IBM to invest US$10 billion for large-scale quantum computer by 2029 - BNN Bloomberg

IBM said on Thursday it plans to invest more than US$10 billion in quantum computing over five years as it aims to build by 2029 the first large-scale quantum computer capable of running complex calculations reliably and without errors. The announcement follows a Trump administration decision last week to take US$2 billion in equity stakes in nine quantum computing companies, with IBM set to receive half of the funding for a new venture called Anderon that would become the first dedicated quantum chip manufacturing ⁠facility in the U.S. The move, part of the administration’s push to secure U…