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☆ IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue miss
▼ + stars: | 2024-04-24 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

On Tuesday, The Wall Street Journal reported that IBM was getting close to acquiring HashiCorp, sending shares upward. In 2021 HashiCorp shares started trading on the Nasdaq. HashiCorp shares moved 4% higher in extended trading following the acquisition announcement. Revenue from software, at $5.90 billion, increased about 6% and was below the $5.96 billion consensus among analysts surveyed by StreetAccount. Notwithstanding the after-hours move, IBM shares are up about 13% so far this year, outperforming the S&P 500 index, which is up 6% over the same period.

Persons: Arvind Krishna, Dave McJannet, Rob Thomas, IBM's, HashiCorp Organizations: Economic, IBM, HashiCorp, Street Journal, Bloomberg, Linux, Nasdaq, LSEG, StreetAccount, Weather Company, Francisco Partners Locations: Davos, Switzerland

☆ Bringing AI-powered trade ideas to individual investors
▼ + stars: | 2024-03-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBringing AI-powered trade ideas to individual investorsRon Insana, iFi AI CEO, and Rob Thomas, IBM chief commercial officer and SVP, join 'Closing Bell' to discuss what iFI AI is, how the partnership with IBM came to be, and more.

Persons: Ron Insana, Rob Thomas Organizations: IBM

☆ Crowdfunding Hollywood: How studio Legion M taps fans-turned-investors to make movies
▼ + stars: | 2024-03-03 | by ( Sarah Whitten | ) www.cnbc.com time to read: +5 min

Emma Mcintyre | Getty ImagesWhen Paul Scanlan and Jeff Annison first dreamed up their production studio, Legion M, they set out to build not just a company, but a community. While crowdfunding is not a new concept, Legion M is taking it to the next level — giving ordinary moviegoers a seat at Hollywood's table. That's what sets Legion M apart. For Legion M's "My Dead Friend Zoe," the company collected funds from Legion M investors and from larger, more traditional Hollywood financiers, including Kansas City Chiefs star tight end Travis Kelce. He said working with Legion M "felt very natural from the first call."

Persons: William Shatner, Emma Mcintyre, Paul Scanlan, Jeff Annison, Jay, Bob, Anne Hathaway, Jason Sudeikis, Simon Pegg, Minnie Driver, Nandor Fodor, Zach Braff's, Rob Thomas, Veronica Mars, Annison, Zoe, Travis Kelce, Chris Temple, Glauber Contessoto, Zach Ingrasci, Erik Tanner, Frazer Harrison Organizations: Legion, San Diego, Theatre, Business, Amazon Prime, Kansas City Chiefs, Spring Studio, Getty, Angel Studios, Con, Paramount Theater Locations: San Diego , California, Hollywood, New York City, Austin , Texas

☆ IBM sells weather business to private equity firm Francisco Partners
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsAug 22 (Reuters) - International Business Machines (IBM.N) has agreed to sell its weather business to private equity firm Francisco Partners for an undisclosed sum, the technology services giant said on Tuesday. IBM will retain its sustainability software business. The Big Blue said Tuesday it plans to continue using The Weather Company's weather data for its software offerings focused on environmental insights. Francisco Partners did not immediately respond to a request for comment. The deal with Francisco Partners is expected to close in the first quarter of 2024 and is subject to regulatory approval.

Persons: Brendan McDermid, Rob Thomas, Arsheeya, Pooja Desai Organizations: IBM, New York Stock Exchange, REUTERS, Business Machines, Francisco Partners, Storm, NASA, Street Journal, Thomson Locations: New York, U.S, Watsonx, Bengaluru

☆ IBM's Rob Thomas on acquiring Apptio: A perfect time to do this
▼ + stars: | 2023-06-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIBM's Rob Thomas on acquiring Apptio: A perfect time to do thisRob Thomas, chief commercial Officer at IBM, joins ‘Squawk on the Street’ to discuss their announcement to acquire the software company Apptio from Vista Equity Partners for $4.6 billion and more.

Persons: Rob Thomas, Squawk Organizations: IBM, Vista Equity Partners

☆ Managers who use AI will replace managers who don't, says an IBM exec
▼ + stars: | 2023-05-09 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Managers who use AI will replace those who don't, Rob Thomas, an IBM exec, said during a press event. Last week, IBM announced the firm will pause hiring on roles that can be replaced by AI. Cutting-edge AI tools like ChatGPT isn't quite ready to replace managers — but those who don't learn how to use AI may be at-risk of losing their jobs. "AI may not replace managers, but the managers that use AI will replace the managers that do not," Rob Thomas, chief commercial officer at IBM, said during a recent press conference, TechCrunch reported. Thomas's thoughts on AI come a week after IBM announced it would pause hiring on jobs that could be replaced by AI.

☆ Read the pitch deck for a startup that's aiming to disrupt film production in Hollywood with an app that's 'like fantasy football for film buffs'
▼ + stars: | 2022-11-29 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

Startup production company Legion M is crowdsourcing funds and promising to give movie fans greenlight power. Legion M, founded by Paul Scanlan and Jeff Annison, lets investors buy shares for as little as $40. Legion M now has four films in post-production slated to be released in 2023, the cofounders added. Legion MLegion MLegion MLegion MLegion M'A company with a built-in audience for everything it creates'One slide spells out the potential power of one million fan-investors — as consumers, promoters, and predictors of successful projects. Legion MThe Nicolas Cage film 'Mandy' was an early success for Legion MLegion MLegion MLegion MLegion MLegion M says its annual revenue has surpassed $1 millionLegion MLegion MLegion M

☆ NHL roundup: Flames hold off Kings 6-5
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +2 min

Mandatory Credit: Sergei Belski-USA TODAY SportsNovember 15 - Tyler Toffoli and Elias Lindholm each had a goal and two assists for the Calgary Flames in a 6-5 win against the visiting Los Angeles Kings on Monday night. Adam Ruzicka had a goal and an assist, and Jacob Markstrom made 24 saves for the Flames, who have won two in a row. Jonathan Huberdeau, Andrew Mangiapane and Brett Ritchie also scored for Calgary, and Nazem Kadri registered two assists. Anze Kopitar and Adrian Kemp added Los Angeles' other goals, and Drew Doughty logged two assists. Jordan Binnington had 45 saves and Pavel Buchnevich added two assists for the Blues, who have won three straight.

☆ Check out the 15-page pitch deck that Legion M, a Hollywood production startup, is using to recruit movie fans as investors for as little as $40
▼ + stars: | 2022-11-15 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

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