IBM's CEO Arvind Krishna revealed disappointing Q2 2026 results, with revenue growth far below expectations and a 7% decline in Infrastructure revenue. The shortfall was mainly due to problems with IBM Z mainframe performance and failed large deals, causing the stock to drop 25% and wiping out $68 billion in market value. Hagens Berman is investigating whether IBM delayed disclosing these issues, urging investors with losses to come forward. The outcome could impact investor confidence and lead to legal actions if wrongdoing is found.
NASA and IBM have launched the open-source NASA-IBM Lunar Foundation Model, an AI tool trained on extensive lunar data to enhance the study of the Moon's surface. This model improves identification of key features like ice deposits, craters, and volc...
IBM and Lockheed Martin have established a quantum innovation hub at ETH Zurich, hosting Switzerland's first IBM Quantum System Two at the Swiss National Supercomputing Centre. This initiative aims to boost Switzerland's quantum ecosystem by providin...
The US Commerce Department allocated $2.013 billion in federal incentives to boost domestic quantum manufacturing, mainly benefiting five key companies: GlobalFoundries, IBM, Rigetti Computing, D-Wave Quantum, and Quantinuum. GlobalFoundries and IBM ...
A research team from Cleveland Clinic, RIKEN, and IBM has simulated the largest biologically meaningful molecule ever modeled with quantum computers, a protein containing 12,635 atoms. This breakthrough was achieved by combining quantum and classical...
