International Business Machines Corp - IBM STOCK NEWS

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.

IBM announced its agreement to acquire Brazilian software provider WDG Automation, enhancing its AI-infused automation capabilities across business processes and IT operations. The acquisition is aimed at improving operational efficiency by integrating WDG's robotic process automation (RPA) into IBM's Cloud Pak for Automation. Financial terms remain undisclosed, but this move is expected to bolster IBM's position in the automation market, allowing clients to optimize operations and innovate more effectively. The deal is anticipated to close in Q3 2020.

IBM (NYSE: IBM) has been recognized as a leader in the 2020 IaaS Value Matrix by Nucleus Research. This report highlights IBM public cloud's usability, functionality, and integration capabilities, particularly its strong security features that appeal to businesses in regulated industries. With over 60 cloud data centers worldwide, IBM offers the industry's first commercially available cloud cryptographic technology, 'Keep Your Own Key,' allowing businesses to control encryption keys. This endorsement supports IBM's strategy of leveraging open-source and secure technologies in cloud computing.

IBM and CINECA have strengthened their collaboration with the launch of the Marconi100 supercomputer, now the 9th most powerful globally and 2nd in Europe. Built using IBM POWER9 technology and NVIDIA V100 GPUs, it offers a theoretical peak performance of 32 petaFLOPS. Marconi100 will support research initiatives addressing key issues such as climate change and COVID-19 therapies, significantly enhancing European and Italian scientific capabilities. This installation is part of a long-term effort to boost CINECA's computational resources, now totaling 50 petaflops without increasing energy consumption.

IBM CEO Arvind Krishna delivered a keynote at the Think Gov 2020 digital event, targeting over 1,000 government leaders and technologists. He emphasized hybrid cloud and AI as transformative forces amid the COVID-19 pandemic. Krishna highlighted IBM's public cloud capabilities tailored for regulated workloads, enhancing security for government clients. The integration with Red Hat, following a $34 billion acquisition, enhances IBM’s offerings. Krishna noted IBM's $200 million in global donations to aid pandemic responses, asserting that AI will become essential for all organizations moving forward.

IBM and Daimler have expanded their agreement, enabling Daimler to migrate its global after-sales portal to the IBM public cloud. This transition aims to enhance innovation while leveraging IBM's secure and open cloud services. The new platform, based on IBM Cloud Kubernetes Service, will support scalability and agility in Daimler's retail workshop processes. With features like 99.99% platform availability and advanced security protocols, IBM's cloud is designed to meet the highest data protection standards required by Daimler.