IBM and Together AI have signed a $240 million multi-year agreement to build a large-scale AI inference cluster on IBM Cloud. The project will utilize Nvidia's HGX B300 systems to support open-source models.
International Business Machines Corp. is in Canada’s bond market for the first time in 14 years, the latest entrant to what’s been a record year of issuance by foreign firms.
International Business Machines Corp. is selling C$2.75 billion ($1.97 billion) of Canadian corporate bonds. This marks IBM's first bond sale in Canada since 2012, contributing to a record year of issuance in the currency by foreign firms.
Nvidia, Microsoft, SpaceX, and other tech companies have formed the Open Secure AI Alliance to develop open-source AI security tools. This initiative aims to enhance cybersecurity in response to recent cyberattacks, including the breach of Hugging Face.
IBM's CEO highlighted growing mainframe hardware capacity, and said software should "catch back up" within a year.
IBM has agreed to buy HRL Laboratories, a private quantum computing research lab jointly owned by Boeing and General Motors, seeking to integrate HRL's electron spin quantum circuits into its quantum computers.
IBM has lowered its full-year sales outlook following a significant dip in demand for its mainframe business. The company's Q2 revenue increased by 1% year-over-year to $17.2 billion, but fell short of the $17.6 billion estimate, with mainframe revenue down 42% and infrastructure revenue down 7%.
Several major stocks experienced significant movements after hours, including Alphabet, Tesla, IBM, Las Vegas Sands, and ServiceNow. Investors are closely monitoring these companies for potential impacts on the market.
IBM has lowered its full-year forecast following an earnings warning. The company is now looking to improve productivity with artificial intelligence, including with a new coding tool called Bob.
International Business Machines Corp. cut its full-year sales outlook, including for its closely watched software unit, after reporting a dip in demand for its mainframe business.
US stocks swung between small gains and losses after chipmakers came off session lows and oil prices jumped on the escalation of the US-Iran war. Traders are also bracing for key earnings from Alphabet Inc., Tesla Inc. and International Business Machines Corp. due later in the afternoon.
International Business Machines Corp.’s warning this week that its sales are falling well short of expectations highlights a growing divide between artificial intelligence winners and everyone else in the tech universe.
IBM partners with OpenAI to bolster enterprise AI push
IBM Lands $240 Million AI Deal with Together AI to Scale Inference
IBM, Together AI ink $240 million deal for Nvidia-powered AI inference cluster
How Do You Know a Quantum Computer Isn't Lying? IBM Says It Has the Answer.