Back

IBM Plans to Invest More Than $10 Billion in Quantum Computing by 2029

The company says the five-year investment will support large-scale fault-tolerant quantum computing (error-corrected quantum processing) and its goal of building a practical quantum system.

Summary

IBM said it plans to invest more than $10 billion in quantum computing over the next five years. The company is concentrating on large-scale fault-tolerant quantum computing (error-corrected quantum processing), an approach designed to reduce errors that can limit quantum hardware performance. IBM said its target is to build what it describes as the world’s first practical quantum system by 2029, setting a clear timeline for its long-term research and infrastructure push.

Terms & Concepts
  • Quantum computing: A computing approach that uses quantum mechanics to process information differently from classical computers, with the goal of solving some complex problems more efficiently.
  • Fault-tolerant quantum computing: A quantum computing design that uses error correction and system stability measures so computations can continue accurately despite hardware noise and failures.