IBM and Red Hat received funding and investment for a quantum chip foundry and combined cybersecurity and quantum computing initiatives.

The entities involved

• IBM →

  American multinational technology corporation

  • IBM, Rigetti Computing, Quantinuum, and IONQ are competing in the high-stakes quantum computing sector.01:06
  • MarketBeat has listed IBM, Chevron Corporation, Accenture, AT&T, and PepsiCo as dividend stocks.Sat 19:31
• Red Hat →

  American multinational software company

  • Red Hat opened an AI Centre of Excellence in Singapore, supported by EDb and working with DSTA on AI and cloud systems.Fri 11:18
  • IBM CEO Arvind Krishna stated that strong performance was achieved due to robust growth contributed by Red Hat.Thu 15:16

Related events

• IBM and Google are leading research and development in quantum computing.Jun 8
• Gartner predicts an industry shakeout for quantum computing while DARPA announces new quantum technology development.Oct 12
• Researchers from IBM and Rutgers University advance quantum computing research.Fri 16:07
• IBM, Rigetti Computing, and IONQ are leading companies in the quantum computing field, actively exploring advanced modular quantum architectures.Jun 8
• IBM is actively developing fault-tolerant quantum computers.Aug 19