CLAIM #30948 · IBM (IBM) · 2022Q3 earnings call · Oct 19, 2022 · due Dec 31, 2023
“We remain on track towards our goal of building a 1,000-qubit system by 2023.”
Arvind Krishna · CEO
In context
“mplifying the management of multi-cloud environments on-premise. Gartner predicts that by 2026 90% of organizations will use containers. These actions represent another step in our efforts to seize this opportunity through ecosystem relationships and our technology offerings. We are actively working to introduce new innovation and shape the technologies of the future. Most recently, we unveiled the next generation of our LinuxONE server, a Linux and Kubernetes-based platform designed to support thousands of workloads within the footprint of a single system. As an example, Citibank is hosting MongoDB on IBM LinuxONE, leveraging the platform security, resiliency and elastic capacity, and helping Citi lower its overall carbon footprint. We also continue to make progress in quantum computing. We remain on track towards our goal of building a 1,000-qubit system by 2023. To advance the security of our communication networks, IBM alongside Vodafone, recently joined the GSMA’s Post-Quantum Telco Network Taskforce. This taskforce aims to introduce a framework for the telco industry to adopt new quantum safe approaches. Complementing our organic innovation, we recently acquired Dialexa. This brings our total number of acquisitions this year to seven, adding new capabilities in areas like hybrid cloud services, security, data observability and sustainability. As the world takes on the challenge of sustainability and building a more circular economy, IBM has been building a portfolio of solutions to help companies make progress on this journey. This quarter, we received recognition highlighting our sustainability efforts. The analyst firm, HFS Research and Forb”
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SEC filings for IBM ↗ · Claim quote is verbatim from the 2022Q3 earnings call.