IBM is set to release its financial results for the second quarter of 2024. The company, well-known for its technology and innovation, is expected to provide an update on its performance in the most recent period. This announcement comes amidst a rapidly changing and competitive landscape in the tech industry. Investors and analysts will be … Read more
In 2023, organizations like HR, IT, and customer service are leveraging generative AI for tasks like summarization and code generation to boost efficiency. A Gartner survey shows that 55% of organizations are exploring generative AI. CEOs are recognizing generative AI as a crucial tool for staying competitive, with 75% believing it is essential for an … Read more
IBM has issued a statement in response to the European Union’s introduction of the Artificial Intelligence Act, which is being hailed as a historic piece of legislation. The act is designed to regulate the use of artificial intelligence technologies in a variety of industries, with the aim of ensuring that these technologies are developed and … Read more
Denmark’s Financial Supervisory Authority (FSA) has issued formal orders to IBM Pensionsfond in Denmark after discovering that assets intended to cover liabilities were also pledged as collateral for derivative transactions. The FSA conducted an inspection in March on the US multinational’s defined benefit pension fund for Danish employees, focusing on investments and registered assets. A … Read more
Jim Keller, CEO of Tenstorrent and former engineer at AMD and Tesla, recently made a bold claim that Nvidia is on the path to becoming the IBM of the AI era. With Nvidia positioned as the dominant player in AI hardware, Keller points out their strong position in the market, with major tech companies flocking … Read more
IBM’s stock closed at $177.64, up by 0.92% from the previous session. It outperformed the S&P 500 but lagged behind the Computer & Technology sector. Analysts are expecting IBM to report EPS of $2.17 and revenue of $15.58 billion in its upcoming earnings release on July 24, 2024. The Zacks Consensus Estimates for the full … Read more
IBM has unveiled its latest services within the Partner Plus program, showcasing a commitment to fostering innovation at scale. Steve Smith, General Manager for Service Partners at IBM, shares insights on the company’s journey with Partner Plus, touching on AI governance, trust in AI adoption, and the potential of AI in areas like automation. The … Read more
IBM has opened the GenAI Innovation Center in Kochi to support enterprises, startups, and partners in exploring and building generative AI technology. This center will provide access to IBM experts and technologies to help organizations develop and implement enterprise-grade AI solutions. The focus will be on InstructLab, a new technology developed by IBM and Red … Read more
IBM recently completed the acquisitions of StreamSets and webMethods to enhance its AI platform and automation capabilities, offering clients integrated data and application integration platforms for digital transformation. StreamSets specializes in real-time data integration across hybrid multi-cloud environments, reducing data latency and staleness. On the other hand, webMethods is an API integration and management platform … Read more
IBM has recently acquired StreamSets and webMethods to enhance its AI platform and automation capabilities for commercial enterprises. StreamSets specializes in real-time data integration, while webMethods focuses on API integration and management. These acquisitions aim to provide clients with integrated products that facilitate data quality management and real-time data streaming. IBM has also integrated the … Read more