IBM is set to invest heavily in quantum computing, pouring $150 billion into the technology over the next five years. This move is seen as a response to the US government’s push to boost domestic tech production. More than $30 billion of this investment will go toward manufacturing quantum computers and mainframes in the US.
The company already leads the pack in quantum computing, with the largest number of quantum computers under its belt. Researchers believe this investment is likely aimed at supporting the US government’s policies.
The tech industry is abuzz with activity in quantum computing. Google is ramping up its efforts, with plans to release commercially viable applications within the next five years. However, not everyone is convinced that quantum tech will be ready for prime time anytime soon. Jensen Huang, CEO of NVIDIA, predicts it’ll be at least 20 years before the technology is truly usable.
Quantum Computing Takes Center Stage
Quantum computing is a rapidly evolving field, with multiple players vying for dominance. As IBM and Google push the boundaries of what’s possible, the rest of the industry is watching with bated breath. The potential applications are vast, and the companies investing heavily in the technology are likely to reap significant rewards.
The source of this information is Reuters.