IBM CEO Arvind Krishna: Quantum Computing to Generate Meaningful Revenue by Decade's End, Potentially $1 Trillion by Late 2030s
IBM CEO Arvind Krishna stated in a CNBC interview that quantum computing is nearing a commercial breakthrough and is expected to start generating meaningful revenue for IBM by 2028 or 2029. Krishna projects the sector could create $1 trillion in value by the end of the 2030s, highlighting its potential to solve complex problems more efficiently than traditional computers. This outlook comes as investment in quantum computing accelerates, with IBM recently announcing a $1 billion commitment from the U.S. Department of Commerce, matched by its own $1 billion investment, for a standalone quantum chip foundry.
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