IBM CEO Says Quantum Computing Set for Major Commercial Push by 2028

IBM CEO Arvind Krishna says quantum computing is moving past its research phase and toward real commercial value, predicting the technology will start meaningfully contributing to the company’s revenue and profit by 2028 or 2029. Speaking on a CNBC interview, Krishna said quantum computing could represent a trillion dollars in economic value by the end of the 2030s.

Race Heats Up Among Major Players

Companies including IBM, Alphabet, IonQ, and Rigetti Computing are competing to build machines that can solve complex problems far faster than traditional computers. Krishna noted that quantum systems could transform fields like materials science, logistics, cryptography, and drug discovery, areas where classical computing struggles.

Investment and Infrastructure Ramping Up

IBM has already committed to a new quantum chip foundry, backed by $1 billion from the US Department of Commerce and a matching $1 billion from the company itself. Meanwhile, interest is also growing in the crypto sector, where some worry future quantum machines could eventually threaten blockchain encryption, though most experts say that risk remains distant as quantum-resistant safeguards are developed.