IBM and AMD have agreed to collaborate on quantum computing, creating a powerful tech duo amid growing optimism that the technology will have real-world implications sooner rather than later. Why it matters: Quantum computing could have huge implications for everything from drug discovery,

IBM and AI chipmaker Advanced Micro Devices said Tuesday they were teaming up to develop "quantum-centric supercomputing."

IBM and AMD have announced a partnership to develop next-generation quantum supercomputing infrastructure, combining quantum, AI and high-performance computing to tackle complex global challenges.