IBM (IBM) is in a favorable position in a new race concerning “Quantum advantage” between Big Blue, Google (GOOGL), Microsoft (MSFT), and many startups. Christopher Mims of The Wall Street Journal reports. This race involves creating quantum computers that exceed the abilities of the best conventional one. Quantum computing, which may see a breakthrough in commercialization by 2030, gives the company a chance to reclaim some of its past glory.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IBM:
- DA Davidson technology analysts hold an analyst/industry conference call
- DA Davidson tech analysts hold an analyst/industry conference call
- PsiQuantum Valued at $7 Billion after $1 Billion Raise Backed by Nvidia and BlackRock
- Tech companies enabled China’s digital surveillance state, AP reports
- Citi poaches IBM executive to accelerate AI ambitions, Business Insider reports