ibm
By Matthew Finnegan With the rollout of Adobe Firefly last year, IBM made generative AI (genAI) image creation available to thousands of designers. It didn’t take long for the tool to make an impression, said Billy Seabrook, global chief design officer for IBM’s consulting arm. Firefly was used, for example, to create 200 visual assets for IBM’s “Let’s Create” marketing campaign last year that involved rendering an image of a question mark in a variety of textures and colors. Firefly generated many variations — from a question mark made of flower petal to one made of chain link — that designer...
Computer World
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The computer giant IBM's focus on software and services is paying off, with its turnover in the last quarter rising by 4% year-on-year to $17.4 billion. Profits jumped from $2.7 billion to around $3.3 billion. Investors pushed the share price up by around 8% at times in after-hours trading. In the past quarter, revenues increased both in the software division and in the consulting business, IBM announced after the close of the US stock exchange on Wednesday. For the current year, the company is forecasting further sales growth.
DPA Breaking News
Apple has paid a fine of RUB 1.18 billion (about €12.56 million) to Russia after a Moscow-based court found the US tech giant allegedly abused its dominant market position through the app store, Russia's FAS antitrust agency said on Monday. This followed a November ruling that found Apple had prohibited app developers from informing customers about alternative payment options outside the App Store. The payment will go straight into the Russian budget, strengthening the Kremlin's funds during a period when President Vladimir Putin's government is gathering resources to back unprecedented defens...
Euronews (English)
By Anirban Ghoshal IBM on Thursday said that it was acquiring application modernization assets from Advanced in an effort to enhance the mainframe application and data modernization services of its consulting business. Advanced, which is headquartered out of Birmingham, UK, provides mainframe modernization and OpenVMS and VME migration services. The assets and services acquired from Advanced are expected to complement the capabilities of IBM watsonx Code Assistant for Z, the company said in a statement. IBM released watsonx Code Assistant for Z, a generative AI-assisted product, in August last...
Info World
San Francisco (AFP) - IBM on Thursday said it has stopped advertising on X due to a report its ads were shown next to pro-Nazi posts at the platform formerly known as Twitter. The move came as X owner Elon Musk faced criticism for endorsing an unfounded antisemitic conspiracy theory on the service. Nonprofit Media Matters on Thursday reported that it found Apple, Oracle and IBM ads displayed next to posts touting Hitler and the Nazi Party on X. "IBM has zero tolerance for hate speech and discrimination and we have immediately suspended all advertising on X while we investigate this entirely un...
AFP
SemiconductorsSoftwareInternet & Computer ServicesSpecialized Consumer ServicesBroadline RetailersTelecommunicationsDefenseAutomotiveInvestors looking to boost their portfolio returns can start looking at these sectors for potential long-term growth. Key Drivers Of A.I. InvestmentsWhen investing for company growth, investors must understand the key drivers fueling the growing interest in the technology. For example: Potential to revolutionize company operations, enhance efficiency, reduce operating costs, and drive revenue growth. This includes automation and predictive analytics, personalized...
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The blockchain industry is booming and big companies are investing in it. Here are some of the most influential companies in the blockchain industry: MicrosoftMicrosoft Corp (NASDAQ:MSFT) is a large company with many products. Microsoft’s history of investing in blockchain is more than two decades old. The company has been working on its own version of blockchain since at least 2014, when it partnered with Ethereum to build a private blockchain for tracking software licenses across different Microsoft products. Q3 2022 hedge fund letters, conferences and more In 2017, Microsoft released an ent...
ValueWalk
Poughkeepsie (United States) (AFP) - IBM hosted US President Joe Biden Thursday to celebrate the announcement of a $20-billion investment in semiconductors, quantum computing and other cutting-edge technology in New York state. CEO Arvind Krishna unveiled the spending, which will take place over a decade, in a speech alongside Biden in the tech giant's Poughkeepsie facility. "We are proud to announce that IBM is pledging to invest $20 billion across the region," he told cheering workers. "This investment includes breakthroughs in semiconductor technology, mainframe computers, quantum computers...
AFP
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