IBM predicts strong revenue growth from AI services. Shifting focus to AI roles, IBM plans layoffs. Q4 highlights a surge in IBM’s AI business. IBM, under the leadership of CEO Arvind Krishna, is forecasting robust full-year revenue growth, surpassing market expectations. The optimistic outlook is anchored in the steady demand for the company’s IT software … Read more
Elon Musk’s X charges Media Matters over antisemitism research. Media Matters claimed last week that X displayed antisemitic content alongside. Media Matters manufactured images to portray advertisers’ posts. Elon Musk’s social media platform X has filed a lawsuit against left-leaning advocacy group Media Matters for America, alleging that it “manipulated” data to harm the platform. … Read more
X ads were suspended by IBM as they were seen next to Nazi posts. It finds it “completely unacceptable” for its content to appear in such threads. IBM promptly suspended all advertising on X while investigating the situation. IBM has decided to halt advertising on X (formerly Twitter) after reports revealed its ads were placed … Read more
IBM invests $500M in AI startups for enterprise generative AI. Team-led fund accelerates AI innovation, aiding startups with funds and expertise. IBM leverages watsonx for cutting-edge AI, fostering responsible innovation and partnerships. In a strategic move to propel the evolution of artificial intelligence (AI) in the enterprise sector, IBM has unveiled a groundbreaking initiative—the IBM … Read more
IBM, a global tech leader, has job openings in Saudi Arabia with competitive salaries of up to 8,500 Saudi Riyals. If you’re interested in an IBM career in Saudi Arabia, here’s a guide to eligibility, necessary documents, and the application process. Eligibility Criteria: Candidates interested in IBM job opportunities in Saudi Arabia must fulfill the … Read more
IBM (International Business Machines Corporation) is a multinational technology and consulting company known for providing a wide range of information technology (IT) products, services, and solutions to businesses and organizations worldwide. About The Company For over sixty years, IBM Middle East & Pakistan has been a significant contributor to the development of the information technology … Read more
Combined market share of Amazon, Microsoft, and Google reaches 65%. Dominance of these three companies even more evident in public cloud sector. IBM and Alibaba’s market shares decline over five-year period. Despite clear economic concerns, recent Synergy Research Group data reveal a favourable upward trend in company spending on cloud infrastructure services. Enterprise spending on … Read more
According to James Kavanaugh, IBM senior vice president and chief financial officer, Russia generated approximately $300 million in revenue. Approximately $200 million in profit and cash in fiscal 2021.officer, at IBM’s first fiscal quarter 2022 financial analyst conference call on April 19. The shutdown process began on May 30, and it will result in the … Read more
On Wednesday, IBM shares closed up 7.1 percent after the hardware, software, and consulting company reported better-than-expected first-quarter results, prompting analysts to raise price targets and estimates. IBM’s gains marked the company’s best day since early April 2020. The 110-year-old technology company has become more appealing to investors this year as central banks have raised … Read more
Netflix shares plunged more than 35 percent early Wednesday following disappointing consequences, whilst the Dow pushed higher in a mixed open for US stocks. The streaming giant caught Wall Street off protecting for the second quarter in a row, reporting a drop in subscribers for the first time in a decade. The enterprise blamed the … Read more
IBM is sounding the alarm over hackers targeting companies dangerous to the supply of COVID-19 vaccines, a sign that digital detectives are turning their attention to the complex logistical work involved in inoculating the world’s population against the novel coronavirus. The IT company has said in a post published on Thursday that it had uncovered … Read more
Tech giant Amazon has banned the police from using its controversial facial recognition software for a year amid a growing backlash over the tech company’s ties to law enforcement. According to the details, the ban comes after civil rights advocates raised concerns about potential racial bias in surveillance technology. The decisions follow growing pressure on … Read more
