ibm
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
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