While International Business Machines (IBM -2.19%) generates most of its revenue from software and consulting services, the company's hardware business is still an important piece of the puzzle. IBM's mainframe systems, known for their extreme reliability, remain a workhorse in certain industries. Of the world's 50 top banks, 43 use IBM's mainframes to handle mission-critical workloads. Every two to three years, IBM refreshes its mainframe lineup with a new model that brings improved performance and expande ...

IBM is releasing the latest version of its mainframe hardware that includes new updates meant to accelerate AI adoption.The hardware and consulting company on Monday announced IBM z17, the latest version of its mainframe computer hardware. This fully encrypted mainframe is powered by an IBM Telum II processor and is designed for more than 250 AI use cases, the company says, including AI agents and generative AI. Mainframes might seem like old hat, but they’re used by 71% of Fortune 500 companies today, acc ...