IBM to Invest 10 Billion Dollars in Quantum Computing
IBM announced a ten billion dollar investment over five years to develop a reliable large-scale quantum computer by 2029. The initiative includes a new chip manufacturing venture called Anderon which is supported by federal funding to secure domestic leadership in the emerging technology sector.
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INTL BUSINESS MACHINES CORP will invest $10 billion over five years to build a large-scale, error-free quantum computer by 2029.
The plan follows a $2 billion United States government initiative to fund nine quantum firms to counter China.
