IBM has announced its commitment to invest more than $10 billion in quantum technologies over the next five years, with an objective of creating a large-scale, fault-tolerant quantum computer by 2029. The investment will support various initiatives including research, manufacturing, partnerships, and ecosystem growth.
This declaration comes in the context of the company's preliminary Q2 2026 results, which showed a modest total revenue increase of 1%, reaching $17.2 billion. While software revenue experienced a 5% rise, consulting revenue remained unchanged, and infrastructure revenue declined by 7%.
