IBM has launched two new innovation hubs focused on artificial intelligence and quantum computing, one in Chicago at the Illinois Quantum and Microelectronics Park and another in Cambridge, Massachusetts in collaboration with MIT. The Chicago hub will create 750 full-time jobs in fields like AI, cybersecurity, and quantum computing, supporting IBM's clients and local economic growth. The MIT-IBM Computing Research Lab aims to advance foundational AI and quantum research, combining expertise from both institutions. These initiatives reflect IBM's commitment to expanding technology talent and accelerating future computing capabilities.
IBM's business model remains strong despite a 7% decline in mainframe infrastructure revenue, supported by loyal legacy customers and solid free cash flow. Software growth, especially an 11% increase in Red Hat revenue, helps offset mainframe challen...
Energy prices cooled in June, easing inflation pressures despite ongoing tensions between the U.S. and Iran near the Strait of Hormuz. Morgan Stanley reported record quarterly revenue and profit, boosted by a surge in equities trading fueled by the A...
IBM reported earnings and revenue below expectations due to enterprises reducing spending on traditional IT systems to invest in their own AI infrastructure. This shift indicates companies prefer developing on-premises AI solutions with cheaper open-...
US stock futures rose after a softer-than-expected Consumer Price Index (CPI) report reduced the chances of a Federal Reserve rate hike in July. The market now awaits today's Producer Price Index (PPI) data, which could either confirm easing inflatio...
IBM introduced Power Autonomous Operations, an AI agent that autonomously monitors and resolves issues in Power systems up to 15 times faster than manual methods, enhancing system uptime and efficiency. Alongside, IBM launched the Power S1112, a comp...
