IBM shows new quantum computing chip, targeting 2033 for large systems

International Business Machines on Monday showed a new quantum computing chip and machine that it hopes will serve as the building blocks of much larger systems a decade from now.

Researchers around the world are trying to perfect quantum computing, which relies on quantum mechanics to reach computing speeds far faster than classical silicon-based computers. The challenge has been to create quantum computers that are reliable enough in the real world to consistently beat conventional computers.

Microsoft, Alphabet’s Google and China’s Baidu , along with startups and nation states, are all racing to develop quantum machines.