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IBM partners with Google Cloud to boost AI adoption and invests $10B in quantum computing by 2029

Market News
04 Jun 2026
Lekha Gupta
View Source
Bullish
pluang ai news

IBM has formed a strategic partnership with Google Cloud to accelerate AI adoption across industries like banking, retail, and telecom by launching a joint Google Cloud Practice. The collaboration aims to help customers deploy and manage AI at scale beyond pilot projects. Additionally, IBM plans to invest over $10 billion in quantum computing over the next five years to develop the first large-scale, fault-tolerant quantum computer by 2029, supporting research, manufacturing, and ecosystem growth. The company’s stock is currently trading at $301.78, with analysts maintaining a Buy rating and an average price target near $297.50 ahead of its July 22 earnings report.

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