(IBM) on Wednesday reported third-quarter net income of $1.74 billion.

Key segment results included Software revenue up 9%, Automation up 22%, Red Hat bookings growth at about 20% and revenue up 12%, Data up 7%, Transaction Processing down 3%, and Infrastructure up 15%.

IBM on Wednesday recorded a slowdown in growth in its key cloud software segment, overshadowing booming AI-driven demand for ...

The new mainframe, which is powered by chips specialized for AI applications, is being widely used by the financial industry, ...

According to IBM, DAT uses Storage Scale’s Asymmetric Data Replication technology to address input/output operations per second (IOPS) limitations, which can hinder real-time AI inference performance, ...

IBM announced that it has signed a definitive agreement to acquire Cognitus, a leading SAP S/4HANA services provider, with industry-specific, AI-powered solutions. Cognitus will bring mission-critical ...

Tech giant International Business Machines ( NYSE: IBM) is set to report its third-quarter earnings on Wednesday, October ...

IBM is incorporating Groq’s inference platform, GroqCloud, and its custom Language Processing Unit (LPU) hardware ...

IBM announced the upcoming general availability of the IBM Spyre Accelerator, an AI accelerator enabling low-latency inferencing to support generative and agentic AI use cases, while prioritizing the ...

Apache Gravitino is a high-performance, geo-distributed, and federated metadata lake. It manages metadata directly in different sources, types, and regions, providing users with unified metadata ...