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IBM plans $10 billion investment for large-scale quantum computer by 2029
Reuters80d agoneutral
IBM plans $10 billion investment for large-scale quantum computer by 2029

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.

IBM commits $5 billion to secure open-source software
Reuters80d agoneutral
IBM commits $5 billion to secure open-source software

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.

This Year’s Biggest Quantum IPO Is Coming
Barrons.com82d agoneutral
This Year’s Biggest Quantum IPO Is Coming

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.

Quantinuum, Fresh Off a Federal Quantum Funding Boost, Gets IPO Pricing
Barrons.com82d agoneutral
Quantinuum, Fresh Off a Federal Quantum Funding Boost, Gets IPO Pricing

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.

Bloomberg82d agoneutral
Honeywell-Backed Quantinuum Seeks to Raise $1.05 Billion in IPO

(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

Jim Cramer Reveals Why International Business Machines (IBM) Should Be Doing Better
Insider Monkey83d agoneutral
Jim Cramer Reveals Why International Business Machines (IBM) Should Be Doing Better

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 […]

India's AI ambitions hinge on workforce re-skilling, IBM India head says
Reuters83d agoneutral
India's AI ambitions hinge on workforce re-skilling, IBM India head says

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 (RGTI) Climbs 48% on $100M Govt Backing
Insider Monkey83d agobullish
Rigetti (RGTI) Climbs 48% on $100M Govt Backing

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 […]

International Business Machines (IBM) Is Up 15.8% After Announcing $2 Billion Anderon Quantum Chip Foundry Partnership
Simply Wall St.85d agobullish
International Business Machines (IBM) Is Up 15.8% After Announcing $2 Billion Anderon Quantum Chip Foundry Partnership

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 (RGTI) Soars 19.9% on $100M Govt Funding
Insider Monkey85d agobullish
Rigetti Computing (RGTI) Soars 19.9% on $100M Govt Funding

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 […]

Review & Preview: On the Bright Side
Barrons.com85d agoneutral
Review & Preview: On the Bright Side

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.