IBM QUANTUM ADOPTION
QClairvoyance's quantum chemistry bet: Transitioning from research to pharma partnerships
QClairvoyance Quantum Labs has performed chemically precise simulations of eight small molecules on an actual quantum computer, marking progress towards drug discovery applications.
IBM to deploy India’s first quantum computer in Amaravati early 2027
The facility will focus on developing practical applications for quantum computing and helping Indian enterprises prepare their IT infrastructure for post-quantum cryptography.
India’s AI rules take shape; TCS profit jumps 15%
The government is set to release a consultation paper on AI regulations within a month. This and more in today’s ETtech Top 5.
Piyush Goyal takes India investment pitch to AIA, MetLife, IBM and General Atlantic
Commerce Minister Piyush Goyal promoted India as an investment destination during meetings with leading global firms. He highlighted the country's regulatory reforms and demand for services, especially in the insurance sector. Goyal met with executives from AIA Group, MetLife, General Atlantic, and IBM to discuss growth opportunities. He emphasized the importance of India's technology talent pool for future collaborations.
PM Modi asks semiconductor CEOs to step up industry participation in next phase of India’s growth
Prime Minister Narendra Modi urged India to lead in emerging technologies. He assured industry leaders of a predictable and responsive policy environment. The government is committed to fostering innovation and skilling for future growth. CEOs expressed confidence in India's semiconductor sector potential. They pledged contributions to making India a global technology hub.
Why IBM shares crashed 26%: CEO Arvind Krishna highlights customer spending shifts towards AI
IBM's second-quarter results missed expectations, impacted by customer spending shifts, triggering one of the worst crashes in its stock. CEO Arvind Krishna said clients prioritized AI infrastructure, securing supply-constrained hardware in June. He also atrributed the shortfall to execution lapses and a mainframe business setback.
RBI panel to evaluate impact of quantum tech in finance
The Reserve Bank of India has formed an eight-member committee to explore quantum technology's role in finance. Headed by an IIT Madras professor, the panel will assess opportunities, risks, and challenges. It will also review the financial sector's readiness for quantum-related threats. The committee aims to recommend a roadmap for safe adoption of quantum applications in finance within six months.
RBI to examine role of quantum technology in strengthening financial sector
The Reserve Bank of India is forming an expert committee to study quantum technology's role in finance. This new technology could revolutionize financial tasks but also poses security risks. The committee will assess current systems and recommend ways to make India's financial sector quantum-safe. The report is expected within six months.
DPDP Act reinforces trust, transparency in today’s digital economy: IBM's Sandip Patel
IBM is expanding its innovation hubs beyond Indian metros to tap into local talent, fostering inclusive technology development. The company highlights India's strong AI adoption and progress, emphasizing data sovereignty and responsible AI as crucial for global competitiveness in the AI-driven economy.
AMD stock hits all-time high, up 34% today – why AMD is Surging today and is it a buy?
Advanced Micro Devices (AMD) stock jumped 34% today, hitting an all-time high of $251. Shares soared after announcing major AI deals with OpenAI and Oracle and news of IBM using AMD chips for quantum computing. Q2 revenue reached $7.69B, up 32% YoY, with AI now 21% of total sales. Year-to-date, AMD is up 90%, outperforming most chipmakers. Wall Street consensus: Moderate Buy, average 12-month target $249.92.
IBM aims to debut Andhra quantum computer by March 2026
IBM will open a quantum computer in Amaravati’s Quantum Valley Tech Park by March 2026, featuring a 156-qubit Heron processor. Partnering with TCS, IITs, and India’s National Quantum Mission, IBM aims to boost India’s quantum ecosystem.
Algorithm application research is where the software startups of the future are going to come from: IBM’s Crowder
Crowder told ET that the company is focusing on partnering with India in its National Quantum Mission and regional initiatives, not just for skill development but also to foster application research algorithm discovery.
‘Algorithm research to spawn new winners’: IBM’s Crowder
Crowder said IBM has been suggesting to regional governments that look beyond just hardware and supply chain and also focus on creating communities of people to do algorithm application research, because that's where the software startups of the future are going to come from.
With engineering talent and targeted upskilling, India can become a global quantum computing hub
Quantum computing is revolutionising various industries by solving complex problems beyond classical computing capabilities. With advancements like entanglement, quantum cryptography, and hybrid ecosystems, significant global investments are being made.
India has the second-highest open access quantum computing users after US, says IBM executive
In an interview to ET, Jay Gambetta, vice president of IBM Quantum, said he saw big opportunities for India to become a pioneer in quantum computing in use cases as varied as sustainability and green hydrogen, efficiency of CO2 recapture process or nitrogen in agricultural yield and logistics.
Qubit by Qubit: making quantum computing accessible for the masses
Rapid innovation in chip and hardware design, coupled with subscription and as-a-service cloud offerings from companies such as IBM, HPE, Microsoft Azure and AWS, have made quantum computing infrastructure accessible.
Quantum technology can add $310 billion to Indian economy by 2030
In India, sectors such as manufacturing, high-tech, banking, and defence will likely lead the charge of adopting quantum technologies for critical and large-scale use cases, Nasscom says in a report.
India can play a role in advancing quantum computing: Arvind Krishna
People and organisations need to start learning quantum skills now as this will prove to be a competitive advantage once quantum computing becomes reality.
IBM and IIT Madras collaborate to build industry relevant skills
IBM experts will be co-offering a Quantum Computing course on the NPTEL platform
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