IBM has ambitions to take the lead in quantum computing, with a new governmental partnership inbound to make this a reality. Japanese news outlet Nikkei reports on a leaked joint effort by IBM and Japan’s National Institute of Advanced Industrial Science and Technology (AIST) that seeks to produce a quantum computer containing 10,000 qubits by […]
What’s Going On With IBM Shares On Tuesday? On Tuesday, the company said that it is exploring to make the IBM Granite model series available later this year for use across the Salesforce, Inc. (NYSE:CRM) Einstein 1 platform, with the aim to provide clients access to more models to enhance decision-making for AI CRM use cases. The Granite code models […]
May 18—ROCHESTER — President Abraham Lincoln described patents as adding “the fuel of interest to the fire of genius.” If that’s accurate, then local inventors have long been heating up Rochester with their patents. The city is home to many creative thinkers like Adam “Griff” Griffin, who knew he wanted to be an inventor at […]
Technology giant IBM Ireland has announced a new investment that will create up to 800 high-tech jobs across Ireland, They said they will help build advanced software underpinned by the latest Artificial Intelligence technologies to advance security, automation and hybrid cloud. The AI technology will include foundational and large language models that are key for […]
How much will International Business Machines (NYSE: IBM) pay out in dividends this year? It seems like a simple question, but there are layers to it. You can look at Big Blue’s dividend payouts from a few different angles — and they’re all helpful to prospective IBM investors. Dividends per share IBM likes to increase […]
Shares of International Business Machines (NYSE: IBM) slumped on Thursday after the tech giant reported first-quarter results that fell a bit short of expectations. Revenue of $14.46 billion missed the consensus estimate by $80 million, while adjusted earnings per share of $1.68 was $0.09 below expectations. For the most part, though, IBM’s first quarter went […]
(Reuters) – Shares of International Business Machines fell more than 8% in premarket trading on Thursday, as its consulting business faces pressure from enterprises tightening their budgets to cope with an uncertain economy and high interest rates. Weakness in smaller discretionary projects affected the consulting segment, but analysts at J.P.Morgan said the backlog could help […]
(Bloomberg) — International Business Machines Corp. dropped about 9% in extended trading after the company’s weak consulting unit sales disappointed investors, overshadowing its acquisition of software firm HashiCorp Inc. Most Read from Bloomberg First-quarter sales gained 1% to $14.5 billion, the Armonk, New York-based company said Wednesday in a statement. IBM also reiterated its previous […]
IBM stock slipped late Wednesday after the computing giant reported first quarter earnings ahead of expectations, with sales slightly below estimates. The firm also announced a $6.4 billion acquisition of cloud-software company HashiCorp (HCP), a deal that was reported as nearly done a day earlier by the Wall Street Journal. X IBM (IBM) said that […]
ROME (AP) — Tech giant Cisco Systems on Wednesday joined Microsoft and IBM in signing onto a Vatican-sponsored pledge to ensure artificial intelligence is developed and used ethically and to benefit the common good. Cisco Systems chief executive Chuck Robbins signed the document, known as the Rome Call, and met privately with Pope Francis, the […]
By Arsheeya Bajwa (Reuters) -International Business Machines is nearing a deal to buy cloud software provider HashiCorp, according to a person familiar with the matter. Hashicorp’s stock surged 24%, giving it a market value of $6.1 billion, after the Wall Street Journal first reported the talks. Under CEO Arvind Krishna, IBM has focused on acquisitions […]
Technology powerhouse International Business Machines (NYSE: IBM) used to be an industry giant. Big Blue’s market cap peaked at $239 billion in the summer of 1999, sparking speculation about perhaps forming the world’s first trillion-dollar company. But the dot-com bubble popped, and IBM changed gears. The market cap reached $230 billion again in 2012, ending […]