Key facts
- IBM CEO Arvind Krishna stated quantum computing is nearing a commercial breakthrough.
- Quantum computing is expected to generate revenue for IBM by 2028-2029.
- Quantum computing is anticipated to unlock trillions of dollars in value by the end of the 2030s.
IBM CEO Arvind Krishna has announced that the company's quantum computing technology is nearing a significant commercial breakthrough. He stated that quantum computing is expected to begin generating revenue for IBM by 2028 or 2029. Krishna further elaborated on the potential impact of this technology, anticipating that it will unlock trillions of dollars in economic value by the end of the 2030s. This projection indicates a strong belief within IBM's leadership about the imminent commercial viability and transformative potential of quantum computing. The timeline suggests a focused effort on developing practical applications and scaling the technology to meet market demands in the next five to six years. The ultimate goal is to leverage quantum computing's unique capabilities to solve complex problems that are currently intractable for classical computers, thereby creating substantial economic benefits across various industries.