Mentioned:
IBM is doubling down on building the future of quantum computing. And they’re prepared to spend billions of dollars to do it.
What’s happening:
- IBM (NYSE: IBM) has publicly stated they plan to invest more than $10B USD into quantum computing over the next five years
Why it matters:
- This is the single largest investment that IBM has ever committed to for delivering a large scale, fault-tolerant quantum computer
Going deeper:
- IBM has publicly stated they plan to invest heavily into research and development of new quantum computing hardware and building out their first American based quantum foundry for manufacturing quantum wafers
- The United States Department of Commerce just recently made major waves when they committed $1B USD of funding to IBM to scale up domestic quantum hardware manufacturing
The intrigue:
- Japanese national research agency RIKEN and IBM previously made waves when they partnered together to deploy the first ever IBM Quantum System Two outside of the United States of America to leverage a new type of hybrid computing system for developing breakthroughs in chemistry and materials science
