For decades, “Nobody gets fired for buying IBM” was an immutable business maxim. The New York behemoth was so dominant that shopping elsewhere was admitting defeat. But IBM’s crown slipped as Asian competitors gobbled its lunch. No longer. The $120 billion firm is back at the vanguard of revolutionary technology, running more transformative quantum computers (60) than the rest of the world combined, while partnering with giants from Boeing to Sony. In just seconds, quantum computers can solve problems that would otherwise take years, from complex calculations about weather patterns to optimizing drug discovery, battery performance, and more. In November, IBM launched the most powerful quantum-processing chip ever produced—the 433-qubit Osprey—and in May set its sights even higher, announcing a 10-year plan to make a 100,000-qubit processor.
More from TIME
A weekly newsletter featuring conversations with the world’s top CEOs, managers, and founders. Join the Leadership Brief.
- The 100 Best Mystery and Thriller Books of All Time
- Inside One Indian iPhone Factory
- What Beyoncé Gave Us
- Congress Avoided a Shutdown. What Happens Next?
- What Happens to Diane Feinstein's Senate Seat
- The Enduring Charm of John Grisham
- Kerry Washington: The Story of My Abortion
- Want Weekly Recs on What to Watch, Read, and More? Sign Up for Worth Your Time