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The Pure-Play Quantum Pioneers — Lottery Tickets, Not Chokepoints · The Picks & Shovels of Quantum — Fridges, Lasers & Helium-3

IBM

IBM
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Heron R2 156-qubit; targeting Starling 2029 (200 logical qubits) and Blue Jay 2033 (2,000 logical).

What they do

Not a pure-play but the most credible legacy-tech quantum effort. Roadmap: Heron R2 156-qubit today; Loon (2027 logical-qubit operations); Quantum Starling (2029, targeted 200 logical qubits and 100M gate operations at Poughkeepsie, NY); Blue Jay (2033, targeted 2,000 logical, 1B gates). Quantum is a single-digit revenue line inside a much larger software/consulting company.