IBM will invest more than $10 billion over the next five years in an effort to deliver the first large-scale fault-tolerant quantum computer by 2029, according to an SEC filing on Thursday. The investment will go toward R&D, capital expenditures, scaling manufacturing capabilities and acquisitions, the company known for building the Watson supercomputer said. Last week, companies including IBM and GlobalFoundries announced the Trump administration will take stakes in quantum computing firms to secure leadership in the emerging technology.
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Under the new project, dubbed Project Lightwell, the companies said they will deploy a global force of 20,000 engineers, supported by advanced AI, to establish a trusted enterprise clearinghouse.
IBM said on Thursday it has committed $5 billion to an initiative that will deploy engineers and AI tools to help companies better secure open source software. The initiative, called Project Lightwell, seeks to create a "clearinghouse" for open source security, establishing a model for managing risks across the software supply chain. Open source software is freely available code that anyone can use and modify, and powers the technology systems of most companies.
IBM is investing $5 billion and deploying more than 20,000 engineers to help secure open source software, according to an announcement shared first with Axios.
Pasqal, the French quantum computing start-up, plans to go public through a blank-check merger in the second half of the year.
Quantum stocks are rising; here are some ETFs to consider.
Dell Technologies (DELL) stock has surged 30% in just the last five trading days. And whenever a move like that happens, the instinct for a lot of investors is obvious: chase the momentum before it disappears.
The Netherlands has blocked a US takeover of a Dutch tech company on national security grounds after warnings the deal would put the country in Donald Trump’s “stranglehold”.
Nearly half of the planned funding is slated for one profitable tech giant. And the other beneficiaries may be too speculative.
Investors looking for a pure-play bet on quantum computing are about to get their biggest opportunity of the year. Quantinuum, the quantum firm backed by industrial giant Honeywell set the terms for its initial public offering on Tuesday, announcing plans to sell nearly 21.1 million shares at an expected price range of $45 to $50 each. The company sees net proceeds of $941.7 million at the midpoint of the range, or roughly $1.09 billion if underwriters exercise an option to buy an additional 3.16 million shares.
The federal government plans to provide hundreds of millions of dollars to a number of quantum firms to support domestic foundry and technology development.
The initial public offering for Quantinuum, the quantum computing company backed by Honeywell, was priced in an encouraging sign that investors may soon have a new way to buy into the emergent technology. Quantinuum said Tuesday that it plans to sell nearly 21.1 million shares in its IPO, at an expected price range of $45 to $50 a share. A source with direct knowledge of the matter told Barron’s last year that Honeywell was looking to take the company public as soon as late 2026, market conditions permitting.
US stocks are set to open higher after Monday’s Memorial Day holiday, catching up with strong gains elsewhere as investors tentatively welcome signs of progress towards a ceasefire deal between the US, Israel and Iran. Nasdaq futures were the strongest, up 1%, while gains for the Dow Jones...
(Bloomberg) -- Quantinuum Inc., a quantum computing company backed by Honeywell International Inc., is seeking to raise $1.05 billion in its US initial public offering, capitalizing on investor enthusiasm for the technology. Most Read from BloombergNvidia CEO Urges Super Micro to Tighten Up on ComplianceTrump Doctor Visit Renews Health Scrutiny as 80th Birthday NearsTrump Says He’ll Announce Negotiated Deal With Iran ShortlyRubio Sees Good News Coming on Hormuz as Iran Talks ContinueUS, Iran Inc
Without strong leadership and process discipline, “you’re just doing science experiments, and you’re not going to go very far,” IBM’s Neil Dhar said.
We recently published Jim Cramer Discussed These 10 Stocks Including A Hidden Gem & An AI Short. International Business Machines Corporation (NYSE:IBM) is one of the stocks discussed by Jim Cramer. International Business Machines Corporation (NYSE:IBM)’s shares have struggled recently as they are down by 1.9% over the past year and by 12.9% year-to-date. RBC […]
IonQ was mysteriously absent from the government's list, but it could still be the stock to buy in the sector.
By Aditya Soni and Chandini Monnappa BENGALURU, May 25 (Reuters) - India will need a coordinated push across government, companies and academia on skilling and policy if it wants to become an AI
India will need a coordinated push across government, companies and academia on skilling and policy if it wants to become an AI powerhouse, an IBM executive said, as the technology threatens the country's position as a global services hub. IBM India head Sandip Patel told Reuters on Monday that the South Asian nation's large young workforce could give it an advantage in the global race to adopt and capitalize on the technology, which companies say can improve productivity. More than half of India's population of around 1.4 billion is under 30, giving the world's most populous nation a vast young workforce.
Rigetti Computing Inc. (NASDAQ:RGTI) is one of the 10 Stocks With Stunning Double-Digit Gains. Rigetti Computing soared by 48 percent week-on-week, after earning a $100-million financial backing from the government to support US leadership in the quantum space and develop computers capable of solving complex problems. Earlier in the week, the Department of Commerce announced […]
Trump’s $2 billion quantum computing investment reshaped the sector overnight. IBM looks safest, but pure-play investors face a tougher choice between D-Wave’s traction and Rigetti’s upside.
IBM leads a slate of companies poised to benefit from $2 billion in US government grants to support quantum computing development.
A new company backed by International Business Machines Corp. is receiving a $1 billion U.S. government investment to establish America’s first quantum foundry, supporting Wall Street forecasts that IBM will be a central player in the global quantum industry. Validating...
Earlier this week, IBM and the U.S. Department of Commerce announced a Letter of Intent to create Anderon, America’s first pure-play quantum chip foundry in Albany, New York, backed by US$1.00 billion in CHIPS incentives and a matching US$1.00 billion cash commitment from IBM plus intellectual property and staff. This partnership not only cements IBM’s role at the core of the U.S. quantum ecosystem but also creates a dedicated 300‑millimeter quantum wafer facility intended to supply multiple...
Rigetti Computing Inc. (NASDAQ:RGTI) is one of the 10 Stocks Effortlessly Climbing Double-Digits. Rigetti Computing rallied for a third consecutive day on Friday, climbing 19.87 percent to close at $26.42 apiece, as investors took heart from its $100-million financial backing from the US government. Earlier in the week, the Department of Commerce announced that it […]
IBM is a reliable AI compounder, pairing real enterprise AI growth with one of the strongest dividend track records in large-cap tech.
The Dow Jones Industrial Average rose 294 points, or 0.6%, to a record, while the S&P 500 added 0.4%—putting it up for eight straight weeks. The Nasdaq Composite ended the day 0.2% higher. There wasn’t much in the way of earnings reports on Friday, but investors were still buoyed by the swell from earlier this week.