IBM’s $10 Billion Quantum Gamble: From HRL Labs Buy to 2029 Fault-Tolerant Machines

IBM’s Arvind Krishna Predicts Quantum Computing Will Become a Meaningful Business by 2028: 'We Are Now Pr

IBM CEO Arvind Krishna expects quantum computing to become a meaningful business by 2028, with a potential $1 trillion opportunity ahead.

IBM’s $10 Billion Quantum Gamble: From HRL Labs Buy to 2029 Fault-Tolerant Machines

IBM just placed one of the biggest bets yet in the race for practical quantum machines. The company agreed to acquire HRL Laboratories from Boeing and General Motors. The move adds electron spin qubit expertise to IBM’s long-standing focus on superconducting circuits. And it signals a shift. No longer content with a single technology path, Big Blue now pursues multiple routes at once. The deal, reported Monday by Yahoo Finance, comes as IBM comm…

IBM Genesis Mission Award Pairs $50M in Quantum Access With Algorithm-First AI Research

The U.S. Department of Energy has selected IBM for a Phase I Genesis Mission project focused on AI-assisted quantum application development. The company also plans to provide up to $50 million in access to IBM quantum systems for DOE national laboratories and their partners over the next five years. The Genesis Mission is building a national scientific-computing framework that brings together AI, classical high-performance computing, quantum com…

IBM Quantum Computing Revenue Expected by 2028, CEO Says

IBM quantum computing revenue is officially on the clock. Chief Executive Officer Arvind Krishna told CNBC that the company expects quantum computing to begin making a measurable impact on earnings by 2028 or 2029, a milestone he said is backed by new research demonstrating the technology’s growing commercial potential. Speaking on CNBC’s Mad Money, Krishna said IBM believes quantum computing is approaching an inflection point after decades of r…