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via seekingalpha.comTech & AI

DARPA Selects IBM and IonQ for Fault-Tolerant Quantum Computer Development

FROM THE WIRE · SEEKINGALPHA.COM

[close up of quantum computer system, new advanced and innovative computing technology for data processing] The U.S. State Defense Advanced Research Projects Agency (DARPA) has selected IBM (IBM [https://seekingalpha.com/symbol/IBM]) and IonQ (IONQ…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishIBM and IonQ advance in DARPA's Quantum Benchmarking Initiative; IBM targets first fault-tolerant system delivery in 2029.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01DARPA selected IBM and IonQ to lead the next phase of Quantum Benchmarking Initiative.
  2. 02IBM expects to deliver first fault-tolerant quantum system in 2029.
  3. 03Selection validates IBM's approach to building fault-tolerant quantum computing technology.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
International Business Machines CorporationIBMStock219.20 USD-0.99%today -0.59%Positive IonQ, Inc.IONQStock40.01 USD-2.25%today -3.22%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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