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International Business Machines Corporation - IBM STOCK NEWS

Welcome to our dedicated page for International Business Machines Corporation news (Ticker: IBM), a resource for investors and traders seeking the latest updates and insights on International Business Machines Corporation stock.

International Business Machines Corporation (IBM), known as Big Blue, is an American multinational technology leader headquartered in Armonk, New York, and operates across over 175 countries. IBM is a cornerstone in the realm of enterprise IT, offering an extensive range of products and services including software, IT services, consulting, and hardware solutions. Employing around 350,000 people and collaborating with 80,000 business partners, IBM serves approximately 5,200 clients worldwide, encompassing 95% of the Fortune 500 companies.

IBM's influence extends far beyond its B2B operations. The company oversees 90% of credit card transactions globally and is responsible for half of the world's wireless connections. This significant footprint underscores IBM's pivotal role in global business and technology.

Recent developments highlight IBM's ongoing innovation and leadership. For example, the company announced its first-quarter 2024 earnings results, showcasing strong revenue and free cash flow growth, driven by its hybrid cloud and AI strategy. The acquisition of HashiCorp is expected to bolster IBM's capabilities in managing application and infrastructure complexity, creating a robust hybrid cloud platform for the AI era.

IBM is also making notable strides in sustainability. The IBM 2023 Impact Report outlines the company's commitment to environmental and societal goals, leveraging technology like AI to address these challenges. IBM aims to achieve operational net zero GHG emissions by 2030, utilizing AI-powered tools to optimize energy consumption across its facilities.

The company is expanding its software portfolio's global availability on AWS Marketplace, making it easier for clients in 92 countries to procure and deploy IBM solutions. This expansion is part of IBM's strategy to enhance digital transformation for its clients.

IBM's dedication to innovation and sustainability is further evidenced by its partnerships with the Canadian and Quebec governments to advance semiconductor research and development, significantly boosting the region's tech sector.

Overall, IBM remains a formidable force in the tech industry, consistently pushing the envelope in AI, hybrid cloud, and sustainable practices, ensuring its clients and partners can navigate and thrive in the ever-evolving technological landscape.

News

IBM Receives FedRAMP Authorization for its Federal HR Shared Services Solution

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IBM's federal HR shared service solution, IBM Federal HR Cloud, has received FedRAMP authorization. The cloud platform offers a complete suite of HR capabilities and is available to federal agencies as the HR Line of Business offering. The authorization enhances the ability of federal HR departments to securely leverage the latest technologies and services.
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IBM Introduces 'Watsonx Your Business'

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IBM launches ad campaign to introduce watsonx, an enterprise-focused AI platform. Watsonx offers unified platform for traditional machine learning and generative AI. Client data used for training is not retained by IBM. Watsonx enables automation and acceleration of various business processes. Campaign aims to highlight transformative power of AI for business.
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IBM to Participate in $235M Series D Funding Round of Hugging Face

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IBM participates in $235M funding round of Hugging Face, strengthening its position as a leading open-source AI platform.
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Fortitude Re Engages IBM to Transform and Optimize Its Life Insurance and Annuity Third Party Administration Operations

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Fortitude Re and IBM establish a $450 million, 10-year collaboration for administration of over 4 million insurance policies.
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Advancing Environmental Justice With AI

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IBM is at the forefront of using AI to address climate challenges and promote environmental justice.
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Francisco Partners to Acquire The Weather Company Assets from IBM

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The Weather Company to become standalone company as Francisco Partners acquires its assets from IBM.
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IBM Unveils watsonx Generative AI Capabilities to Accelerate Mainframe Application Modernization

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IBM announces watsonx Code Assistant for Z, a generative AI-assisted product to accelerate COBOL application modernization on IBM Z. It will be enabled by a 20 billion parameter large language model (LLM) for code. The product will be generally available in Q4 2023. Watsonx Code Assistant for Z aims to help developers selectively and incrementally transform COBOL business services into Java code, potentially impacting billions of lines of COBOL code. This solution is designed to accelerate code development, increase developer productivity, manage total cost and complexity, expand access to IT skills, and achieve high-quality code.
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Transforming Sustainable Agriculture: The Nature Conservancy Centre and IBM Unite To Reduce Crop Residue Burning in North India

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TNCC and IBM partner to reduce crop residue burning in North India through CRM Connect, a public information platform. Over 1,000 farmers are currently using the platform, covering approximately 2,200 hectares of land. The aim is to engage with 12,000 farmers by the end of this year, impacting over 25,000 hectares. TNCC and IBM aspire to reach over two million farmers in the long term and create a national and global shift towards regenerative agriculture. The project also plans to leverage AI for more valuable insights.
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IBM Consulting Collaborates with Microsoft to Help Companies Accelerate Adoption of Generative AI

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IBM is expanding its collaboration with Microsoft to accelerate the deployment of generative AI. They are offering a new service on Azure Marketplace that allows developers and data scientists to apply powerful large language models. They are also collaborating on solutions for procurement and source to pay, summarization and content generation, healthcare processes, and enterprise search and knowledge base. IBM Consulting takes an open and collaborative approach to implement generative AI solutions. They have a dedicated global practice focused on Azure Data and AI and have received recognition from Microsoft. IBM Consulting recently announced its Center of Excellence for generative AI.
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IBM and the USTA Add Generative AI Commentary and AI Draw Analysis to the 2023 US Open Digital Platforms

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IBM and the United States Tennis Association (USTA) have announced new digital fan features for the US Open, including AI-generated spoken commentary and AI Draw Analysis. The AI Commentary will provide detailed audio narration and captions for every match in the singles draw, while the AI Draw Analysis will project the level of advantage or disadvantage for each player. These features aim to enhance the fan experience and provide deeper insights into the tournament.
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FAQ

What is the current stock price of International Business Machines Corporation (IBM)?

The current stock price of International Business Machines Corporation (IBM) is $208.09 as of November 18, 2024.

What is the market cap of International Business Machines Corporation (IBM)?

The market cap of International Business Machines Corporation (IBM) is approximately 191.6B.

What is IBM known for?

IBM is known for its wide range of technology services, including software, IT services, consulting, and hardware. It plays a major role in managing global credit card transactions and wireless connections.

Where is IBM headquartered?

IBM is headquartered in Armonk, New York, United States.

What are some recent achievements of IBM?

Recent achievements include strong financial results in Q1 2024, the acquisition of HashiCorp to enhance its hybrid cloud platform, and significant progress in sustainability initiatives as outlined in the IBM 2023 Impact Report.

What is the scope of IBM's global operations?

IBM operates in over 175 countries, employs approximately 350,000 people, and collaborates with 80,000 business partners to serve around 5,200 clients, including 95% of Fortune 500 companies.

What sustainability goals has IBM set?

IBM aims to achieve operational net zero GHG emissions by 2030, leveraging AI-powered tools to optimize energy consumption and drive environmental sustainability.

How is IBM contributing to semiconductor advancements?

IBM is investing in semiconductor research and development in collaboration with the Canadian and Quebec governments, enhancing the region's semiconductor industry and capabilities.

How is IBM expanding its software availability?

IBM is expanding its software portfolio's availability to 92 countries on AWS Marketplace, streamlining procurement and deployment for clients globally.

What role does AI play in IBM's strategy?

AI is central to IBM's strategy, with significant investments in AI tools and solutions, such as the watsonx AI platform, to drive innovation and digital transformation for clients.

What is IBM's contribution to global financial transactions?

IBM manages 90% of all credit card transactions globally, playing a crucial role in the financial sector's infrastructure.

What recent strategic acquisition has IBM announced?

IBM has announced its intent to acquire HashiCorp, Inc., aiming to create a comprehensive end-to-end hybrid cloud platform for the AI era.

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International Business Machines Corporation

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IBM Rankings

#57 Ranked by Market Cap
#974 Ranked by Dividends

IBM Stock Data

191.57B
924.65M
0.12%
61.77%
2.56%
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