Classiq Announces the Classiq Coding Competition ? a $25K Challenge to Encourage Innovation and Build the World's Best Quantum Circuits

Classiq, the leader in quantum computing software, today announced the Classiq Coding Competition, rewarding those that create highly-efficient quantum circuits to solve important real-world problems. The Classiq Coding Competition is the first competition focused on quantum efficiency. Quantum computers have limited resources, so building compact, optimized solutions that can make maximum use of those resources is critical.

"Creating efficient quantum algorithms is part engineering, part art. The Classiq Coding Competition is a call to the world's quantum software community to showcase their talents and demonstrate how quantum computing can take humans to new heights," said Classiq CEO Nir Minerbi. "Efficient circuits enhance the ability of any quantum computer to solve important problems."

The Classiq Coding Competition will consist of four problems and will award 17 cash prizes totaling $25,000. The top entry for each of the four problems will receive $3,000, while $1,500 and $500 will be awarded for the second and third places in each problem. Classiq will also award several $1,000 prizes to creators of the best innovative solutions as well as to the most promising youth participants under the age of 18. In addition, first-place winners will be profiled in The Quantum Insider.

A panel of esteemed judges will determine the winners. The judges are:

• Nir Minerbi, co-founder and CEO, Classiq
• Josiah Bjorgaard, HPC and quantum computing at Amazon Web Services (AWS)
• Dr. Sebastian Senge, quantum computing incubation Europe, Accenture
• Bob Sorensen, Chief Analyst for Quantum Computing, Hyperion Research
• Russ Fein, managing director, Corporate Fuel Partners

For some problems, the winning entries will be those that create a working circuit with the fewest two-qubit gates, while others will seek to minimize the circuit depth. Classiq will reveal the Classiq Coding Competition winners in mid-June.

"You would be surprised how much can be achieved with compact, efficient circuits," said Minerbi. "The onboard computer used in the Apollo 11 space mission got a man to the moon using just 72 kilobytes of ROM. Quantum computing is taking off, and the need to create elegant and efficient quantum algorithms will exist for years to come. Organizations that manage to fit larger problems into available computers will reap their quantum benefits sooner than others. The Classiq Coding Competition will encourage the creativity and ingenuity required to make this happen and highlight the art of the possible in compact, efficient circuits."

The Classiq Coding Competition is open to all parties worldwide, except Classiq employees and their families. Click here to learn about and register for the Classiq Coding Competition.

About Classiq

Classiq is the leader in quantum computing software, provides a development platform built for organizations that want to jumpstart and accelerate their quantum computing programs. Classiq's patented "CAD for quantum software" engine automatically converts high-level functional models into optimized, hardware-aware circuits. Customers use the Classiq platform to build sophisticated algorithms that could not otherwise be created, bypassing the need to work at the quantum assembly level. Backed by powerful investors such as HPE, HSBC, Samsung NEXT, NTT and others, Classiq has raised more than $50 million since its 2020 inception, built a world-class team of scientists and engineers, and distilled decades of their quantum expertise into its groundbreaking platform. With Classiq, customers can push the envelope of what's possible in quantum software, build valuable IP blocks, explore quantum solutions for real-life problems, and prepare to take full advantage of the coming quantum computing revolution. To learn more, follow Classiq on LinkedIn, Twitter or YouTube or visit www.classiq.io.