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.
IBM announced the launch of its next-generation POWER10 processor, designed for hybrid cloud computing. Utilizing 7nm technology, POWER10 promises up to 3x greater energy efficiency and workload capacity than the previous POWER9 model. Key features include multi-petabyte memory clusters, enhanced security with transparent memory encryption, and AI performance improvements, expected to be 10x to 20x faster for various calculations. The new processors are anticipated to hit the market in the second half of 2021, enhancing enterprise-grade hybrid cloud architectures.
Coca-Cola European Partners (CCEP) has entered a multiyear agreement with IBM to enhance its operations through a hybrid cloud environment utilizing Red Hat solutions. This partnership aims to streamline IT infrastructure, reduce operational costs, and leverage AI and data analytics for improved business insights. CCEP's CIO emphasized the confidence gained from previous collaborations with IBM, while IBM's SVP highlighted the tailored cloud solutions for CCEP's needs. This initiative continues their cloud journey initiated in 2018, underscoring a commitment to digital transformation.
IBM (NYSE: IBM) announced the launch of Watson Advertising Social Targeting with Influential, a new AI-driven solution that identifies influencers aligned with brands' values. This tool leverages Watson Natural Language Understanding to analyze social media data, ensuring brand-safe partnerships and enhancing ROI through real-time campaign measurement. As brands adapt to evolving advertising strategies, this collaboration with Influential supports data-driven decisions, showcasing the significance of influencer marketing in driving consumer engagement.
IBM and the University of Tokyo have launched the Quantum Innovation Initiative Consortium (QIIC) to enhance Japan's quantum computing capabilities. This consortium, building on a previous partnership from December 2019, aims to foster collaboration between industry, academia, and government. Key members include prestigious universities and major corporations. The QIIC will provide access to IBM's quantum systems, including a dedicated IBM Q System One planned for Japan in 2021, promoting research and development in quantum technology.
IBM's 2020 Cost of a Data Breach Report reveals an average breach costs companies $3.86 million, with 80% of breaches exposing customer personally identifiable information (PII). Compromised employee accounts are the most costly breaches, with expenses increasing to $4.77 million when credential theft is involved. Organizations using automated security technologies saw costs cut to $2.45 million. State-sponsored attacks were the most damaging, averaging $4.43 million. The study, based on data from over 500 organizations, highlights the growing financial risks posed by remote work.
IBM Services and CBRE are expanding their partnership to enhance technology support for data center clients. The new offering, Smart Maintenance, utilizes IBM's AI and analytics for vendor-agnostic hardware maintenance. This collaboration allows CBRE technicians to leverage IBM's AI and augmented reality technologies for efficient IT support across various manufacturers. The initiative aims to reduce client costs by minimizing maintenance complexities while improving productivity through automated support processes. The agreement was signed in Q1 2020.
IBM has expanded its Cloud for Financial Services ecosystem, welcoming several global banks including BNP Paribas as anchor clients. This collaboration aims to enhance cloud security and compliance for the financial sector, leveraging the IBM Cloud Policy Framework. The initiative is part of a strategic partnership with Bank of America and Promontory, which focuses on creating a secure cloud environment for sensitive data
Additionally, IBM plans to launch the IBM Research Cloud Innovation Lab to foster innovation in cloud technologies for financial services.
On July 17, 2020, EY and IBM announced an expanded global alliance aimed at accelerating digital transformation for organizations. This partnership will leverage IBM's hybrid cloud capabilities, including Red Hat OpenShift, and technologies such as AI and blockchain. EY and IBM aim to enhance client outcomes through joint consulting and integration services, targeting areas like M&A, finance, HR, and compliance. The collaboration emphasizes IBM's leadership in cloud technology and EY's expertise in complex client transformations, facilitating innovation and operational efficiency for clients.
IBM has announced a 39.7% reduction in operational CO2 emissions since 2005, surpassing its target of 40% by 2025, per its 30th annual IBM and the Environment Report. In 2019, 47% of its electricity was sourced from renewables, aiming for 55% by 2025. Notably, IBM implemented 1,660 energy conservation projects yielding savings of 136,000 MWh. The report emphasizes transparency in environmental reporting, reinforcing IBM's role in corporate responsibility and environmental sustainability.
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