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IBM and Basque Government announce plan to install Europe's first IBM Quantum System Two at the IBM-Euskadi Quantum Computational Center in Spain
Prnewswire· 2025-03-13 16:13
Core Insights - The Basque Government and IBM announced the installation of Europe's first IBM Quantum System Two at the IBM-Euskadi Quantum Computational Center in San Sebastian, Spain, expected to be completed by the end of 2025 [1][2][7] - This initiative is part of the BasQ program aimed at establishing the Basque Country as a leading technology hub, enhancing the region's quantum ecosystem [1][3][8] Group 1: Quantum Technology Deployment - The IBM Quantum System Two will be powered by the IBM Quantum Heron processor, which is capable of executing utility-scale algorithms and can expand to multiple processors in the future [2][7] - The installation aims to provide researchers and industry experts in Spain with advanced quantum technologies and tools for algorithm development, driving the quantum ecosystem towards achieving a quantum advantage within two years [5][9] Group 2: Economic and Educational Impact - The center will support the Basque Government's IKUR 2030 vision for quantum technologies, focusing on economic development, workforce building, and sustainability efforts [3][4] - The arrival of the IBM Quantum System Two is expected to enhance the scientific, technological, and innovation ecosystem in the Basque Country, facilitating high-level education programs and international collaborations [4][8] Group 3: Collaboration and Workforce Development - IBM and the Basque Government are collaborating on workforce programs to build world-class talent in quantum computing, promoting education and skill-building through immersive learning programs [9][12] - The center will serve as a hub for researchers from various institutions, enhancing the region's capacity for fundamental scientific research and increasing the number of quantum-trained professionals [8][9]
Fresche Solutions and IBM Forge Strategic Partnership to Deliver PowerVS Managed Services
GlobeNewswire News Room· 2025-03-12 17:00
Core Insights - Fresche Solutions has announced a strategic partnership with IBM to provide managed services for Power Virtual Server (PowerVS), facilitating the migration of Power Systems to the IBM Cloud [1][2][3] - The partnership aims to enhance IT modernization for businesses, leveraging Fresche's expertise in cloud-based managed services and IBM's reliable infrastructure [2][3] Company Overview - Fresche Solutions is recognized as a leader in AI-accelerated modernization, managing and maximizing the value of IT and IBM i business-critical systems [6] - The company has built a strong reputation over three decades within the IBM i ecosystem, focusing on infrastructure, application support, and continuous operations [2][3] Partnership Details - The collaboration with IBM is designed to provide businesses with a seamless onboarding experience and operational support for mission-critical workloads [3] - Fresche's managed services include 24/7/365 support from IBM i specialists, ensuring that IT teams can prioritize innovation over maintenance [2][3] Service Features - Fresche offers flexibility by hosting workloads on IBM's secure and scalable cloud infrastructure, which includes built-in security features such as backup, high availability, and disaster recovery [2] - The services provide low-latency access to IBM products, automated provisioning, and hybrid cloud integration, simplifying cloud adoption for clients [2][3] Industry Impact - The partnership emphasizes a shared commitment to innovation and customer success, driving IT modernization and enabling businesses to unlock new growth opportunities [3]
3 Tech Stocks Defying Sector Weakness and Thriving in 2025
MarketBeat· 2025-03-10 15:03
Core Viewpoint - The U.S. technology sector has experienced weak performance in 2025, with the Technology Select Sector SPDR Fund returning -6% as of March 7, making it the second worst performing sector among SPDR S&P 500 ETFs [1] Group 1: Overall Sector Performance - As of March 7, only 33 out of 96 large-cap U.S. tech stocks have provided a positive total return in 2025 [1] - The consumer discretionary sector has performed worse, with a total return of -8% [1] Group 2: Top Performing Stocks - Okta has emerged as the best performer among large-cap U.S. tech stocks, with a return of nearly 43% in 2025 [2] - Cloudflare's stock is up nearly 18% as of March 7, driven by strong performance and growth in large customers [6] - IBM has provided a total return of nearly 20% in 2025, benefiting from positive earnings reports and strategic discussions with government officials [10] Group 3: Okta's Performance Details - Okta reported impressive earnings in early March, leading to a stock surge of over 24% in one day [3] - The company raised its full-year revenue growth guidance from 7% to 10% and adjusted earnings growth guidance to 13% [3] - Okta achieved its first quarter of $1 billion in bookings, with 20% coming from new products [4] - The average contract size of Okta's top 25 deals in Q4 was just under $13 million, and the company plans to cut 3% of its workforce to enhance growth [5] Group 4: Cloudflare's Performance Details - Cloudflare's significant gains were driven by strong earnings on February 7, with shares spiking 18% after beating Wall Street expectations [8] - The number of large customers increased by 27%, with $1 million+ customers rising by 47% [8] Group 5: IBM's Performance Details - IBM's shares gained nearly 5% on March 7 following news of a meeting between its CEO and President Trump regarding tariff policies [11] - The company reported a $2 billion GenAI-related business, with 75% of revenue coming from consulting services [12]
Mitsubishi Motors Canada Launches AI-Powered "Intelligent Companion" to Transform the 2025 Outlander Buying Experience
Prnewswire· 2025-03-10 11:00
Core Insights - Mitsubishi Motor Sales of Canada has launched an AI-powered tool called "The Intelligent Companion" to enhance customer experience for the 2025 Mitsubishi Outlander [1][3] - The tool utilizes IBM's watsonx AI products and offers a personalized, interactive 3D visual guide to the vehicle's features, improving customer engagement during the purchasing process [2][5] Company Strategy - Mitsubishi Motors Canada is focusing on AI investments that deliver real value to customers, marking a significant collaboration with WongDoody and IBM [3][8] - The development of "The Intelligent Companion" was completed in a rapid timeframe, moving from initial discussions to market launch in just twelve weeks, showcasing the efficiency of the collaboration [7] Product Features - "The Intelligent Companion" provides a tailored experience, adapting to individual customer needs and offering a conversational interface for inquiries about the vehicle [5][6] - The tool is designed to handle large amounts of data and offers a deep dive into AI-driven interactions, allowing users to explore the Outlander in a Mitsubishi-branded environment [4][6] Market Positioning - As a challenger brand, Mitsubishi Motors Canada aims to leverage cutting-edge technology to enhance customer satisfaction and drive innovation [3][8] - The collaboration with WongDoody and IBM highlights the potential of AI in transforming customer experiences and operational efficiency [8]
IBM Extends JNPR Tie-Up for AI-Native Networking: Stock to Gain?
ZACKS· 2025-03-06 15:40
Core Insights - IBM has renewed its collaboration with Juniper Networks to enhance productivity in enterprise workflows by integrating its watsonx platform with Juniper's Mist AI [1] - The partnership will focus on two internal projects: IBM Guest Services for automating IT network support and IBM AskNetwork for diagnosing network issues [2] - The collaboration aims to improve efficiency, reduce operational costs, and empower end users with real-time support [3] Watsonx Platform - IBM's watsonx platform is positioned as a key growth driver, providing foundational models to enhance enterprise productivity [4] - The platform includes three main products: watsonx.ai for AI and machine learning, watsonx.data for data management, and watsonx.governance for responsible AI workflows [4] Hybrid Cloud Demand - IBM's growth is primarily driven by analytics, cloud computing, and security, with increasing demand for hybrid cloud solutions [5] - The acquisition of HashiCorp has strengthened IBM's capabilities in managing complex cloud environments, complementing its existing portfolio [6] Estimate Revisions - IBM is experiencing an upward trend in earnings estimate revisions, with 2025 estimates increasing by 1.6% to $10.78 and 2026 estimates rising by 3.3% to $11.61 [7] Price Performance - IBM's stock has increased by 27.9% over the past year, outperforming the industry average decline of 19.2% [8] - The company expects revenue growth of at least 5% for 2025, driven by a strong portfolio and productivity initiatives [9] Earnings Surprise and Investment Potential - IBM has a trailing four-quarter average earnings surprise of 6.1% and holds a Zacks Rank 2 (Buy) [10] - The company's strong fundamentals and focus on hybrid cloud and AI suggest potential for further stock price appreciation [13]
2025 Call for Code Engages Developers to Build AI Solutions that Address Social and Humanitarian Issues
Prnewswire· 2025-03-05 14:00
Core Insights - Call for Code 2025 invites developers to create AI solutions addressing United Nations Sustainable Development Goals (SDGs) [1][2] - The initiative has been active since 2018, focusing on leveraging technology for social good [2][3] - Participants will engage in five qualifying hackathons throughout the year, each centered on a different SDG [3][4] Hackathon Details - The first hackathon is scheduled from March 20 to March 31, 2025, focusing on SDG 6: Clean Water and Sanitation [4] - Participants will utilize IBM's watsonx.ai to develop AI virtual agents for the competition [4] - Additional hackathons will address other SDGs, including SDG 13: Climate Action, in collaboration with the Right Here, Right Now Global Climate Summit [4] Prizes and Opportunities - Each hackathon offers a top prize of $5,000 USD and conference passes for team members to the IBM TechXchange Conference 2025 [5] - The overall winners of the Call for Code Global Challenge can compete for a grand prize of $50,000 USD [5] - Participants will have access to IBM's enterprise-grade software at no cost, enhancing their development experience [5] Organizational Support - The initiative is supported by IBM and the United Nations Human Rights, emphasizing the role of technology in promoting sustainability and humanitarian efforts [3][5] - Call for Code aims to foster a community of socially-minded developers focused on human-centered tech solutions [5][8]
Why Is IBM (IBM) Down 2% Since Last Earnings Report?
ZACKS· 2025-02-28 17:35
Core Insights - IBM reported strong fourth-quarter 2024 results, with adjusted earnings and revenues exceeding estimates, driven by solid demand for hybrid cloud and AI solutions [2][3] Financial Performance - Net income for Q4 2024 was $2.91 billion or $3.09 per share, down from $3.29 billion or $3.55 per share in the previous year due to high operating expenses [4] - For the full year 2024, net income was $6.02 billion or $6.43 per share, compared to $7.5 billion or $8.14 per share in 2023 [5] - Quarterly total revenues increased to $17.55 billion from $17.38 billion, with a 2% year-over-year increase on a constant currency basis [6] Segment Performance - Software segment revenues rose to $7.92 billion from $7.18 billion, with notable growth in Red Hat (up 17%), Automation (16%), and Data & AI (5%) [8] - Consulting segment revenues decreased to $5.17 billion from $5.28 billion, missing estimates due to clients prioritizing spending [9] - Infrastructure segment revenues fell to $4.26 billion from $4.6 billion, reflecting lower demand and higher investments in AI and hybrid cloud [10] Cash Flow & Liquidity - IBM generated $4.33 billion in cash from operations during the quarter, with free cash flow at $6.16 billion, up from $6.09 billion in the prior year [12] Outlook - For 2025, IBM expects revenue growth of at least 5% on a constant currency basis, with free cash flow projected around $13.5 billion [13]
IBM Completes the Acquisition of HashiCorp: Will it Benefit the Stock?
ZACKS· 2025-02-28 17:25
Core Viewpoint - IBM has completed the acquisition of HashiCorp Inc. for an enterprise value of $6.4 billion, aiming to enhance innovation, security, and cloud capabilities for clients [1]. Company Overview - HashiCorp, based in California, specializes in software solutions that automate multi-cloud and hybrid environments, focusing on Infrastructure Lifecycle Management and Security Lifecycle Management [2]. Industry Trends - The rise in traditional cloud-native workloads and generative AI deployment is leading to complex infrastructure strategies, prompting firms to adopt cloud-agnostic and interoperable approaches for secure multi-cloud management [3]. - It is projected that generative AI will generate 1 billion new cloud-native applications by 2028, increasing the demand for advanced automation solutions [4]. Strategic Benefits of Acquisition - The acquisition is expected to create synergies across IBM's strategic growth areas, including Red Hat and IT automation solutions, with HashiCorp's products like Terraform and Vault playing a central role [5]. - Terraform will be integrated with IBM's Red Hat Ansible Automation Platform, enhancing cloud infrastructure management and deployment capabilities for IBM Z applications in hybrid cloud settings [5]. - HashiCorp's Vault will likely improve security and secrets management in hybrid cloud environments when used with the Red Hat OpenShift platform [5]. Growth Strategy - The integration of HashiCorp's solutions aligns with IBM's strategy to enhance growth in AI-driven IT automation, data security, and IT consulting, optimizing IT spending and reducing cloud costs through advanced automation tools [6]. - IBM is positioned to benefit from strong demand for hybrid cloud and AI, with growth driven by analytics, cloud computing, and security [7]. Financial Performance - IBM's stock has increased by 36.6% over the past year, significantly outperforming the industry's decline of 8.1% [9]. - The acquisition is expected to attract more customers and lead to higher revenues, potentially improving financial performance and stock value [8].
IBM closes $6.4B HashiCorp acquisition
TechCrunch· 2025-02-27 14:20
Core Insights - IBM has completed its acquisition of HashiCorp for $6.4 billion, following approval from the U.K. antitrust regulator [1] - The acquisition is part of IBM's strategy to enhance its hybrid cloud capabilities and is expected to meet the growing demand for modern, hybrid cloud-ready applications [2] - This acquisition builds on IBM's previous significant acquisitions, including Red Hat for $34 billion in 2019 and Apptio for $4.6 billion in 2023 [3] Company Developments - IBM's valuation has reached nearly $240 billion, marking an all-time high as it capitalizes on trends in AI and cloud computing [2] - The integration of HashiCorp is anticipated to strengthen IBM's position in the hybrid cloud market, which is increasingly important for organizations seeking automated cloud infrastructure [2] Industry Context - The demand for hybrid cloud solutions is rising globally, with organizations looking to deploy applications that require scalable automated infrastructure [2]
IBM Completes Acquisition of HashiCorp, Creates Comprehensive, End-to-End Hybrid Cloud Platform
Prnewswire· 2025-02-27 14:00
HashiCorp's capabilities drive significant synergies across multiple strategic growth areas for IBM, including Red Hat, watsonx, data security, IT automation and ConsultingARMONK, N.Y., Feb. 27, 2025 /PRNewswire/ -- IBM (NYSE: IBM) today announced it has completed its acquisition of HashiCorp, whose products automate and secure the infrastructure that underpins hybrid cloud applications and generative AI. Together the companies' capabilities will help clients accelerate innovation, strengthen security, and ...