Insider Brief
IBM CEO Arvind Krishna said the company expects quantum computing to begin making a measurable contribution to revenue and profit by 2028 or 2029, citing new research that he said demonstrates growing commercial potential for the technology.
Krishna said IBM‘s quantum computers are uncovering material behaviors beyond the reach of conventional computers, with potential applications in batteries, advanced materials, fusion energy and drug discovery, while the company continues investing in quantum hardware through a planned standalone chip foundry.
Addressing investor concerns following IBM‘s recent earnings-related stock decline, Krishna said delayed customer projects were being deferred rather than canceled, noting that about 40% of the postponed deals had already closed within three to four weeks.
IBM expects quantum computing to begin making a measurable contribution to the company’s financial results within the next few years, as the technology moves closer to commercial use, Chief Executive Officer Arvind Krishna told CNBC.
