IBM

US to invest in quantum computing firms in exchange for stakes

THE Trump administration is awarding grants to a handful of companies, including IBM, that are focused on quantum computing in exchange for stakes in some of them.

Those looking to venture abroad must accept that things will change and prepare accordingly, says Yap.

Young leaders must venture abroad to play a global role: Jabil’s May Yap

Those who want to be at the helm should experience the world first-hand, says the manufacturing giant’s CIO

IBM has especially been hit after Anthropic said in February that one of its tools could help modernise Cobol, a language widely used on the company’s mainframes.

IBM’s slower revenue growth fans AI worries, shares fall

Concerns that AI will eat into the software business have grown with the launch of tools that can automate routine corporate functions

Cobol is a programming language widely used on IBM mainframes across banking, insurance and government systems.

IBM posts steepest daily drop since 2000 after Anthropic says AI can modernise Cobol

Software stocks have been battered in recent months by market fears around the growing capabilities of AI tools

The result is a different mix of duties for early-career workers at IBM.

IBM plans to triple entry-level hiring in the US

The company’s decision comes as questions mount about whether AI will wipe out opportunities for new graduates

While IBM’s software unit has thrived, its consulting business has seen multiple quarters of strain.

IBM posts revenue that tops estimates on software gains

The stock has gained 30% over the past twelve months, outpacing many technology industry peers

Gerstner’s nine-year tenure as chairman and CEO of the company known as “Big Blue” is often used as a case study in corporate leadership.
OBITUARY

Louis Gerstner, CEO credited with turning around IBM, dies at 83

The company put its focus on so-called middleware

“IBM and Confluent together will enable enterprises to deploy generative and agentic AI better and faster,”  says CEO Arvind Krishna.

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