IBM to invest $10 billion for large-scale quantum computer by 2029

IBM said on Thursday it plans to invest more than $10 billion in quantum computing over five years as it aims to build by 2029 the first large-scale quantum computer capable of running complex calculations reliably and without errors.

The announcement follows a Trump administration decision last week to take $2 ‌billion in ⁠equity stakes ⁠in nine quantum computing companies, with IBM set to receive half of the funding for a new venture called Anderon that would become the first dedicated quantum chip manufacturing facility in the U.S.