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 develops enterprise technology across software, consulting, hardware, hybrid cloud, artificial intelligence and quantum computing. News from IBM centers on AI platforms and services, including watsonx, IBM Enterprise Advantage, IBM Consulting Advantage, IBM Sovereign Core, watsonx Orchestrate and Red Hat technologies for hybrid and regulated environments.
Recurring updates also cover IBM Consulting client work, industry and cloud collaborations, research milestones in quantum-centric supercomputing, AI-enabled application experiences, and IBM Institute for Business Value studies on enterprise adoption and governance of AI.
IBM announced an open-source toolkit aimed at identifying and mitigating bias in advertising technology during the Cannes Lions International Festival on June 20, 2022. This initiative is part of a broader commitment by leading organizations, including Delta Air Lines and WPP, to address bias in advertising. The toolkit features 75 fairness metrics and 13 algorithms to assist companies in understanding and reducing bias in their ad campaigns. The move comes amid rising consumer concern over bias in AI, highlighting the need for fairness and transparency in marketing practices.
IBM plans to acquire Randori, an attack surface management and offensive cybersecurity provider, to enhance its cybersecurity portfolio and support its Hybrid Cloud strategy. The acquisition aims to help clients identify vulnerabilities in their systems and prioritize risks effectively. With this acquisition, IBM will integrate Randori's capabilities into its existing QRadar XDR framework, allowing for improved threat detection and incident response. This marks IBM's fourth acquisition in 2022, as it focuses on strengthening its AI and cybersecurity expertise.
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IBM has entered a strategic collaboration with Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) to advance AI research. Key focuses include Natural Language Processing, healthcare applications, and sustainability efforts. A new AI Center of Excellence will be established at the university's Masdar City campus, leveraging IBM's expertise. The collaboration enhances opportunities for students and faculty, providing access to IBM's tools and training programs. Both organizations aim to tackle significant societal challenges through AI advancements.
IBM has announced a $5 million in-kind grant to enhance cybersecurity for schools globally, expanding from six U.S. districts to ten, including schools in Brazil, Costa Rica, Ireland, and the UAE. The initiative aims to combat ransomware threats that have increased significantly, with a notable rise in attacks on educational institutions. IBM's Service Corps will provide resources and expertise, helping schools develop cybersecurity programs, incident response plans, and training for staff and students.
EY and IBM have expanded their global alliance through a new initiative to address workforce challenges post-COVID-19, such as recruitment and HR technology transformation. The new Talent Center of Excellence will leverage AI and hybrid cloud solutions to provide HR, mobility, and payroll transformation services. This initiative follows the successful launch of a previous COE for financial services and aims to deliver integrated, data-driven solutions to help organizations attract, retain, and upskill talent.
New research by IBM reveals that global AI adoption increased to 35% in 2022, reflecting a 4 percentage point rise from 2021. This growth stems from companies recognizing AI's value post-COVID-19 and investing in digital transformation. The study highlights that 66% of IT professionals plan to leverage AI for sustainability. Key findings show that larger companies and those in specific sectors like finance and media are leading AI usage. Challenges remain, particularly for smaller firms, with barriers like high costs and talent shortages hindering adoption.
FalconStor Software has announced a strategic partnership with IBM to develop cloud-enabled data protection solutions for IBM Power Systems. This collaboration will deliver three new offerings: a Cloud-Native Backup Solution utilizing FalconStor's VTL technology, a Cloud Migration Solution for seamless on-premises to cloud transitions, and a Hybrid Cloud Backup Solution for managed service providers. The partnership aims to enhance customer confidence in migrating to the cloud while ensuring data security and application availability.
IBM has expanded its partnership with SAP to enhance cloud capabilities by migrating to SAP S/4HANA. This initiative impacts over 120 countries, consolidating 300 SAP instances and moving 375 TB of data to IBM Cloud.
With this transformation, IBM aims to improve operational efficiency, streamline billing systems, and gain real-time insights through the SAP HANA database. The initiative could positively impact nearly all of IBM's US$58 billion in revenue, positioning it for future growth and better client support.
IBM has entered a Strategic Collaboration Agreement with Amazon Web Services (AWS) to provide its software as Software-as-a-Service (SaaS) on the AWS platform. This agreement enables clients to access a wide range of IBM software including automation, AI, and security solutions, built on Red Hat OpenShift Service on AWS. The collaboration aims to enhance customer experience through joint investments in integrated marketing, training, and solution development. Clients can procure IBM SaaS products directly in the AWS Marketplace, allowing for easy setup and integration.