quantum-computing

IBM, Cisco Team Up For Quantum Computing Network Plan. IBM Stock Gains Above Key Level.

RYAN DEFFENBAUGH

2 min read

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⚡ Quantum Brief

IBM and Cisco announced a partnership to develop a "future quantum computing internet" by the early 2030s, focusing on large-scale, fault-tolerant quantum computers interconnected via distributed networks. The collaboration aims to enable networked distributed quantum computing, allowing multiple quantum processors to work together seamlessly, potentially unlocking exponential computational power for complex problems. Both companies’ stocks rose following the announcement, buoyed by broader tech sector gains after Nvidia’s strong earnings report, signaling investor confidence in quantum infrastructure development. The initiative targets enterprise and research applications, with IBM leveraging its quantum hardware expertise and Cisco contributing networking and classical-to-quantum integration capabilities. This marks a strategic push to commercialize quantum networks before full fault tolerance is achieved, positioning the firms as leaders in the emerging quantum internet ecosystem.

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BREAKING: 119,000 Jobs Added In Sept., Jobless Rate 4.4%IBM (IBM) will partner with Cisco Systems (CSCO) to build a network of "large-scale, fault-tolerant quantum computers" by early next decade, the companies announced Thursday. Both IBM stock and Cisco shares were higher as Nvidia's earnings report lifted tech stocks more broadly.

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IBM, Cisco Team Up For Quantum Computing Network Plan. IBM Stock Gains Above Key Level.

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