Welcome to our dedicated page for International Business Machines news (Ticker: IBM), a resource for investors and traders seeking the latest updates and insights on International Business Machines 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.
IBM has unveiled breakthrough research in co-packaged optics (CPO) technology that could revolutionize data center operations for AI applications. The innovation enables connectivity at the speed of light through polymer optical waveguide (PWG), potentially replacing electrical interconnects in data centers.
Key benefits include:
- Over 5x power reduction compared to electrical interconnects
- Up to 5x faster AI model training
- 80x faster bandwidth for chip-to-chip communication
- 6x more optical fibers at silicon photonics chip edge
The technology has passed all required manufacturing stress tests and could significantly reduce energy consumption while accelerating AI processing. The research was conducted at IBM's facilities in Albany, NY and Bromont, Quebec.
IBM has announced it will host an Investor Day on February 4, 2025, in New York City, starting at 1PM ET. The event will feature presentations from Chairman, President and CEO Arvind Krishna, CFO James J. Kavanaugh, and other senior leadership team members who will discuss the company's strategy and key initiatives. The event will be accessible via webcast on IBM's investor relations website, with an accompanying investor presentation to be made available following the event.
IBM has launched new sustainability skills courses through its SkillsBuild platform to address the growing digital skills gap in the sustainability sector. The free online education platform offers over 1,000 courses in 20 languages, covering AI, cybersecurity, data analysis and cloud computing.
The new sustainability curriculum, launched in November 2023, features AI-powered recommendations and combines ecological and biodiversity topics with technical training in AI and data analytics. The program targets adult learners, students, and underrepresented communities in technology, including women and low-income individuals.
According to IBM chief impact officer Justina Nixon-Saintil, demand for this type of training is increasing. The courses range from introductory levels explaining sustainability-technology connections to advanced coursework focusing on practical applications in AI, cybersecurity, and ESG reporting.
Wasabi Technologies announced expansion of data management offerings by adding IBM Cloud's London data center to its storage regions. The expansion leverages IBM's Multizone Region (MZR) to help customers address regulatory requirements and utilize AI technologies securely.
Liverpool Football Club, using Wasabi AiR for media storage, will benefit from this expansion to manage club media content securely at scale. The collaboration between IBM and Wasabi aims to drive data innovation across hybrid cloud environments, particularly focusing on sports, media, and entertainment clients.
IBM's MZR infrastructure features three or more data center zones designed to maintain service consistency and enhanced resiliency, ensuring business continuity even if a single failure event occurs.
Red Hat has announced a strategic collaboration agreement (SCA) with AWS to expand the availability of Red Hat open source solutions in AWS Marketplace. The partnership focuses on two main areas: virtualization and artificial intelligence. The collaboration will enhance support for Red Hat OpenShift Service on AWS, enabling easier virtual machine migrations and application modernization. Additionally, Red Hat is expanding the availability of RHEL AI and Red Hat OpenShift AI in AWS Marketplace, supporting NVIDIA, AMD, and Intel accelerators for AI workloads.
Dun & Bradstreet (NYSE: DNB) has launched D&B Ask Procurement, a generative AI assistant developed in collaboration with IBM. The tool leverages IBM watsonx technology and Dun & Bradstreet's extensive Data Cloud, containing over 580 million business entities, to help procurement teams make faster, data-driven decisions.
The AI assistant provides critical supplier insights, integrates company data, performs multi-step analysis, and identifies suppliers for engagement. It offers real-time access to supplier risks, financials, ESG data, and beneficial ownership information through a web-based interface, transforming manual analysis processes from hours to seconds.
Red Hat has announced an expanded collaboration with Microsoft to enhance artificial intelligence and generative AI deployments in the cloud. Red Hat Enterprise Linux AI (RHEL AI) will be available on Azure Marketplace as an optimized foundation model platform for Microsoft Azure environments. The platform aims to provide consistency and scalability for organizations building and deploying gen AI models across hybrid cloud environments.
RHEL AI features enterprise-grade, open source-licensed Granite models and InstructLab tooling for model alignment. The platform will be available on Azure Marketplace in December 2024, joining other Red Hat AI offerings like Red Hat OpenShift AI and Azure Red Hat OpenShift.
IBM has announced Autonomous Security for Cloud (ASC), an AI-powered solution leveraging Amazon Bedrock's generative AI to automate cloud security management and decision-making in AWS environments. The solution addresses key challenges identified in IBM's 2024 Cloud Threat Landscape report, where misconfigurations and compliance failures were noted as top threats. ASC will use generative AI and automation to provide continuous monitoring, immediate adjustments, and proactive threat mitigation, while automating security control deployment and compliance management. The solution will be globally available in December 2024.
IBM and UFC have announced a groundbreaking partnership making IBM the UFC's first-ever Official Global AI Partner. The collaboration will introduce the UFC Insights Engine, powered by IBM's watsonx AI platform, set to launch in early 2025. The system will provide real-time analysis, fight insights, and outcome predictions across UFC's viewing platforms, reaching fans in 170 countries. The engine will leverage IBM's Granite large language models and UFC's data feeds to deliver advanced analytics, fighter tendencies, and match projections, integrating these insights into UFC's broadcasts, social media, and venue displays.
IBM announced significant quantum computing advancements at its Quantum Developer Conference. The new IBM Quantum Heron processor, combined with enhanced Qiskit software, can now accurately execute quantum circuits with up to 5,000 two-qubit gate operations, nearly doubling previous capabilities. The system demonstrates 50x faster processing compared to 2023 experiments.
The company introduced new software tools including AI-based capabilities and partner services through the Qiskit Functions Catalog. Research institutions like RIKEN and Cleveland Clinic are utilizing these advances to explore chemical and biological systems, marking progress toward quantum-centric supercomputing and quantum advantage targeted for 2029.
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