At the annual Quantum Developer Conference, IBM (NYSE: IBM) today unveiled fundamental progress on its path to delivering both quantum advantage by the end of 2026 and fault-tolerant quantum computing by 2029.

"There are many pillars to bringing truly useful quantum computing to the world," said Jay Gambetta, Director of IBM Research and IBM Fellow. "We believe that IBM is the only company that is positioned to rapidly invent and scale quantum software, hardware, fabrication, and error correction to unlock transformative applications. We are thrilled to announce many of these milestones today."