IBM

IBM accelerates cloud drive with US$11 billion Confluent deal as AI demand booms

Confluent provides technology needed to manage massive, real-time data streams for artificial intelligence models

IBM also announced on Wednesday a chip named Nighthawk, that will be available at the end of 2025.

IBM says ‘Loon’ chip shows path to useful quantum computers by 2029

The chip remains in its early stages, and it is not yet known when outsiders can test it

Some US workers may be affected by the job reductions, but employment in the country is anticipated to remain roughly the same year over year, IBM says..

IBM to cut thousands of jobs in fourth quarter amid software focus

The company employs about 270,000 workers as at the end of 2024

Minister for Digital Development and Information Josephine Teo says that Singapore must move from reactive regulation to proactive preparation, as the long-term implications of quantum computing cannot be fully predicted.

Singapore aims to be ‘trusted enabler’ of quantum innovation: Josephine Teo

The minister notes that the Republic is moving from theory to application when it comes to quantum computing

The shares have climbed this year on investor enthusiasm for IBM’s software business, which is fuelled by acquired divisions Red Hat and HashiCorp.

IBM falls on lukewarm growth for Red Hat software business

The unit helps customers manage their data and applications among different types of computing equipment

IBM's shares dropped 7.6 per cent to US$260.51 at the close on Thursday in New York. The stock has gained 19 per cent this year, outpacing many technology peers. 

IBM falls most in 15 months on tepid software sales

SHARES of International Business Machines declined the most since April 2024 after the company reported weaker-than-expected sales in its closely watched software segment disappointing investors who h...

Transaction processing sales, which were mostly flat in the quarter, are housed in the software unit, dragging the segment’s performance.

IBM’s software sales disappoint, eclipsing AI mainframe revival

The company’s software segment has traditionally been a bright spot

IBM introduced its new Power11 chips on Tuesday, marking its first major update to its “Power” line of chips since 2020.

IBM rolls out new chips and servers, aims for simplified AI

These chips have traditionally vied against offerings from Intel and AMD in data centres, particularly in specialised sectors such as financial services, manufacturing and healthcare

Data centre management efficiency is also significant, says IBM  chief sustainability officer  Christina Shim.

Renewable energy source important factor in location of IBM data centres

The tech giant has set a target of sourcing 90% of the electricity it consumes worldwide from renewable sources by 2030