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IBM announces $20 billion investment in New York for high-tech projects

Arvind Krishna, CEO of International Business Machines announced a $20 billion investment in quantum computing, semiconductor manufacturing and other high-tech areas in its New York state facilities

Biden to mark $20-bn IBM investment with Democrats in tough races

President Joe Biden is ready to celebrate a new USD 20 billion investment by IBM in New York's Hudson River Valley with two House Democrats running in competitive races in next month's critical mid-term elections. Biden is taking part in a Thursday afternoon announcement at the IBM facility in Poughkeepsie, New York. He is expected to hold out the company's plans as part of what the White House says is a manufacturing boom spurred by this summer's passage of a USD 280 billion legislative package intended to boost the US semiconductor industry and scientific research. Democrats facing tough mid-terms races have largely avoided appearing with Biden in the leadup to November's elections. But Biden, whose approval ratings remain underwater, will be joined by two House incumbents in competitive New York races who are bucking the trend: Reps. Sean Patrick Maloney and Pat Ryan. When I heard @POTUS was looking to see the benefits of the CHIPS & Science Act first-hand, I told him that the

Kerala CM Pinarayi Vijayan inaugurates new software lab of IBM in Kochi

Kerala Chief minister Pinarayi Vijayan on Friday inaugurated the new software lab of IBM, a state-of-the-art global innovation centre, at Brigade World Trade Centre inside the Infopark here. The centre will focus on product engineering, design, and development of new products and solutions in the areas of data and AI and automation and collaborate with the technology eco-system in the region to co-create solutions for the global industry. Vijayan said the investment made by the IBM shows that Kerala's IT hub have the greenest IT spaces and a talent pool of IT professionals. "IBM's choice to establish its software lab at Infopark- Kochi is truly something to celebrate. This investment shows once more that Kerala's IT hubs have the greenest IT spaces, a talent pool of IT professionals, a Centre of Excellence in emerging technologies, and the economic momentum to continue to move the state forward as the country's next digital hub," Vijayan said. The chief minister also said his ...

AI has moved from experiment to adoption: IBM Research AI's Sriram Raghavan

Raghavan talks about how AI is evolving, its use by governments as well as bad elements, and the significance of IBM Labs India

Intentional about expanding beyond metro cities, says IBM India

'In India, we have had a multi-city approach where we wish to be closer to where our clients are. Software Labs, System Labs and Research Labs are all in different locations'

Moonlighting not ethical: IBM India's Patel joins IT industry debate

Wipro's leader Rishad Premji and Infosys have warned against practice before

IBM India joins IT industry's chorus on moonlighting; calls it unethical

Moonlighting, the practice of taking up secondary jobs after the regular work hours, has been highlighted by many tech companies of late

IIT Madras Indian academic institute to join IBM's Quantum Network

Engineering college will get access to the company's advanced quantum computing systems and expertise

Cost for data breaches averaged Rs 17.6 cr in 2022, highest ever: IBM study

Industrial companies paid most for cyberattacks as 'threat magnitude' grows

Kerala: IBM launches automation innovation centre to meet business demands

To be in line with the business demands in India, the International Business Machines (IBM) on Monday launched Automation Innovation Centre at Brigade World Trade Centre Info Park in Kerala's Kakkanad

IBM begins closing business, laying off staff in Russia: CEO Arvind Krishna

IBM has started an "orderly wind-down" of its business and laying off the workforce in Russia with its CEO Arvind Krishna saying the IT giant will continue to stand by its employees in the country.

IBM ends all Russian operations, lays off staff amid Ukraine war: CEO

Following a freeze on activities in Russia earlier this year, IBM CEO Arvind Krishna has informed employees that the company is ending all operations in the country and has begun laying off employees

IBM has to pay BMC Software Inc $1.6 billion for poaching AT&T account

The judgment is one of the largest ever to arise from a commercial dispute, Sean Gorman, a partner with Bracewell LLP who represented BMC in the case, said

Indian, Chinese companies take lead in use of artificial intelligence: IBM

Indian and Chinese companies are taking lead in use of artificial intelligence compared to their peers in major technically-advanced countries, an IBM survey report said on Thursday. According to the survey, 35 per cent of companies globally reported using AI in their business and when compared with 2021, organisations are 13 per cent more likely to have adopted AI in 2022. "Chinese and Indian companies are leading the way, with nearly 60 per cent of IT professionals in those countries saying their organisations already actively use AI, compared with lagging markets like South Korea (22 per cent), Australia (24 per cent) the US (25 per cent) and the UK (26 per cent)," IBM's Global AI Adoption Index 2022 said. It said that IT professionals in the financial services, media, energy, automotive, oil and aerospace industries are most likely to report their companies have actively deployed AI, while organisations in industries such as retail, travel and government/ federal services and ..

For hype-wary IBM, quantum-computing sales are close, but not too close

Companies for years have touted quantum computing's potential, with little to show for it beyond error-prone machines and basic applications with early clients.

Michael Dell and the big turnaround

Dell Computers is one of the survivors that rode the original IBM-compatible PC wave and managed to successfully reinvent itself when that market became a low-margin commodity play

IBM keen to share knowledge with Karnataka govt on cyber security, AI

The three-member IBM delegation led by Sandip Patil, managing director, IBM South Asia assured the minister that the company would help the government in formulating a cyber-security policy

IBM consulting opens Client Innovation Center in Coimbatore

IBM on Thursday opened its new Client Innovation Center (CIC) in the city, which will fast-track digital transformation and enhance the economic growth in the regions which will strengthen the company's hybrid cloud & AI consulting capabilities. India is at the core of our growth strategy and plays an important role in enabling us to deliver greater value to our clients and partners across the world, said John Granger, Senior Vice President, IBM Consulting, said in a release here. The new center will leverage the IBM Garage method of delivery, an approach that uses leading technology to create fully integrated, best-in-class solutions to co-create, co-innovate, and co-operate with its clients and ecosystem partners in spearheading transformative work. Further, the expanded presence of IBM will create opportunities for existing employees as well as enable the company to harness the potential talent including graduate hires from the technical educational ecosystem in these ...

IBM to help modernise supply chain for Marks & Spencer India

Tech titan IBM on Thursday announced it is helping Marks & Spencer Reliance India (M&S India) modernise its supply chain to drive seamless integration between online and in-store business for improved customer experience. M&S is scaling its omnichannel capabilities in India with IBM Sterling Supply Chain Solutions, a joint statement said. It did not divulge the size of the contract. "The company is driving faster delivery of products to customers by streamlining the order fulfilment process using IBM Sterling's Order Management. "It involves real-time inventory visibility, a microservices-based solution running on IBM cloud, along with call center capabilities to expand its digital presence and accelerate business growth," it added. IBM has collaborated with its business partner Acuver Consulting to help M&S India deploy an omnichannel order management system for speedy go-to-market, enhanced order fulfilment capabilities and better customer experience. "The robust, ...

IBM suspends all business in Russia due to its invasion of Ukraine: CEO

The multinational technology corporation IBM has suspended all its business in Russia due to the conflict in Ukraine, CEO Arvind Krishna said