IBM announced today that it plans to invest more than $10 billion in quantum computing over the next five years. The investment will be used for research and development, capital expenditures, large-scale manufacturing, ecological cooperation and M&A transactions to comprehensively accelerate IBM's quantum computing roadmap, with the goal of launching the world's first large-scale fault-tolerant quantum computer in 2029 and consolidating the United States' leading position in the field of quantum computing.
The investment is based on the most complete quantum technology foundation in the industry, including the world's largest quantum computer cluster, the most widely used quantum software, and a network of customers and partners composed of more than 340 institutions that have been put into actual business operation. This round of investment will inject the next stage of development momentum into this technology foundation and promote IBM's move from current commercial quantum computers to fault-tolerant large-scale systems.
IBM Chairman and CEO said: "The quantum era is not the future, but has already arrived. Customers, partners and users around the world are using IBM quantum computers to complete work that was impossible a few years ago. The speed of discovery brought about by quantum computing is increasing rapidly, and this investment will support us in launching the next generation of quantum hardware, software and manufacturing capabilities."