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).
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IBM said on Friday it is able to run a key quantum computing algorithm on commonly available chips from Advanced Micro Devices , in a step toward commercializing super-powerful computers.
International Business Machines Corp (NYSE:IBM)'s third quarter earnings report drew mixed reactions from analysts, who highlighted the company's strong AI and infrastructure growth while expressing differing views on software execution. For Q3, IBM reported revenue of $16.33 billion, above Wall Street estimates of $16.09 billion.
Major U.S. equities indexes mostly advanced Thursday as investors monitored China trade developments and digested the latest batch of corporate earnings. The S&P 500 and Nasdaq were higher, while the Dow Jones Industrial Average was little changed.