Jul. 31 at 6:35 PM
$ZPTA Quantum computing nears commercial breakthrough, IBM CEO says
Coindesk · Jul-31-2026 11:39 AM ET
Quantum computing may be approaching its biggest milestone yet: generating meaningful commercial revenue, according to IBM (IBM.NaE) CEO Arvind Krishna, who said the technology is close to becoming a business rather than simply a long-term research project.
Speaking on CNBC's Mad Money on Thursday, Krishna said he expects the sector to begin making a measurable contribution to IBM's (IBM.NaE) revenue and profit by 2028 or 2029.
"By the end of the 2030s, we are now pretty convinced this is a trillion dollars of value," Krishna said, describing what he sees as the long-term economic potential of quantum computing.
His comments come as competition intensifies among companies developing hardware and software that exploit the principles of quantum mechanics to solve mathematical problems in seconds that would take conventional computers thousands of years.