UFC, the world’s premier mixed martial arts organization, has entered a groundbreaking partnership with IBM to develop the UFC Insights Engine. This innovative technology, powered by IBM’s watsonx AI platform, will provide fans with real-time, in-depth fight analysis, enhancing their viewing experience across various platforms.
IBM has unveiled a new quantum computer that boasts significant hardware and software upgrades, making it powerful enough for tackling real-world scientific problems. The system, featuring a new 156-qubit processor and optimized software, offers a 50-fold speedup compared to previous models, promising breakthroughs in materials science, chemistry, and more.
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IBM’s stock took a tumble on Thursday following a weaker-than-expected third-quarter revenue report. While software performance remained strong, consulting and infrastructure segments lagged, prompting analysts to adjust their ratings and price targets. Despite the mixed results, some analysts remain optimistic about IBM’s future prospects, highlighting the company’s strong software growth and potential for margin expansion.
US stock futures were mixed this morning, with the Nasdaq futures gaining, but the pre-market session saw a downturn for several tech companies after disappointing earnings reports. IBM, ICON, Garrett Motion, Beyond, Carrier, Spirit Airlines, and enGene Holdings all experienced significant share price declines.
US markets closed lower on Wednesday, with the Dow Jones Industrial Average, S&P 500, and Nasdaq all experiencing declines. The day’s trading saw notable moves in Tesla, Spirit Airlines, IBM, Boeing, and Arm Holdings. Read on to learn about these companies’ performance and key developments.
International Business Machines (IBM) reported mixed third-quarter earnings, with software revenue showing strong growth while infrastructure revenue declined. Despite missing revenue estimates, IBM highlighted its strong momentum in AI and reaffirmed its free cash flow target for 2024.
IBM has released Granite 3.0, its latest family of open-source AI models designed to meet the growing enterprise demand for AI transparency, safety, and performance. The models, available under the Apache 2.0 license, support over 12 natural and 116 programming languages and are designed for a variety of business tasks. This release comes amidst debate about the true meaning of open-source AI, with IBM emphasizing responsible AI development and contrasting its approach with the practices of other tech giants.
IBM has announced the completion of its latest expansion at its quantum data center in Poughkeepsie, New York, boasting the largest number of utility-scale quantum computers in a single location globally. This expansion, with significantly improved performance compared to previous systems, marks a significant step forward in the company’s quantum computing journey. Alongside this, IBM has launched a new open-source AI foundation model for weather and climate applications, developed in collaboration with NASA and Oak Ridge National Laboratory.
Two prominent technology stocks, IBM and Oracle, are currently displaying signs of being overbought based on their Relative Strength Index (RSI) values. This analysis provides insights into their recent performance, stock price movement, and potential implications for investors.
