IBM sends signals with its $10 billion quantum pledge

IBM Pours $10 Billion Into Quantum, But Bill Gates Warning and Profit-Taking Trigger 16% Slide

Big Blue is making history in the lab while taking a beating on the trading floor. The stock tumbled 16% from its all-time high of $333 in early June, sliding to roughly $268, as investors who rode the AI rally suddenly hit the sell button. On European exchanges, the retreat was just as stark: from […] The post IBM Pours $10 Billion Into Quantum, But Bill Gates Warning and Profit-Taking Trigger 16% Slide appeared first on NewsCase.

IBM sends signals with its $10 billion quantum pledge

“The quantum era is no longer ahead of us, it has started,” said IBM CEO Arvind Krishna in statement tied to news that the company is committing $10 billion to advancing quantum computing and commercializing the technology. IBM will spend the money over the course of the next five years on research and development, capital expenses, partnerships, manufacturing, and mergers and acquisitions, according to its June 2 announcement and a related fili…