Yes, and "IBM said it is targeting for this system to be online by end of next year". Moreover, their current offerings, such as IBM System Q 1 IBM System Q 1 are powered by "quantum simulation". For that reason, we should be skeptical of such claims. Let them connect up a large chain of them and PROVE to the world that they can compute as promised. Because simulated qubits cannot perform those tasks nearly as quickly as a true quantum computer.Why do you suppose IBM recently announced that they created the largest quantum computer so far with more than 400 qubits?