Tag: ibm
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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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IBM unveils tech for chip smaller than 1 nanometer in AI computing push
June 25 : IBM on Thursday unveiled what it said was the world’s first technology capable of producing chips smaller than one nanometer, as tech companies race to build semiconductors that can handle increasingly demanding AI workloads.Shares of the Armonk, New York-based company rose over 6 per cent in premar
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IBM hails new ‘block of flats’ design breakthrough for tiny chips
IBM says it has created the world’s first known chip tech below 1 nanometre – but it will be some time before it’s ready for production.
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IBM partners with OpenAI on enterprise security AI
June 22 : IBM on Monday said it has partnered with OpenAI to integrate frontier AI capabilities into enterprise security workflows, aiming to counter rapidly evolving cyber threats.Shares of the company rose 3.6 per cent in trading after the bell.Here are a few details on the partnership:• IBM
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