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☆ Palo Alto Networks is buying security assets from IBM to expand customer base
▼ + stars: | 2024-05-15 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Nikesh Arora CEO & Chairman Palo Alto Networks, speaking on CNBC's Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Palo Alto Networks is buying cloud security software assets from IBM as part of a broader partnership that will give the cybersecurity company access to more consultants and a bigger customer base. Consolidation has been ramping up in the security software industry as companies gear up for a swarm of attacks spawned by artificial intelligence. Palo Alto will incorporate IBM's Watsonx large language models into Cortex Xsiam, in addition to its use of models from Google . The SIEM category has been around for over 20 years, but Palo Alto just introduced Cortex Xsiam two years ago.

Persons: Nikesh Arora, Thoma Bravo's LogRhythm, Palo, Arora, he'd, Arvind Krishna, It's Organizations: Alto Networks, Palo Alto Networks, IBM, Palo Alto, Cisco, Splunk, Exabeam, CNBC, Palo, Google Locations: Davos, Switzerland, Palo, SIEM, cybersecurity, Palo Alto

☆ These stocks are set to gain the most over the next month, according to an AI model
▼ + stars: | 2024-05-13 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

One of those programs is iFi Ai, an investment information firm powered by IBM's Watsonx. IFi AI takes in a wide range of market signals and data to make projections about where individual stocks will go next. One of the outputs from the iFi AI model is a 30-day projected price return. The iFi AI model sees a gain of 23%. The iFi AI model is not the only entity bullish on Schwab.

Persons: Ai, IBM's Watsonx, Ron Insana, Warren Buffett's Berkshire Hathaway, iFi, Piper Sandler, Matthew Clark, Charles Schwab, Schwab Organizations: CNBC, Paramount Global, Paramount, Sony, Skydance Media, Western Alliance

☆ Generative AI is allowing golf fans to get closer to the Masters Tournament than ever before. Here's how.
▼ + stars: | 2024-04-10 | by ( Sponsor Post | ) www.businessinsider.com time to read: +4 min

That's because Augusta National, undeniably beautiful and impeccably maintained, is deceivingly difficult, with subtle defenses not always obvious to the casual observer. To get fans closer to the Masters than ever before, IBM worked with the Masters digital team to infuse generative AI into the 2024 Masters app. First, these models need to be fueled by an organization's trusted data. In tech industry circles, there's a tendency to count parameters or tokens to quantify the power of an AI model. We can manage the lifecycle of their AI models, from curating their trusted data, to training open-source foundation models, and managing and monitoring the results.

Persons: Noah Syken, impeccably, we've Organizations: Sports, Entertainment Partnerships, IBM, Augusta, Augusta National, National, Masters, Augusta National Golf Club, Insider Studios

☆ IBM's marketing chief explains how the company is harnessing AI to boost productivity
▼ + stars: | 2024-04-09 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

IBM aims to be "client zero" of the AI products it sells to clients, marketing chief Jonathan Adashek said. He said AI has augmented the work IBM staffers do and even made its ads more effective. In April 2020, our CEO Arvind Krishna said IBM is going to be the leading hybrid cloud and AI company. That means acquisitions, that means divestitures, that means prioritizing some areas of work over others. Dropping 'hybrid work' from the return-to-office vernacularI think a lot of what drives productivity in the wrong direction is when you get people not focused on the must-haves and spending more time on the nice-to-dos.

Persons: Jonathan Adashek, —, Arvind Krishna, we've, Intentionality Organizations: IBM, Service, Adobe, Masters, Java

☆ Ron Insana's new firm aims to bring AI-powered trade ideas to individual investors
▼ + stars: | 2024-03-27 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The firm, called iFi AI, launches Wednesday. The company will use AI models to help generate projected returns for stocks over various time periods, according to Ron Insana, iFi AI CEO and CNBC senior analyst and commentator. IBM's watsonx powers the AI programs behind the new venture, incorporating fundamental news, technical analysis and other factors to make projections about where stocks are headed. The AI programs are already being used to help make decisions with $6 billion that is managed institutionally, Insana said. "The difference between quantitative analysis and AI-driven analysis is that AI learns and continues to learn and teach itself," Insana said.

Persons: Ron Insana, Insana, Morgan Stanley Organizations: New York Stock Exchange, CNBC, Wall Street

☆ IBM is slashing jobs in marketing and communications
▼ + stars: | 2024-03-12 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

POLAND - 2023/09/11: In this photo illustration, IBM logo seen displayed on a smartphone with Artifical Intelligence (AI) symbols in the background. IBM on Tuesday told employees in its marketing and communications division that it's slashing the size of its staff, according to a person with knowledge of the matter. IBM said on its earnings call in January of last year that it was cutting 3,900 positions. In May, IBM announced WatsonX, billed as a development studio for companies to "train, tune and deploy" machine-learning models. Nearly two years ago, IBM sold its Watson Health unit for an undisclosed amount to private equity firm Francisco Partners.

Persons: Jonathan Adashek, hasn't, didn't, Arvind Krishna, James Kavanaugh, Watson, Krishna Organizations: IBM, Artifical Intelligence, CNBC, Unity, Microsoft, Google, Health, Francisco Partners Locations: POLAND

☆ Why trust is critical to business applications of generative AI
▼ + stars: | 2023-09-22 | by ( Sponsor Post | Created Ibm With Insider Studios | ) www.businessinsider.com time to read: +5 min

The criticality of trust is even clearer today as generative AI is changing the landscape of what's possible with AI. For example, generative AI models can produce highly believable, well-structured responses so it can be hard to identify an incorrect response without the right subject matter expertise. Generative AI does not have test-retest reliability, meaning you can ask the same question many times to an LLM and get different answers each time. Many business leaders are feeling pressure from investors, clients, employees, and others to accelerate their adoption of AI, including generative AI, but they're weighing the urgency to act against the potential risks. AI governance is how you define policies and establish accountability throughout the AI lifecycle.

Persons: That's Organizations: IBM Institute for Business, IBM, Trust, Transparency, IBM Consulting

☆ IBM selling The Weather Channel and the rest of its weather business
▼ + stars: | 2023-08-22 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

IBM said Tuesday it's selling its weather unit, including The Weather Channel mobile app and websites, Weather.com, Weather Underground and Storm Radar. IBM will sell The Weather Company and its assets to Francisco Partners, a tech-focused private equity firm, for an undisclosed sum. As part of the deal, IBM will retain access to the company's weather data, which it uses to power some of the artificial intelligence models it sells to enterprise clients. One of those bets is Watsonx, the enterprise AI development tool IBM announced in May that's slated to debut in the third quarter. The platform includes a feature for AI-generated code, an AI governance toolkit, and a library of thousands of large-scale AI models, trained on language, geospatial data, IT events and The Weather Company's weather data, which IBM will continue to use.

Persons: that's Organizations: IBM, The Weather Channel, Storm Radar, Weather Company, Francisco Partners

☆ 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 CEO says AI will impact white-collar jobs first, but could help workers instead of displacing them
▼ + stars: | 2023-08-22 | by ( Sheila Chiang | ) www.cnbc.com time to read: +3 min

watch nowWhite-collar jobs will be among the first to be impacted by artificial intelligence, IBM chairman and CEO Arvind Krishna told CNBC in an exclusive interview aired on Tuesday. Arvind Krishna IBM chairman and CEOIn May, IBM announced WatsonX, an AI building tool that allows clients to build, train and deploy machine learning models. So that is where the 7,800 [number] came from," Krishna told CNBC's Martin Soong. AI potentialKrishna joined IBM in 1990, took over as CEO in April 2020 and has been chairman since January 2021. Arvind Krishna IBM chairman and CEO

Persons: Arvind Krishna, CNBC's, That's, Krishna, ChatGPT, Watson, It's, CNBC's Martin Soong, Lawrence Wong Organizations: IBM, CNBC, Lenovo, Watson Health, Bloomberg

☆ The scientist behind IBM Watson has raised $60 million for his AI startup in New York
▼ + stars: | 2023-08-17 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

David Ferrucci, a prominent artificial intelligence researcher who led the team that created IBM Watson , has raised nearly $60 million for his AI startup called Elemental Cognition, according to a regulatory filing. The filing on Thursday says the company sold $59.95 million worth of equity to 17 investors and plans to raise another $5.75 million. Ferrucci led IBM Watson between 2006 and the end of 2012, during which time the computer system famously won "Jeopardy!" He then ran AI research for Bridgewater Associates, one of the world's largest hedge funds. In January of last year, the company sold its Watson Health unit for an undisclosed amount to private equity firm Francisco Partners.

Persons: David Ferrucci, Watson, Cora, Ferrucci, IBM Watson, David Shepler, Eric Brown, Mike Barborak, Jim Breyer, Sam Palmisano, Greg Jensen, Bridgewater's, Geoff Yang, OpenAI's Organizations: IBM, Bridgewater Associates, Rensselaer Polytechnic Institute, Bridgewater, Breyer Capital, Facebook, Redpoint Ventures, CNBC, Investors, Health, Francisco Partners Locations: New York, New, Helmsley, guardrails, China

☆ IBM to launch Meta's Llama 2 on watsonx AI platform for businesses
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +1 min

The International Business Machines Corporation (IBM) logo is displayed, during the GSMA's 2023 Mobile World Congress (MWC) in Barcelona, Spain March 1, 2023. REUTERS/Nacho DoceAug 9 (Reuters) - International Business Machines (IBM.N) said on Wednesday it would host Meta Platforms' (META.O) artificial intelligence language program on its own enterprise AI platform, watsonx. IBM's watsonx, which helps businesses integrate AI into their workflow, provides early access to the Facebook-parent's Llama 2 to some clients. The enterprise software provider said that the release of Meta's open source AI model will be followed by additional software such as AI tuning studios, fact sheets and other generative AI models. Llama 2 is a commercial version of Meta's open source AI language model launched in July, distributed by Microsoft's (MSFT.O) cloud Azure services to compete with OpenAI's ChatGPT and Google's (GOOGL.O) Bard in the nascent generative AI market.

Persons: Nacho Doce, IBM's, OpenAI's ChatGPT, Bard, Zaheer Kachwala, Maju Samuel Organizations: Business Machines Corporation, IBM, Congress, REUTERS, Business Machines, Facebook, Thomson Locations: Barcelona, Spain, Bengaluru

July 19 (Reuters) - Enterprise software provider IBM's (IBM.N) second-quarter revenue fell short of Wall Street expectations on Wednesday, bogged down by tepid spending from businesses. Revenue growth in the U.S. and Western Europe was "muted" as the company wrapped up the cycle for its mainframe computers it launched last year, Chief Financial Officer James Kavanaugh said in an interview. Total revenue for the quarter ended June 30 fell 0.4% to $15.48 billion compared with analysts' average estimate of $15.58 billion, according to Refinitiv data. Analysts expect watsonx to aid the software business, which grew 7.2% to $6.6 billion during the reported quarter, thanks to enterprise digitization projects. Net income rose to $1.58 billion, or $1.72 per share, compared with $1.39 billion, or $1.53 per share, a year earlier.

Persons: James Kavanaugh, Chavi Mehta, Vinay Dwivedi Organizations: Enterprise, Accenture, India's Tata Consultancy Services, North, IBM, Thomson Locations: North America, U.S, Western Europe, Bengaluru

☆ IBM reports earnings beat, but misses on revenue
▼ + stars: | 2023-07-19 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

IBM reported second-quarter earnings on Wednesday that topped analysts' estimates as the company expanded its gross margin. Revenue: $15.48 billion, versus $15.58 billion expected, according to Refinitiv. Net income for the quarter rose 13% to $1.6 billion from $1.4 billion, or $1.72 per share, a year earlier. IBM reiterated on Wednesday that it expects between 3% and 5% revenue growth through the end of the year in constant currency. The company's infrastructure division, which includes its mainframe sales, declined 14.6% to $3.6 billion in revenue.

Persons: Arvind Krishna, James Kavanaugh, Krishna Organizations: IBM, Economic, Revenue, Intel's, Hat Linux, Health, Systems Locations: Davos, Switzerland, Refinitiv

☆ IBM mulls using its own AI chip in new cloud service to lower costs
▼ + stars: | 2023-07-11 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

IBM is hoping to take advantage of the boom in generative AI technologies that can write human-like text more than a decade after Watson, its first major AI system, failed to gain market traction. One of the barriers the old Watson system faced was high costs, which IBM is hoping to address this time. Khare said using its own chips could lower cloud service costs because they are very power efficient. IBM has joined other tech giants such as Alphabet's (GOOGL.O) Google and Amazon.com (AMZN.O) in designing its own AI chips. Instead, IBM's chip aims to be cost-efficient at what AI industry insiders call inference, which is the process of putting an already trained AI system to use making real-world decisions.

Persons: Mukesh Khare, Watson, Khare, Stephen Nellis, Jamie Freed Organizations: FRANCISCO, Business Machines, IBM, Reuters, IBM Semiconductors, Artificial Intelligence, Samsung Electronics, Google, Nvidia, Thomson Locations: San Francisco, watsonx

OAKLAND, California, May 9 (Reuters) - International Business Machines Corp (IBM.N) on Tuesday launched watsonx, a new artificial intelligence and data platform to help companies integrate AI in their business. The new AI platform launch comes over a decade after IBM's software called Watson got attention for winning the game show Jeopardy. Fast forward a decade, chatbot ChatGPT's overnight success is making AI adoption at companies a focus, and IBM is looking to grab new business. This time, the lower cost of implementing the large language AI models means the chances of success are high, IBM CEO Arvind Krishna told Reuters ahead of the company's annual Think conference. IBM said companies can use the watsonx platform to train and deploy AI models, automatically generate code using natural language and use various large language models built for different purposes such as chemical creation or climate change modeling.

☆ IBM increasing A.I. investments with 'watsonx'
▼ + stars: | 2023-05-09 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIBM increasing A.I. investments with 'watsonx'Herb Greenberg, Empire Financial senior editor, joins 'Last Call' to discuss IBM's latest moves into A.I. and what it means for its competitors.

☆ IBM takes another shot at Watson as A.I. boom picks up steam
▼ + stars: | 2023-05-09 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

About 15 months ago, IBM sold its Watson Health unit for an undisclosed amount to private equity firm Francisco Partners. Now, Watson has given way to WatsonX, and IBM is trying to ride the latest boom in AI. The platform includes a feature for AI-generated code, an AI governance toolkit, and a library of thousands of large-scale AI models, trained on language, geospatial data, IT events and code, according to a release. IBM is partnering with HuggingFace, the buzzy AI startup and open source platform that reached a $2 billion valuation last year. "We allow an enterprise to use their own code to adapt the model to how they want to run their playbooks and their code," Krishna said.

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