By Rafael Müller
Publication Date: 2026-10-04 12:53:00
IBM stock fell 1.32 percent to USD 222.64 on October 2, 2026, as the company combined a board appointment with a broader push into self-hosted artificial intelligence. IBM elected Frank Baker to its board effective October 1, according to IBM.
Board change meets AI expansion
Frank Baker is co-founder and managing partner of Siris Capital Group, a private equity firm focused on technology, telecommunications and data companies. His appointment gives IBM a board member with direct experience in technology investment as the company seeks to turn hybrid cloud and AI demand into recurring growth.
On the same date, IBM introduced self-hosted deployment for its Bob software development platform. According to IBM, customers can run Bob on-premises, in private or sovereign clouds and in air-gapped environments. That positioning targets regulated enterprises that need control over data residency, security policies and development workflows.
Q2 revenue grew 1.1 percent
IBM’s second-quarter 2026…
