IBM to invest $10B+ over 5 years in quantum computing; targets fault-tolerant system by 2029

INTERNATIONAL BUSINESS MACHINES CORP

Plans to invest more than $10B over next 5 years in quantum R&D, capex, partnerships, manufacturing, and M&A.
Aims to deliver first large-scale fault-tolerant quantum computer by 2029.
Has deployed over 90 quantum systems, more than all other industry players combined.
Ecosystem spans 325+ Fortune 500 companies, startups, universities, and government agencies.
Investment follows Letter of Intent with Department of Commerce to build American quantum chip foundry (Anderon).

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