IBM announces development of 127-qubit quantum processor

IBM has announced the development of a 127-qubit quantum processor, both on its IBM Quantum page and during IBM Quantum Summit 2021. As part of its announcement, IBM also announced that computers running the new processor will be made available to IBM Quantum Network members and that the company has plans for launching two other, presumably more powerful processors it has named Osprey and Condor over the next two years. The current processor has been named Eagle.