MarketsIBM CEO Predicts Quantum Computing Will Generate Revenue by 2028
Arvind Krishna anticipates significant revenue from quantum computing as investments surge, revealed during a CNBC interview.
By Helene Braun|Edited by Sheldon Reback Jul 31, 2026, 3:39 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on IBM CEO Arvind Krishna (Alex Wong/Getty Images)SummaryShow- IBM anticipates quantum computing will start contributing to its revenue and profits by 2028 or 2029, according to CEO Arvind Krishna.
- Companies like Alphabet, IonQ, and Rigetti are competing to commercialize this emerging technology.
- The crypto sector, particularly Bitcoin miners, is closely monitoring quantum computing's implications for security and infrastructure.
IBM CEO Arvind Krishna has stated that quantum computing is on the verge of achieving a major milestone by generating substantial commercial revenue. He believes the technology is transitioning from a research-focused initiative to a viable business.
During an appearance on CNBC's Mad Money, Krishna expressed optimism that the quantum computing sector will begin to positively impact IBM's financials by 2028 or 2029.
He noted, "By the end of the 2030s, we are now pretty convinced this is a trillion dollars of value," highlighting the long-term economic prospects of quantum computing.
As competition heightens among firms developing quantum technology, Krishna emphasized that quantum computers can perform calculations significantly faster and more efficiently than traditional computers.
IBM is in a race with other tech giants, including Alphabet, IonQ, and Rigetti Computing, to create machines that can tackle complex problems beyond the reach of today’s most advanced classical computers.
Unlike artificial intelligence, which has increased the demand for graphics processors to support large language models, quantum computing addresses a different set of challenges. Experts suggest it could enhance molecular simulations, optimize logistics, advance material science, and improve cryptographic methods.
Krishna pointed out that IBM has already showcased some of these capabilities, using quantum technology to reveal material properties that classical computers failed to model, which could lead to breakthroughs in batteries, new materials, fusion energy, and drug development.
As confidence in the commercialization of quantum computing grows, so does investment in the field. In May, IBM announced plans for a dedicated quantum chip foundry, backed by a $1 billion commitment from the U.S. Department of Commerce via the CHIPS incentive program, alongside an equal investment from IBM itself. Other companies are also increasing their manufacturing capabilities and forming research partnerships to advance toward fault-tolerant quantum computers.
The advancements in quantum computing are capturing the attention of the cryptocurrency industry as well. Publicly traded Bitcoin miners like MARA Holdings, Riot Platforms, and CleanSpark are diversifying into AI and high-performance computing, utilizing their data centers for new types of computing tasks.
However, quantum computers require distinct hardware and operational environments, which means the industry will have to develop new facilities and supply chains as the technology evolves.
In the crypto realm, there is concern that future quantum computers could potentially break the encryption safeguarding Bitcoin and other blockchain networks. Yet, most experts believe this scenario remains far off, and developers are already working on quantum-resistant encryption solutions. Many researchers assert that blockchain networks will have sufficient time to adapt before quantum machines become a real threat.
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