Tag: ibm
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IBM falls as analysts question staying power of software rebound
Oct 22 : IBM shares fell 6.5 per cent in premarket trading on Thursday, as analysts said part of the company’s third-quarter software rebound was driven by deals delayed from the previous quarter, raising questions about how sustainable the boost would be.Here are more details:• About $250 million of
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IBM raises annual software revenue outlook as deal delays ease
Oct 21 : IBM finance chief James Kavanaugh on Wednesday said delayed software deals that rattled investors in the last quarter were beginning to close, as the company lifted its forecast for the business and reported better-than-expected third-quarter earnings.In an interview with Reuters, Kavanaugh said IBM
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IBM, Together AI ink $240 million deal for Nvidia-powered AI inference cluster
Aug 11 : IBM and startup Together AI have signed a $240 million multi-year agreement to build a large-scale artificial intelligence cluster on IBM Cloud using Nvidia systems, the companies said on Tuesday.The cluster will provide inference for open-source AI models, which have gained traction as businesses se
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IBM buys HRL Laboratories in shift to two-track quantum computing strategy
SAN FRANCISCO, July 23 : IBM has agreed to buy HRL Laboratories, a private quantum computing research lab jointly owned by Boeing Co and General Motors, the company said on Thursday, adding a second pillar to IBM’s quantum computing efforts.IBM has been racing against Alphabet’s Google, Microsoft and others t
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IBM cuts annual revenue growth forecast as customers prioritize AI infrastructure spending
July 22 : IBM cut its annual revenue growth forecast on Wednesday, days after shocking Wall Street with a warning that corporate spending was shifting toward AI-focused data-center gear at the expense of its software and mainframe computers.The company also missed profit and revenue expectations for the secon
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IBM cuts yearly revenue growth forecast as customers prioritize AI infrastructure spending
July 22 : IBM cut its annual revenue growth forecast on Wednesday, days after shocking Wall Street with a warning that corporate spending was shifting toward AI-focused data-center gear at the expense of its software and mainframe computers.The company also missed profit and revenue expectations for the secon
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IBM warns AI boom is squeezing software budgets; shares sink in sector rout
July 14 : IBM said it had “faltered” in keeping pace with a shift in corporate spending from software to data-center infrastructure and forecast second-quarter earnings below estimates, the clearest sign yet of AI’s growing toll on the sector.The warning sent IBM’s shares down 26 per cent in early trading on
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IBM warns AI boom is squeezing software budgets; shares slump in sector rout
July 14 : IBM said it had “faltered” in keeping pace with a shift in corporate spending toward data-center infrastructure from software and forecast second-quarter revenue below estimates, the clearest sign yet of AI’s growing toll on the sector.The warning triggered a 22 per cent slump in IBM’s shares and a
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IBM forecasts preliminary Q2 revenue below estimates as spending shifts to AI
July 14 : IBM’s preliminary second-quarter revenue forecast came below Wall Street estimate on Tuesday, as customers prioritized spending on AI infrastructure, including servers, storage and memory purchases, sending its shares slumping 17 per cent in premarket trading. The results reflect an industry-wide s
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Data of 70,000 people compromised in cybersecurity incident involving SLA’s vendor IBM
Information in the compromised IBM-managed cloud environment included the names, NRIC numbers, and then-property addresses of 70,000 people and was not anonymised.
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