Current Top Stock Performers: Peloton, IBM, Eli Lilly, and Others

Current Top Stock Performers: Peloton, IBM, Eli Lilly, and Others

The Dow, S&P 500, and Nasdaq saw little change at midday on Tuesday, May 21, 2024, as the market reacted to corporate earnings news and comments from Federal Reserve officials regarding interest rates. Eli Lilly shares rose after the company’s drug for ulcerative colitis also showed positive results in treating Crohn’s disease. Peloton shares, on … Read more

IBM Embraces Open-Source Services with Latest Watsonx Updates

IBM Embraces Open-Source Services with Latest Watsonx Updates

During the Think Conference 2024, IBM announced significant changes to its Watsonx platform to enhance the accessibility, affordability, and flexibility of its AI capabilities. CEO Arvind Krishna emphasized the importance of open innovation in AI and announced initiatives to contribute to the open-source AI community. One key initiative is the open sourcing of IBM’s Granite … Read more

IBM secures $279 million USCIS application development contract

IBM secures 9 million USCIS application development contract

IBM has secured a five-year, $279 million task order from the U.S. Citizenship and Immigration Services agency to develop and maintain applications for the USCIS verification information system, including E-Verify. This system is used by employers to verify individuals’ eligibility to work in the U.S. and by agencies to verify immigration status for benefit applications. … Read more

What is happening with IBM shares on Tuesday?

What is happening with IBM shares on Tuesday?

IBM is planning to make its IBM Granite model series available worldwide later this year, in collaboration with Salesforce, Inc. The aim is to provide customers with more models for improved decision-making in AI CRM use cases. The Granite code models range from parameters 3B to 34B and are suitable for tasks such as code … Read more

What are the implications for employees and employers as IBM transitions to a cash balance plan?

What are the implications for employees and employers as IBM transitions to a cash balance plan?

A recent review of IBM’s retirement program has sparked discussions about the direction of employee benefits. The company’s transition to cash balance plans is a key focus, with implications for employees’ financial well-being in the long run. Cash balance plans have been gaining popularity in recent years as companies look for ways to modernize their … Read more

Highlights from IBM Think 2024 as IBM CEO Arvind Krishna leads off the event

Highlights from IBM Think 2024 as IBM CEO Arvind Krishna leads off the event

IBM Corp. CEO Arvind Krishna started off IBM Think 2024 in Boston with key points highlighted in his keynote speech. Artificial intelligence (AI) is projected to add $4 trillion to annual GDP productivity by 2030, emphasizing the importance of this technology in various sectors. Despite the potential of AI, many companies are still in the … Read more

IBM Think highlights Krishna’s focus on Quantum Computing and AI

IBM Think highlights Krishna’s focus on Quantum Computing and AI

IBM CEO Arvind Krishna highlighted the significance of artificial intelligence and quantum computing during his speech at IBM Think. Krishna emphasized the crucial role that these technologies play in shaping the future of industries and society as a whole. He discussed how AI and quantum computing have the potential to revolutionize various sectors, from healthcare … Read more

IBM continues progress with open source, multi-model AI strategy | TechTarget

IBM continues progress with open source, multi-model AI strategy | TechTarget

IBM announced new additions to its Watsonx generative AI platform, including open sourcing some Granite big language models, expanding support for third-party AI models, and introducing new AI assistants. These moves reaffirm IBM’s commitment to open source technology, a position it has held since 2000. The announcement comes amidst similar advancements from OpenAI and Google … Read more

IBM enhances partnerships with AWS, Microsoft, and Meta, provides latest updates on advancements in AI technology.

IBM enhances partnerships with AWS, Microsoft, and Meta, provides latest updates on advancements in AI technology.

IBM made several announcements regarding artificial intelligence on Tuesday, revealing partnerships with major tech companies and updates on its watsonx platform. The company is collaborating with Microsoft, Amazon, Meta, Adobe, Mistral, and Salesforce to strengthen its position in the AI space. Additionally, IBM officially launched the Arab model ‘ALLaM’ in partnership with the Saudi Data … Read more

IBM to launch additional open-source AI models, enters agreement with Saudi Arabia – Investing.com

IBM to launch additional open-source AI models, enters agreement with Saudi Arabia – Investing.com

IBM has recently announced that it will be releasing a set of AI models as open source software and will be assisting Saudi Arabia in training an AI system in Arabic. This move sets IBM apart from its competitors like Microsoft, as it follows a similar open access approach as Meta Platforms. The AI models, … Read more