IBM accelerates cloud drive with $11 billion Confluent deal as AI demand booms

Dec 8 (Reuters) - IBM said on Monday it will buy data infrastructure company Confluent in a deal valued at $11 billion, ramping ​up its cloud-computing offerings to capitalize on an AI-driven demand boom. Big ‌Blue, under CEO Arvind Krishna, has doubled down on M&As to beef up its cloud ‌and software business - a high-growth, high-margin area - as customers invest to upgrade their digital infrastructure to house complex artificial intelligence applications. Mountain View, California-based Confluent provi ...