International Business Machines Corporation - IBM STOCK NEWS

IBM has announced new capabilities for IBM Watson to help businesses develop trustworthy AI. Key features include new data privacy management tools, enhanced explainability for forecasting, and federated learning capabilities. This move addresses concerns from an IBM-commissioned survey indicating that 84% of AI professionals value transparency in AI data usage. As a leader in AI innovation, IBM continues to enhance its tools to help organizations meet compliance and mitigate risks associated with AI technologies.

Saudi Payments, supervised by the Saudi Central Bank, launched the 'sarie' instant payments system in collaboration with IBM and Mastercard. This initiative enhances Saudi Arabia's financial ecosystem, supporting all banks in the Kingdom. The system accommodates transactions up to SAR 20,000 (USD 5,300) and promotes financial inclusion under Saudi Vision 2030's goal of 70% non-cash transactions by 2030. IBM GBS led the project as the system integrator, marking a significant advance in digital payments innovation.

IPwe and IBM announced their collaboration to tokenize patents as non-fungible tokens (NFTs), aiming to create a new asset class for intellectual property. This initiative will enhance the liquidity, transparency, and commercialization of patents, facilitating transactions on a blockchain network. The IPwe Platform will support these NFTs, expected to be available commercially by Q4 2021. The tokenization process aims to assist organizations, especially small and medium enterprises (SMEs), in leveraging their IP as collateral for funding.

IBM reported strong first-quarter 2021 earnings with significant growth in cloud services, driven by a rise in hybrid cloud platform adoption. The company's GAAP net income was $0.9 billion, while diluted earnings per share (EPS) stood at $1.06. IBM generated $4.9 billion in net cash from operations and reported a free cash flow of $1.5 billion. The cloud revenue soared 38%, reflecting increased client demand. Looking ahead, IBM anticipates full-year revenue growth and adjusted free cash flow of $11 billion to $12 billion in 2021, excluding certain cash impacts.

IBM (NYSE: IBM) announced its agreement to acquire myInvenio, a process mining software company based in Italy, enhancing its AI-powered automation capabilities. This acquisition aims to assist businesses in optimizing their processes through data-driven insights, targeting areas like sales and procurement. While financial details remain undisclosed, the acquisition aligns with IBM's hybrid cloud strategy. The deal is expected to close this quarter, further advancing IBM's commitment to business automation.

IBM, Red Hat, and Cobuilder announced a global collaboration to develop OpenBuilt, a platform aimed at connecting fragmented construction supply chains. Built on Red Hat OpenShift and hosted on IBM Cloud, OpenBuilt seeks to enhance communication and data exchange across the construction industry. The initiative involves five partners, including CEMEX and EDIN Network, focusing on integrating existing technologies and promoting digital workflows. The collaboration aims to tackle industry challenges such as project delays and inefficiencies, offering advanced solutions for a sustainable construction future.

BlackBerry Limited and IBM announced a new partnership to enhance security and productivity solutions in Canada. IBM will resell BlackBerry's BlackBerry Spark platform, aimed at enterprises and government organizations. This collaboration aims to address critical business challenges and support digital transformation in a landscape where security and efficiency are paramount. BlackBerry secures over 500 million endpoints globally, including 175 million vehicles, leveraging AI and machine learning for cybersecurity solutions.

IBM announced the name of its upcoming independent company, Kyndryl, derived from 'kinship' and 'tendril', symbolizing partnership and growth. This separation from its Managed Infrastructure Services business is expected by the end of 2021. Kyndryl will be headquartered in New York City and aims to establish itself as a leader in designing and managing technology infrastructure. With a customer base of 4,600, Kyndryl's focus is on providing reliable digital capabilities to major businesses worldwide.

The IBM Institute for Business Value conducted a global study with over 15,000 respondents, revealing strong consumer confidence in COVID-19 vaccines. Over half expect the vaccine to protect them. While many are eager to return to in-store shopping post-vaccination, customer expectations for personalized digital experiences have risen. The study forecasts a gradual recovery for industries like retail and travel, though 30% plan to fly more often while 23% intend to fly less. Younger generations, especially Gen Z, show unique trends, particularly regarding social interactions post-vaccination.