IBM Announces Billion-Dollar Investment Plan for Quantum Computers

IBM disclosed in a filing to the SEC on Thursday that the company will invest more than $10 billion over the next five years, committed to delivering the first large-scale fault-tolerant quantum computer by 2029.

This timeline highly coincides with the previously reported goals of Quantinuum's Apollo system, with the two companies directly competing in the commercialization race of quantum computing. It is worth noting that IBM just received $1 billion in government equity support from the Trump administration's special funds through the CHIPS Act last week, making it the company receiving the largest single allocation in this round of national-level support for quantum computing.