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 witnessed a surge in its AI bookings, surpassing the $1 billion mark. This significant milestone underscores the increasing adoption of AI by enterprises to enhance productivity, drive business outcomes, and improve customer experiences. IBM’s CEO, Arvind Krishna, highlighted the growing traction of enterprise AI and the company’s strategic partnerships with industry leaders such as NVIDIA Corp and ServiceNow Inc to drive AI capabilities and digital transformation.
IBM has reported solid revenue and free cash flow growth in the first quarter of 2024, driven by the strength of its hybrid cloud and AI strategy. The company’s book of business for Watsonx and generative AI continues to show strong momentum, with growth quarter over quarter. IBM is also strengthening its position in the hybrid cloud and AI-driven technology landscape by acquiring HashiCorp, Inc. The acquisition is expected to create a comprehensive end-to-end hybrid cloud platform for the AI era. IBM remains committed to investing in growth opportunities and returning value to shareholders through its dividend.
