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 (NYSE: IBM) has launched the IBM Security Homomorphic Encryption Services, enabling companies to experiment with fully homomorphic encryption (FHE). This advanced technology allows data to remain encrypted during processing, addressing security vulnerabilities in cloud environments. With FHE, sensitive data can be analyzed without exposing it, aligning with compliance and privacy regulations. The service includes expert support, a testing environment, and tools for developing applications leveraging FHE, which Gartner predicts will see a budget increase to 20% by 2025 from less than 1% today.
IBM has elected Arvind Krishna as chairman of the board, effective January 1, 2021. Krishna, who is also the CEO, succeeds Virginia M. Rometty, retiring on December 31, 2020. Since becoming CEO in April 2020, Krishna has led significant changes, including the planned spin-off of IBM's $19 billion Managed Infrastructure Services business in 2021, aimed at enhancing its focus on hybrid cloud and AI platforms. Rometty, who served as CEO and chairman since 2012, executed strategic transformations, including the $34 billion Red Hat acquisition, positioning IBM for future market leadership.
IBM has acquired Montreal-based fintech company Expertus Technologies, enhancing its position as a digital payments solution provider. This acquisition strengthens IBM's hybrid cloud and AI strategy, allowing for improved payment operations and treasury management.
Expertus' platform processes over $50 billion daily across 1,000 entities globally, providing IBM with crucial consulting expertise in payment modernization. This move taps into the $100 billion consulting opportunity in banking and financial markets, expanding IBM's capabilities to meet evolving regulatory demands and customer needs.
On December 15, 2020, IBM announced its membership with the Alliance to End Plastic Waste as a Supporting Member. This collaboration aims to develop the Plastics Recovery Insight and Steering Model (PRISM), a data platform hosted on IBM Cloud to track plastic waste globally. The platform will provide actionable data for stakeholders to improve waste management. The Alliance targets USD 1.5 billion over five years to fund projects that create value from plastic waste, with 14 global initiatives currently in progress.
IBM Security has announced new technology initiatives in collaboration with Amazon Web Services (AWS), aimed at enhancing security visibility across AWS and hybrid cloud environments.
This includes improved integrations with AWS security services and support for IBM's security technologies. IBM's QRadar is now available on the AWS Marketplace, allowing advanced security analytics deployment.
Additionally, IBM Security Services has achieved AWS Security Competency, reinforcing its capabilities in managing security across hybrid cloud operations.
IBM has collaborated with eProvenance to launch VinAssure™, a blockchain-based platform for monitoring wine shipments. This platform enhances transparency and accountability throughout the wine supply chain, ensuring the integrity of wines from vineyard to consumer. Utilizing IBM Cloud and advanced technologies, VinAssure™ aids multiple stakeholders, including wine producers and retailers, in optimizing traceability and efficiency. Initial membership includes De Maison Selections, with plans for further participation from major players like Ste. Michelle Wine Estates. The aim is to provide consumers with reliable product information.
IBM has announced new AI capabilities for Watson to enhance automation, natural language processing, and trust in AI outcomes. Key features include a Reading Comprehension system for precise answers from complex documents, FAQ Extraction to automate updates, and a new intent classification model for better user engagement. Additionally, Watson Discovery expands language support with 10 new languages. IBM plans to commercialize 'AI Factsheets' to provide transparency about AI products, helping build trust across industries.
IBM has entered a multiyear agreement with the Port of Los Angeles to establish a Port Cyber Resilience Center (CRC), aimed at enhancing cybersecurity readiness and threat sharing among supply chain stakeholders. The $6.8 million contract will utilize IBM Cloud Pak for Security and X-Force Threat Intelligence. This initiative will automate threat collaboration and improve responsiveness to cyber threats, ultimately supporting the Port's infrastructure investment program. The CRC serves as an early warning system, fostering collective knowledge and improving operational resilience against potential cyber incidents.
IBM (NYSE: IBM) announced a partnership with ABB to enhance its procurement processes through the launch of SmartBuy, a comprehensive employee purchasing program. This initiative aims to simplify procurement, offering a user-friendly experience similar to online shopping while automating supplier management tasks. Utilizing SAP Ariba solutions, SmartBuy supports ABB's goal of transforming its Enterprise Resource Planning (ERP) systems, paving the way for future integration of AI and blockchain technology. IBM's strong expertise with SAP enhances the project's potential.
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