ibm
IBM’s planned $6.4 billion acquisition of HashiCorp has run into an unexpected obstacle: a Hashicorp shareholder has filed a lawsuit in a US Federal court seeking to block the deal. The complaint, filed by HashiCorp shareholder Michelle Graff, accuses the company’s board of directors of breaching their fiduciary duty by favoring their own financial gains over those of public stockholders. IBM announced its plans for the acquisition in April, offering $35 per share in cash for HashiCorp. It said that HashiCorp’s infrastructure provisioning application, Terraform, would bolster its software busi...
CIO
IBM has showcased its new generative AI-driven Concert offering that is designed to help enterprises monitor and manage their applications. Showcased at the ongoing annual Think conference, IBM Concert will be generally available in June and is underpinned by the watsonx platform. It will serve as the “nerve center” of an enterprise’s IT operation, the company said, adding that the offering will generate insights across an enterprise’s folio of applications to help reduce risk and compliance processes. The new tool integrates into an enterprise’s existing systems using generative AI to connect...
CIO
IBM said it plans to hire up to 800 more people in Ireland to help build advanced software underpinned by AI technology, the state investment agency IDA Ireland said on Thursday. The move by the US software and consultancy services provider marks the biggest job announcement in the country's multinational sector this year. IBM is already one of the largest multinational employers in Ireland with 3,000 staff. The new roles will require the employees to build advanced software based on generative artificial intelligence in high growth areas like security, automation and hybrid cloud. Here's the ...
Euronews (English)
By Paul Krill IBM is expanding Qiskit, its quantum computing software, into a comprehensive software stack that includes middleware, serverless building blocks, and generative AI coding assistance. The company says the platform for building, optimizing, and executing programs on IBM quantum systems will also deliver better performance. Announced May 15, the intiative builds on the Qiskit SDK 1.x, combining a stable software development kit and a portfolio of services for running complex quantum circuits on 100+ qubit IBM quantum computers. IBM said the expansion will enable members of the IBM ...
Info World
Germany's technology powerhouse SAP and IBM said on Wednesday that they plan to work together on new generative artificial intelligence (AI) technology and industry-specific cloud solutions. IBM said a shared approach to generative AI, built on an open ecosystem, trust and purpose-built models, will help empower clients to optimize business outcomes. The expanded partnership is expected to help joint customers reach new heights by innovating through the cloud, data and business AI. IBM plans to develop prescriptive industry value maps and clients will be able to access all of the new AI soluti...
DPA Breaking News
Computer giant IBM is being held back by its consulting business. In the past quarter, revenue increased by 1% year-on-year to around $14.5 billion, missing analysts' expectations, the company said as it announced its first quarter results on Wednesday. The share price fell by around 9% at times in after-hours trading on Wednesday. Meanwhile, the bottom line profit rose to $1.6 billion from $934 million a year earlier. Together with the presentation of the quarterly figures, IBM also announced the acquisition of multi-cloud infrastructure automation company HashiCorp. The deal is worth some $6...
DPA Breaking News
The Spanish government has signed a deal with US computer giant IBM Corp for the New York-based firm to develop foundational models of artificial intelligence (AI) for not only Spanish but for co-official langugages, such as Catalan, Basque, Galician, and Valencian. In addition, the two parties inked a Memorandum of Understanding or MoU to promote their collaboration in AI and AI supercomputing, advance the development and practical deployment of open, ethical and responsible generative AI in Spain. The MoU also aims to share the vision to create a suite of foundation models including both lar...
DPA Breaking News
The Spanish government has signed a deal with US computer giant IBM Corp for the New York-based firm to develop foundational models of artificial intelligence (AI) for not only Spanish but for co-official langugages, such as Catalan, Basque, Galician, and Valencian. In addition, the two parties inked a Memorandum of Understanding or MoU to promote their collaboration in AI and AI supercomputing, advance the development and practical deployment of open, ethical and responsible generative AI in Spain. The MoU also aims to share the vision to create a suite of foundation models including both lar...
DPA
The Spanish government has signed a deal with US computer giant IBM Corp for the New York-based firm to develop foundational models of artificial intelligence (AI) for not only Spanish but for co-official langugages, such as Catalan, Basque, Galician, and Valencian. In addition, the two parties inked a Memorandum of Understanding or MoU to promote their collaboration in AI and AI supercomputing, advance the development and practical deployment of open, ethical and responsible generative AI in Spain. The MoU also aims to share the vision to create a suite of foundation models including both lar...
DPA International
ValueWalk
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