Shares of quantum-computing companies jumped after reports that the Trump administration is investing $2 billion in grants and acquiring minority stakes in nine quantum-computing firms. IBM is a major beneficiary, expected to receive $1 billion to accelerate specialized chip development for quantum computing. This government backing signals increased support for advancing quantum technology, potentially boosting innovation and market growth in the sector.
Quantum computing stocks, including IBM and others, jumped after the US Commerce Department announced grants to nearly a dozen companies to boost the domestic quantum industry. IBM plans to create a standalone quantum foundry in partnership with the ...
The U.S. government plans to award $2 billion in grants to nine quantum computing companies, with IBM receiving the largest share of $1 billion. This funding, part of the 2022 Chips and Science Act, aims to boost American innovation in quantum techno...
IBM and the U.S. Department of Commerce announced a $2 billion initiative to create Anderon, America's first dedicated quantum chip foundry. Supported by $1 billion from the CHIPS program and $1 billion from IBM, Anderon will produce advanced 300mm q...
IBM and Oracle, two large-cap enterprise tech firms, have lagged the broader market despite strong AI-driven revenue growth and expanding backlogs. Oracle's cloud infrastructure revenue surged 84% year-over-year with AI infrastructure up 243%, backed...
IBM announced an expansion of its enterprise security program to combat AI-powered cyberattacks, partnering with Anthropic in Project Glasswing to protect critical software infrastructure. The initiative focuses on identifying and fixing vulnerabilit...
