International Business Machines Corporation (IBM) has unveiled the architecture of the upcoming IBM Telum II Processor and IBM Spyre at Hot Chips 2024. Designed to enhance processing capacity in next-generation IBM Z mainframe systems, these technologies will accelerate the use of traditional and large language AI models through an innovative ensemble artificial intelligence (AI) method.This advancement addresses the growing need for power-efficient, secure and scalable solutions as generative AI projects w ...

For Immediate ReleaseChicago, IL – August 27, 2024 – Today, Zacks Equity Research discusses, IBM (IBM) , Hewlett Packard Enterprise (HPE) and Agilysys (AGYS) .Industry: Tech SolutionsLink: https://www.zacks.com/commentary/2327100/3-stocks-to-watch-from-a-challenging-technology-solutions-industryPlayers in the Zacks Computer – Integrated Systems industry are grappling with persistent supply-chain bottlenecks. a challenging macroeconomic climate characterized by rising inflation and higher interest rates, soa ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: US computer giant IBM will close its research and development arm in China. US computer giant IBM confirmed Monday it would close its research and development arm in China. Multiple employees told AFP they had been informed during a brief meeting with US executives on Monday that the company would gut its research and developm ...

KEY TAKEAWAYSIBM reportedly is closing its China research and development (R&D) department and moving those functions overseas.The Wall Street Journal said IBM executive Jack Hergenrother informed employees of the move in a virtual meeting Monday. In a statement to Investopedia, an IBM spokesperson said, “IBM adapts its operations as needed to best serve our clients." IBM (IBM) reportedly is closing its China research and development (R&D) department and moving those functions overseas.The Wall Street Journ ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

With many generative AI projects leveraging Large Language Models (LLMs) moving from proof-of-concept to production, the demands for power-efficient, secured and scalable solutions have emerged as key priorities. Morgan Stanley research published in August projects generative AI's power demands will skyrocket 75% annually over the next several years, putting it on track to consume as much energy in 2026 as Spain did in 2022.1 Many IBM clients indicate architectural decisions to support appropriately sized f ...

Richard Drury Investment Thesis IBM (NYSE:IBM) (NEOE:IBM:CA) is one of the oldest companies on the market that has stood through many tests of time and seen it all, having IPO-ed before the end of World War 1. As a result, the company has seen many technologies come and go, pioneering some of those technologies, such as the floppy disk, the mainframe, and PCs, and missing the train on a few important ones, such as the smartphone and cloud computing, in the last couple of decades. It’s the innovation tra ...

It has been about a month since the last earnings report for IBM (IBM) . Shares have added about 2.1% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is IBM due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. IBM’s Q2 Earnings & Revenues Beat Estimates on Solid DemandI ...

SAN FRANCISCO, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Fresche Solutions, a global leader in IBM i management and modernization, announced today its new TotalOps360 Comprehensive Managed Services for the IBM i market. Uniquely positioned as the market’s only solution to provide support for infrastructure, operating systems, applications, and data, TotalOps360 addresses the critical IBM i talent shortage, providing organizations with the comprehensive support they need to ‘keep the lights on’ as more experienced I ...

CEO confidence in the effectiveness of basic IT services nearly halves over 10 years43% of surveyed tech CxOs say concerns about their technology infrastructure have increased because of generative AIARMONK, N.Y., Aug. 21, 2024 /PRNewswire/ -- A new IBM (NYSE: IBM) Institute for Business Value study found that while IT leaders are preparing organizations for accelerated generative AI adoption, C-suite executives' confidence in their IT team's ability to deliver basic services is declining.The global study* ...