simplifies the circuit design process by allowing users to define their quantum circuit parameters before the software converts it into an optimized quantum circuit.

“We’re delighted that IonQ’s quantum computers were used by the best and brightest quantum computing talent in the UK. It’s inspiring to be part of an incredible event that fosters the next generation of quantum leaders,” said Peter Chapman, President and CEO of IonQ. “The fact that the first place winning team – and, in fact, all three winners – used IonQ for their projects is humbling and an incredible honor.”

“It is impressive to see the projects submitted by these talented students and researchers. We’re proud that Classiq’s software and our integration with IonQ has enabled them to achieve these winning results,” said Nir Minerbi, CEO and co-founder of Classiq. “The NQCC has delivered yet another world-class hackathon, and we believe it is a wonderful contribution to inspiring and developing future quantum talent.”

The winning teams presented quantum application use cases for areas like risk aggregation, evaluation for insurance losses, network design and National Health Service (NHS) forecasting. Each teams’ approach was evaluated for scalability and how each application could address challenges in areas such as healthcare, energy and engineering.

“One of the objectives of our annual UK Quantum Hackathon is to drive the advancement of practical use cases, facilitating the migration of quantum computing from academia to industry.” said Dr Michael Cuthbert, Director, NQCC. "IonQ has been a quantum processing unit (QPU) provider that has powered Hackathon winners for the past two years. We congratulate all who have been involved in this successful event.”

The UK Quantum Hackathon is the NQCC’s flagship annual event, delivered as part of their user engagement program, SparQ. From students to early career researchers, the event brought together teams of coders with industry mentors, to tackle practical challenges and develop solutions using quantum computing. During the three-day event, 13 teams including over 70 coders displayed innovative spirit and creativity.

About IonQ

IonQ, Inc. is a leader in quantum computing that delivers high-performance systems to solve the world’s largest and most complex commercial and research use cases. IonQ’s current generation quantum computer, IonQ Forte, is the latest in a line of cutting-edge systems, boasting 36 algorithmic qubits. The company’s innovative technology and rapid growth were recognized in Fast Company’s 2023 Next Big Things in Tech List and Deloitte’s 2023 Technology Fast 500™ List, respectively. Available through all major cloud providers, IonQ is making quantum computing more accessible and impactful than ever before. Learn more at IonQ.com.

About Classiq

Classiq Technologies, the leading quantum software company, provides an all-encompassing platform (IDE, compiler and OS) with a single point of entry into quantum computing, taking you from algorithm design to execution. The high-level descriptive quantum software development environment, tailored to all levels of developer proficiency, automates quantum programming. This ensures that a broad range of talents, including those with backgrounds in AI, ML and linear algebra, can harness quantum computing without requiring deep, specialized knowledge of quantum physics. Classiq democratizes access to quantum computing and equips its users to take full advantage of the quantum computing revolution, including access to a broad range of quantum hardware.

Classiq’s core technology, algorithmic quantum circuit compilation, is engineered to power the quantum ecosystem of today and the future. Classiq works closely with quantum cloud providers and advanced computation hardware developers providing software for use with quantum computers, HPC and quantum simulators.

Backed by investors such as HPE, HSBC, Samsung, Intesa Sanpaolo and NTT, Classiq’s world-class team of scientists and engineers has distilled decades of quantum expertise into its groundbreaking quantum engine. Follow Classiq on LinkedIn, X or YouTube, visit the Slack community , GitHub repository and website, www.classiq.io to learn more.

IonQ Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature are intended to identify forward-looking statements. These statements include those related to the company’s technology driving commercial advantage in the future, the ability for third parties to implement IonQ’s offerings to increase their quantum computing capabilities, the effect of increased availability of customer support functions, IonQ’s quantum computing capabilities and plans, access to IonQ’s quantum computers, increases in algorithmic qubit achievement, and the scalability and reliability of IonQ’s quantum computing offerings. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: changes in the competitive industries in which IonQ operates, including development of competing technologies; changes in laws and regulations affecting IonQ’s business; IonQ’s ability to implement its business plans, forecasts and other expectations, identify and realize partnerships and opportunities, and to engage new and existing customers. You should carefully consider the foregoing factors and the other risks and uncertainties disclosed in the Company’s filings, including but not limited to those described in the “Risk Factors'' section of IonQ’s most recent Quarterly Report on Form 10-Q and other documents filed by IonQ from time to time with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and IonQ assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. IonQ does not give any assurance that it will achieve its expectations.

IonQ Media contact:

Tyler Ogoshi

press@ionq.com

IonQ Investor Contact:

investors@ionq.co

Classiq Media Contact:

Michelle Allard McMahon

Rainier Communications

classiqPR@rainierco.com

Source: IonQ

FAQ

What was the outcome of the UK's National Quantum Computing Centre's 2024 Hackathon for IonQ (IONQ)?

IonQ's quantum computers were used by all three winning teams at the hackathon, showcasing their effectiveness in developing novel quantum applications for various sectors.

How did Classiq contribute to IonQ's (IONQ) success at the 2024 UK Quantum Hackathon?

Classiq's software simplified the quantum circuit design process, allowing users to define circuit parameters before converting them into optimized quantum circuits for IonQ's computers.

What types of quantum applications were developed using IonQ (IONQ) quantum computers at the 2024 UK Hackathon?

Winning projects developed using IonQ's quantum computers included applications for risk aggregation, insurance loss evaluation, network design, and NHS forecasting.

How many teams participated in the 2024 UK Quantum Hackathon where IonQ (IONQ) quantum computers were used?

The hackathon involved 13 teams with over 70 coders, showcasing innovative solutions using quantum computing, including IonQ's quantum processors.

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