IBM Shares Dive As Revenue Woes Continue
"The actions we are taking to focus on hybrid cloud and AI will take hold, giving us confidence we can achieve revenue growth in 2021.”
Report: IBM To Cut 10,000 Jobs
The job cuts could affect about 20% of its staff in Europe. The United Kingdom and Germany would be the hardest hit, says Bloomberg.
IBM to Buy Software Company Instana
The company said the move is part of its hybrid cloud and AI push.
IBM Beats Q2 Estimates, Sees Cloud Growth
“Our clients see the value of IBM’s hybrid cloud platform, based on open technologies, at a time of unprecedented business disruption."
Tech Giants Sued Over Photos in Facial Recognition Database
Microsoft, Amazon, and Google allegedly used pictures collected without consent to train their technologies.
IBM Discontinues Facial Recognition Technology
Tech giant says it can't condone "racial profiling" or "mass surveillance."
IBM Sales Slump for Fifth Straight Quarter
“The company’s cloud business hasn’t been able to make up for declining sales in its services, hardware, and financing businesses."
Red Hat Fires CFO Over Workplace Standards
Eric Shander, who had been with the software firm since 2015, helped guide it through its acquisition by IBM.
IBM, Chainyard Launch Blockchain Network for Suppliers
The new network increases efficiency and reduces fraud and error risk.