IBM doubles down on quantum computing with $10-billion bet

IBM has announced a $10-billion investment commitment to deliver the first large-scale fault-tolerant quantum computer by 2029, according to an SEC filing. Funds will cover R&D, capital expenditure, manufacturing scale-up, and acquisitions. IBM has already deployed over 90 quantum computers. Separately, IBM also announced a $5-billion initiative using engineers and AI tools to help companies secure open-source software across the supply chain, piloted with Bank of America, JPMorgan Chase, and Visa, and set to launch commercially within 30 days via subscription.