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Top related persons:
Arvind Krishna - 3 Watson - 3 Krishna - 3 James Kavanaugh - 2 Jonathan Adashek - 1 hasn't - 1 didn't - 1 CNBC's - 1
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POLAND New York New Helmsley guardrails China Davos Switzerland
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IBM - 4 CNBC - 3 Health - 3 Francisco Partners - 2 Artifical Intelligence - 1 Unity - 1 Microsoft - 1 Google - 1

Search resuls for: "Watson Health"


10 mentions found


☆ 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
☆ 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 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
☆ How big companies are contending with a frenzy of demand for Ozempic from their workers
  + stars: | 2023-05-10 | by ( ) www.businessinsider.com   time to read: +5 min
Demand for expensive weight-loss drugs such as Ozempic and Wegovy is soaring. Companies that foot the bill for their workers' health coverage are mulling whether to pay for them. Across the US, companies are facing a critical decision: whether to foot the bill for the expensive weight-loss drugs that have exploded in popularity in recent months. Andrews estimated that more than half the companies in the alliance covered weight-loss drugs. Andrews' comments offer a window into how big US companies are grappling with the rising demand for and high costs of weight-loss treatment.
☆ 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.
☆ IBM cuts 3,900 jobs, misses annual cash target
  + stars: | 2023-01-26 | by ( Chavi Mehta | ) www.reuters.com   time to read: +2 min
Jan 25 (Reuters) - IBM Corp (IBM.N) on Wednesday announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, dampening cheer around beating revenue expectations in the fourth quarter. Analysts said news of the job cuts and free cash flow miss was behind the drop. read moreIBM's 2022 cash flow was $9.3 billion, below its target of $10 billion, due to higher-than-expected working capital needs. In October, IBM flagged softness in new bookings in Western Europe while peer Accenture Plc noted weakness in its consulting business. For 2022, IBM recorded revenue growth of 5.5%, its highest in a decade.
☆ IBM cuts 3,900 jobs after muted consulting demand hits quarterly revenue
  + stars: | 2023-01-25 | by ( Chavi Mehta | ) www.reuters.com   time to read: +2 min
Jan 25 (Reuters) - IBM Corp (IBM.N) on Wednesday said it would lay off 3,900 people as part of some asset divestments and posted flat fourth-quarter revenue due to lackluster demand for its consulting services. The resulting layoffs will cause a $300 million charge in the January-March period, IBM said. IBM in October flagged softness in new bookings in Western Europe while peer Accenture Plc also noted weakness in its consulting business. Still, Kavanaugh said that the company is seeing its consulting business grow in terms of cloud spending. Total revenue was $16.69 billion in the period, compared with analysts' estimates of $16.40 billion, according to Refinitiv.
☆ IBM tops revenue estimates, says it will cut 3,900 jobs
  + stars: | 2023-01-25 | by ( Jordan Novet | ) www.cnbc.com   time to read: +3 min
IBM reported quarterly revenue on Wednesday that topped analysts' estimates, driven by higher-than-expected growth in the company's software and infrastructure segments. Here's how the company did:Earnings: $3.60 per share, adjusted, vs. $3.60 per share as expected by analysts, according to Refinitiv. $3.60 per share, adjusted, vs. $3.60 per share as expected by analysts, according to Refinitiv. Revenue: $16.69 billion, vs. $16.4 billion as expected by analysts, according to Refinitiv. With respect to guidance, IBM called for 2023 revenue growth in constant currency and around $10.5 billion in free cash flow.
☆ CIOs Contend With Pushback on AI Rollouts
  + stars: | 2023-01-06 | by ( Isabelle Bousquette | ) www.wsj.com   time to read: +6 min
Overall enterprise adoption of AI has grown threefold since 2019 as algorithms grow in scale and sophistication, according to International Data Corp. That left executives underwhelmed by the results and disillusioned, according to Todd Lohr, KPMG LLP’s U.S. technology consulting leader. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. In 2022, organizations spent on average 4% to 6% more on AI than the previous year, according to IDC. Other emerging technologies are more likely to be cut than AI, given its cost-savings potential, she noted.
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