International Business Machines Corp (NYSE:IBM) and Cisco Systems Inc (NASDAQ:CSCO, XETRA:CIS) have announced a collaboration aimed at developing a network of large-scale, fault-tolerant quantum computers. The partnership combines IBM's expertise in quantum computing with Cisco's innovations in quantum networking.
Shares of IBM Corp (NYSE:IBM) are on the rise, up 2.9% at $296.81 at last glance, after news broke that the company is partnering with fellow Dow member Cisco Systems (CSCO) to build a network of "large-scale, fault-tolerant quantum computers.
The companies are targeting a connected fault-scale network by the “early 2030s” as they work toward their goal of a “quantum-computing internet.”
IBM links its AI platform with Microsoft Copilot to boost consulting efficiency, streamline workflows and tap rising AI services demand.
After an initial spark higher, Cirata PLC (AIM:CRTA) shares slipped 1.3% in early trading despite the data integration group announcing the biggest IBM deal in its history. The company has secured a $6.7 million, three-year contract to supply its Big Replicate technology to a financial services client through IBM's existing OEM sales agreement.
FOX Business' Lauren Simonetti joins 'Mornings with Maria' to give an inside look at IBM's 'Nighthawk Quantum' computer that will redefine AI, energy and the global tech race.
International Business Machines Corp (NYSE:IBM) on Wednesday unveiled its IBM Quantum Nighthawk, its most advanced quantum processor to date that is designed to deliver quantum advantage by the end of 2026. IBM said the new processor features 120 qubits with 218 next-generation tunable couplers, representing a 20% increase in couplers compared to its previous Heron processor.
IBM announced new processors that it said will help it build a “fault-tolerant quantum computer” by the end of the decade.
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International Business Machines Corp. (NYSE: IBM) was America's great tech company before Apple, Microsoft, or Alphabet.
The technology supplier said it was shifting its focus to higher-growth businesses, including A.I. consulting and software.
IBM reportedly plans to cut “thousands” of jobs during the current quarter. The company is doing so as it shifts its focus to higher-growth software and services, Bloomberg reported Tuesday (Nov. 4).