China’s Qingxing Raises Nearly 100 Million Yuan to Develop Quantum-Inspired AI
Qingxing Heterogeneous Computing has completed a Series A+ round, taking its total funding across two rounds in three months to nearly 100 million yuan (about $14.9 million). The capital is intended for quantum-inspired AI development. Its RiverONE model runs on conventional GPUs and reportedly achieves at least 95% of a larger comparison model’s performance on a specialised measure.
If RiverONE's reported 95% parity on specialised tasks holds up in wider testing, it could become a near-term GPU-only option for Chinese AI teams trying to cut model size and compute costs without waiting for quantum hardware.