IBM CEO Predicts Quantum Computing Impact Will be Worth Over $1 Trillion
IBM CEO Arvind Krishna spoke about quantum computing's potential impact on his company in an interview with Jim Cramer on Mad Money.
Krishna stated that quantum computing will have a measurable impact on IBM's top and bottom line by 2028 or 2029, and that it could be worth over $1 trillion by the end of the 2030s.
This comes after IBM announced several breakthroughs in quantum computing, including research with startup Algorithmiq demonstrating what they described as quantum advantage. This means a quantum computer solving certain computational problems more efficiently than today's leading classical computers, while also verifying the results.
Krishna emphasized that this technology is not just theoretical and will have real-world applications, such as better batteries, improved fusion energy, and advanced medicines.