Quantum computing nears commercial breakthrough, IBM CEO says

MarketsQuantum computing nears commercial breakthrough, IBM CEO saysArvind Krishna said quantum computing will begin generating meaningful revenue before the decade ends as investment in the sector accelerates, in an interview on CNBC.By Helene Braun|Edited by Sheldon Reback Jul 31, 2026, 3:39 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowIBM expects quantum computing to contribute to revenue and profit by 2028 or 2029, CEO Arvind Krishna said.Companies including Alphabet, IonQ and Rigetti are racing to commercialize the technology.Bitcoin miners and the crypto industry are watching quantum's infrastructure needs and long-term security implications.Quantum computing may be approaching its biggest milestone yet: generating meaningful commercial revenue, according to IBM 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 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."A quantum computer can do things better, faster, cheaper, in a way that normal classical computers cannot do at this time," Krishna said.IBM, Alphabet, IonQ, Rigetti Computing and several startups are racing to build machines capable of solving problems that remain impractical for today's most powerful classical computers.Unlike AI, which has driven a surge in demand for graphics processors to train and run la…

Quantum computing nears commercial breakthrough, IBM CEO says

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