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☆ IBM suspends advertising on X after report says ads ran next to antisemitic content
▼ + stars: | 2023-11-16 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +4 min

IBM has paused advertising on X after a report found that the tech company's ads were placed next to antisemitic content on the platform formerly known as Twitter. Researchers and advocacy groups have documented a rise of controversial content on X, though the company has disputed those claims. An X spokesperson told CNBC in an email that the accounts that Media Matters said were posting the hateful content would no longer be monetizable. IBM's decision to halt advertising on X also comes after Musk on Wednesday boosted and drew attention to an antisemitic X post and issued statements that drew backlash from critics. "When it comes to this platform — X has also been extremely clear about our efforts to combat antisemitism and discrimination," Yaccarino wrote.

Persons: Hitler, Linda Yaccarino, Elon Musk, Oracle didn't, Musk, Jonathan Greenblatt, Yaccarino, Jordan Novet Organizations: IBM, CNBC, Media, America, Apple, Bravo, Oracle, Nazi Party, Elon, Comcast, Defamation League, Disney, Google Locations: Israel, America

☆ Where are they now: The many fascinating Bridgewater employees from the book on Ray Dalio 'The Fund'
▼ + stars: | 2023-11-16 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +17 min

The new book, "The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend" — which Dalio and his lawyers have pushed back against — describes everything from Bridgewater's investment process to internal grudges and backstabbing to allegations of sexual harassment. Here are the places where the dozens of Bridgewater employees and consultants named in the book ended up. Dalio, the book said, wrote into the firm's bylaws that he could never hold that title again. Before that, she was the head of investment research and a co-chief investment officer for sustainability. He's worked at different funds since leaving in 2006, including Larch Lane Advisors and Bonaccord Capital as an investor and business-development professional.

Persons: Rob Copeland's, Ray Dalio, Dalio, —, Bridgewater, Greg Jensen, YouTube Dalio, nixed, Copeland, He's, Jensen, Eileen Murray, Morgan Stanley, David McCormick, Dina Powell, McCormick, Dave McCormick, Michael M, Nir Bar Dea, Stefanova, Dalio's, Paul McDowell, Bob Eichinger, McDowell, Eichinger, Jen Healy, Osman Nalbantoglu, Matthew Granade, Steve Cohen, Steve Cohen's Point72, Bob Prince, politicking, Karen Karniol, Bridgewater Associates Karen Karniol, Vladimir Putin, Bob Elliott, Elliott, James Comey, Winn McNamee, Barack Obama, Donald Trump, Hillary, Britt Harris, Bridgewater's, Julian Mack, L, Michael Partington, Spencer Stuart, Niko Canner, Jon Rubinstein, Beck Diefenbach Jon Rubinstein, Steve Jobs, Tom Adams, Rosetta Stone, J, Michael Cline, Cline, Kevin Campbell, Campbell, Craig Mundie, Bill Gates, Gates, Mundie, Bill Clinton, George W, Bush, David Ferrucci, IBM's Watson, Ferrucci, Keith Alexander, Alexander, Larry Culp, Culp, Jamie Gorelick, conscientiously, Clinton, Jared Kushner, Jesse Horwitz, Comey, Horwitz, Samantha Holland, Perry Poulos, Murray, Joe Sweet, Tara Arnold, Arnold —, Leah Guggenheimer, She's, Charles Korchinski, Harris, Kent Kuran Organizations: New York Times, Bridgewater Associates, Business, Bridgewater, YouTube, HSBC, Broadridge, Life Insurance, Wells, Treasury Department, Republican, Getty, GOP, Israel Defense Forces, Marto, Princeton University, McKinsey, Point72, Bridgewater didn't, Domino Data, CircleUp, FBI, Trump, of, University of Texas Investment Management Co, Apple, Dalio, Health, Cognition, Mundie, National Security Agency, Amazon, General Electric, Boston Globe, Electric, Trump White House, Harvard Law School, —, Hubble, Stefanova's Marto, HBR Consulting, MIO Partners, Burford, Larch Lane Advisors, Bonaccord, Eaton Partners, Stanford, NextEra Energy Resources Locations: Bridgewater, Connecticut, Pennsylvania, China, San Francisco, of Texas, Atlanta, WilmerHale, Asia, India, Shanghai, Singapore, Israel, Africa

☆ The AI craze is overblown - and the S&P 500 will suffer if the 'Magnificent 7' stocks falter, veteran investor warns
▼ + stars: | 2023-11-03 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The AI-fueled boom in the "Magnificent 7" tech stocks has propped up the stock market this year. AdvertisementAdvertisementSmead emphasized the Magnificent Seven are "the only thing keeping the rally in the S&P 500 index alive this year." He included a chart showing the 10 largest S&P 500 stocks by market cap have accounted for an unprecedented 96% of the index's performance for 2023. "AI looks like tech stock and S&P 500 index life support to us," Smead said. "What happens if the seven stocks that have propped up the passive S&P 500 Index go through what every stock of popularity has done historically?

Persons: Bill Smead, —, Smead, Watson Organizations: Service, Smead Capital Management, Big Tech, Microsoft, Nvidia, Department, Federal

☆ Stocks making the biggest moves midday: Merck, Bristol-Myers Squibb, Align Technology and more
▼ + stars: | 2023-10-26 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

UPS — The shipping company saw shares decline 5.9% after releasing its third-quarter earnings report, which showed disappointing revenue. Full-year revenue guidance was also slightly below expectations. Whirlpool — The home appliance company dropped 15.8% on Thursday after Whirlpool issued full year earnings guidance of about $16 per share. Bristol-Myers Squibb — Shares of the drug maker fell 6.2% after the company reported a decline in sales of its popular blood cancer drug, Revlimid, citing generic competition. ServiceNow — The workflow software company jumped 1.6% after posting third-quarter earnings and revenue that beat analyst expectations.

Persons: LSEG, Merck —, Merck, Steven Vondran, Thomas Bartlett, ServiceNow, —, Alex Harring, Yun Li, Lisa Kailai Han, Tanaya, Hakyung Kim Organizations: Bunge —, Comcast, UPS, Hasbro, Whirlpool, Bristol, Myers, Merck, Technology, American Tower Corporation, Flex, IBM —, Wall, CNBC Locations: NBCUniversal, American

☆ Stock Market News Today: Dow Opens Higher, Meta Stock Price Falls; Amazon Earnings in Focus
▼ + stars: | 2023-10-26 | by ( ) www.wsj.com time to read: +1 min

The Nasdaq Composite fell around 1% on Thursday, after dropping the day before. Alphabet was the culprit Wednesday: It got slammed after its own earnings, which helped drag the tech-heavy Nasdaq into a correction. The S&P 500 and Dow industrials fell alongside the Nasdaq. Treasury yields wavered. The yield on the benchmark 10-year note oscillated between gains and losses after nearing Monday’s 5% level earlier in the session.

Persons: Sam Bankman, Dow industrials, Dow Organizations: Nasdaq, Facebook, Treasury, United Parcel Service, Spirit Airlines, Comcast

☆ Stock Market News Today: Dow, Nasdaq Drop; Amazon Earnings in Focus
▼ + stars: | 2023-10-26 | by ( ) www.wsj.com time to read: +1 min

The Nasdaq Composite closed down 1.8% on Thursday, after dropping the day before. Alphabet was the culprit Wednesday: It got slammed after its own earnings, which helped drag the tech-heavy Nasdaq into a correction. The 10-year yield dipped. The yield on the benchmark 10-year note settled at 4.843%, pulling back after nearing Monday’s 5% level earlier in the session. Coming up:Intel and Ford Motor are also on the earnings docket for after markets close.

Persons: Sam Bankman, Dow industrials Organizations: Nasdaq, Facebook, United Parcel Service, Spirit Airlines, Comcast, Intel, Ford

HSBC upgraded shares of this tech giant on the back of strong quarterly results. Meanwhile, analysts reacted to Meta Platforms' and IBM's latest quarterly results. Oppenheimer and D.A. Davidson also upgraded a software name.

Persons: Oppenheimer, D.A, Davidson Organizations: HSBC

☆ Stocks making the biggest moves after hours: Meta, Whirlpool, Mattel, Endeavor and more
▼ + stars: | 2023-10-25 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Meta posted revenue of $34.15 billion and earnings of $4.39 per share. Analysts polled by LSEG called for $33.56 billion in revenue and $3.63 in earnings per share. Align posted $2.14 in adjusted earnings per share and revenue of $960 million, missing estimates from analysts polled by LSEG. Mattel posted $1.08 per share in adjusted earnings, while analysts polled by LSEG called for 86 cents in earnings per share. Whirlpool — The home appliance company dropped 5% after Whirlpool trimmed its earnings guidance for the full year.

Persons: ServiceNow, LSEG, Joe Hogan, Mattel, Ari Emanuel, —, Darla Mercado, Mike Calia Organizations: LSEG, IBM, Revenue, Facebook, Meta, Mattel, Whirlpool, Endeavor Group Holdings, Endeavor, Holdings, WWE, UFC Locations: LSEG

REUTERS/Brian Snyder/File photo Acquire Licensing RightsOct 25 (Reuters) - IT software and consultancy services provider IBM (IBM.N) reported third-quarter revenue slightly above Wall Street targets on Wednesday, buoyed by stable demand for its software solutions and a stronger-than-expected mainframe business. Shares of the Armonk, New York-based company rose 2% in trading after the bell. While the company has seen a slowdown in the growth of its overall business compared to last year, it reiterated its annual target for revenue growth and free-cash-flow generation. Revenue at its software segment, which now includes newly acquired IT budgeting software maker Apptio, rose nearly 8%, excluding the impact from a strong dollar. IBM's revenue in the third quarter rose about 5% to $14.8 billion, compared to an estimate of $14.73 billion, according to LSEG data.

Persons: Brian Snyder, Ernst &, James Kavanaugh, Chavi Mehta, Pooja Desai Organizations: REUTERS, IBM, Ernst & Young, Reuters, Big, Revenue, Thomson Locations: Cambridge , Massachusetts, U.S, , New York, United States, Bengaluru

☆ IBM software sales up 8% as the company beats on top and bottom lines
▼ + stars: | 2023-10-25 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

IBM shares rose about 1% in extended trading Wednesday after the technology conglomerate announced third-quarter results that exceeded Wall Street estimates. The company's Software unit produced $6.27 billion in revenue. IBM's Consulting division generated $4.96 billion in revenue, up around 6% but lower than StreetAccount's consensus of $5.11 billion. "We still are executing extremely well from my point of view in consulting," Jim Kavanaugh, IBM's finance chief, told CNBC's Kristina Partsinevelos in an interview. During the quarter IBM released Granite generative artificial-intelligence models for composing and summarizing text.

Persons: Arvind Krishna, IBM's, Jim Kavanaugh, CNBC's Kristina Partsinevelos, Kavanaugh Organizations: IBM, Wall, LSEG, StreetAccount, IBM's Consulting, Accenture, Infrastructure, Vista Equity Partners Locations: New York

☆ This is how to futureproof your career in an AI world, says IBM's CEO
▼ + stars: | 2023-10-22 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

AdvertisementAdvertisementArvind Krishna, the CEO of IBM, has some thoughts for young professionals worried about what AI means for their working lives. Developing critical thinking skills is the key to future-proofing your career against AI, he said in an interview with London's Sunday Times. The 61-year-old, who's spent his entire career at IBM, doesn't think AI will have as much impact as some fear. He predicts that only 6% of the workforce is at risk of having their job replaced by AI. While the IBM CEO is not worried about the threat to jobs, Krishna told the Sunday Times that other fears surrounding AI are more well-founded.

Persons: Arvind Krishna doesn't, Krishna, —, Arvind Krishna, who's, MUGoI4mU8K, — Arvind Krishna, There's, Goldman Sachs Organizations: Service, IBM, London's Sunday Times, Bloomberg, Goldman, Sunday Times, Safety, Bletchley Locations: @IBM, London

☆ Earnings playbook: How to trade a busy week of reports from companies including Microsoft and Meta
▼ + stars: | 2023-10-22 | by ( Fred Imbert | ) www.cnbc.com time to read: +12 min

Tuesday General Motors is set to report earnings before the bell, followed by a call at 8:30 a.m. Coca-Cola is set to report earnings in the premarket, with a call slated for 8:30 .am. Wednesday Boeing is set to report earnings in the premarket, with leadership scheduled to hold a call at 10:30 a.m. Ford Motor is set to report earnings after the bell, followed by a conference call at 5 p.m. This quarter: The e-commerce giant is expected to report earnings per share growth of more than 100%, according to LSEG.

Persons: Michael Wayland, they'll, Andrea Teixeira, MSFT, Jordan Novet, GOOGL, Justin Post, MRK, Goldman Sachs, Chris Shibutani, Keytruda, Ford, AMZN, Doug Anmuth, — CNBC's Michael Bloom Organizations: Big Tech, Microsoft, Meta, Wall, CNBC, GM, LSEG, United Auto Workers, Investment Group, Coca, U.S, Activision, Wednesday Boeing, Boeing, Management, Bank of America, IBM, Merck, Ford, UAW, Detroit, JPMorgan Locations: Missouri, EVs, China, Apptio

☆ Beware of these expensive stocks that analysts don't like
▼ + stars: | 2023-10-17 | by ( Brian Evans | ) www.cnbc.com time to read: +8 min

For context, the longer-term P/E ratio for the past 12 months of the S & P 500 is about 21 times trailing earnings. That compares to a five-year average P/E ratio of 19.87. The life insurer's 12-month trailing P/E ratio came in at 31.99, compared to its five-year average P/E ratio of 13.62. For context, the longer-term P/E ratio for the past 12 months of the S&P 500 is about 21 times trailing earnings. The life insurer's 12-month trailing P/E ratio came in at 31.99, compared to its five-year average P/E ratio of 13.62.

Persons: JPMorgan's Marko Kolanovic, David Vogt, Tyson Foods, Jefferies, Henry Schein, Michael Bloom, Darla Mercado, Angela Weiss, HSIC Henry Schein, MOH Organizations: Treasury, Federal Reserve, CNBC Pro, IBM, UBS, Premier U.S, Tyson, Prudential Financial, Jefferies, Prudential, CNBC, Hewlett Packard Enterprise, Molina Healthcare, Pinnacle West, Traders, New York Stock Exchange, AFP, Getty, Business Machines Corp, Healthcare, Progressive Corp, Pinnacle West Capital Corp, TSN Tyson Foods, Business Machines Corp IBM, Target Premier U.S, Tyson Foods Inc TSN, Prudential Financial Inc

☆ We still have enormous fiscal stimulus in the system, says IBM's Gary Cohn
▼ + stars: | 2023-10-12 | 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 EmailWe still have enormous fiscal stimulus in the system, says IBM's Gary CohnGary Cohn, IBM vice chairman and former NEC director, joins 'Squawk on the Street' to discuss how Cohn reads Thursday's inflation data, whether the economy's reached a new normal for inflation, and more

Persons: Gary Cohn Gary Cohn, Cohn Organizations: IBM, NEC

☆ Sam Bankman-Fried isn't the only one on trial. The entire crypto industry is.
▼ + stars: | 2023-10-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

But first, we're looking at why FTX cofounder and ex-CEO Sam Bankman-Fried's criminal trial has implications that could upend the entire crypto industry. Bankman-Fried, the cofounder and ex-CEO of crypto exchange FTX, was deeply enmeshed in the crypto ecosystem. The proceedings will likely provide more fascinating details about the inner workings of FTX and the broader crypto industry, potentially airing out its dirty laundry and shortcomings. Chelsea Jia FengThe crypto industry, meanwhile, is ready to move on. Some in the crypto industry are embracing a more grown-up approach.

Persons: —, Sam Bankman, Donald Trump's, JANE ROSENBERG, Tom Brady, Kevin O'Leary, Michael Lewis, Katie Balevic, Jacob Shamsian, Grace Kay, Mark Cohen, Caroline Ellison, Chelsea Jia Feng, they'll, Spencer Platt, what's, Michael M, Arvind Krishna, Rahul Pandey's, Seth Wenig, AP Trump, scowled, Donald Trump, Tyler Le, Dianne Feinstein's, Kamala Harris, Sen, Chuck Schumer, Marc Anthony, Sofia Reyes, Pluma, Bad, Wells, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan, Annie Smith, Shona Ghosh, Jack Sommers, Spriha Srivastava Organizations: Service, Tech, Chelsea, Financial, Fidelity, PayPal, Visa, Getty, Treasury, Wall, Nvidia, IBM's, Meta, AP, IRS, trailblazing, Grupo Frontera, NBA, Dallas Mavericks, Minnesota Timberwolves, Etihad Arena, The Dallas Mavericks, Etihad, Corporation National Media Locations: crypto's, Plenty, trailblazing California, Abu Dhabi, New York City, San Diego, London, New York

☆ The CEO of IBM says he doesn't intend to 'get rid of' a single programmer because of AI
▼ + stars: | 2023-10-04 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

IBM CEO Arvind Krishna says he doesn't intend to "get rid of a single one" of his programmers because of AI. He also added that though AI could automate a "repetitive, white-collar job," it was a job creator. AdvertisementAdvertisementAmid growing fears of AI-induced job cuts, IBM's CEO Arvind Krishna says he doesn't intend to lose any programmers because of the technology. Studies have also pointed to AI boosting workers' productivity but with a greater impact on less skilled workers. AdvertisementAdvertisementAn April study that equipped customer service representatives with AI tools found that the lowest-skilled workers saw a productivity boost of 35% — while higher-skilled workers saw "closer to 0%."

Persons: Arvind Krishna, Krishna, —, Goldman Sachs, Satya Nadella — Organizations: Service, Fortune's, Bloomberg, McKinsey, IBM

☆ What Warren Buffett learned from his past investment mistakes, including IBM and airlines
▼ + stars: | 2023-10-01 | by ( Yun Li | ) www.cnbc.com time to read: +5 min

In the years after Buffett sold IBM, he dramatically raised Berkshire's stake in Apple, becoming the largest shareholder outside of index and exchange-traded fund providers. As of the end of June, Berkshire's Apple stake was worth more than $177 billion, accounting for nearly half of Berkshire's entire equity portfolio. Buffett also admitted it was a mistake not being an early investor in Amazon , saying he underestimated the brilliance of founder Jeff Bezos. Some said that Buffett sold them too early and missed the subsequent rebound when the economy reopened. "It could've been worse, but it was a mistake," Buffett said during 1995 annual meeting .

Persons: Warren Buffett, he's, Buffett, Berkshire's, That's, Ben Graham, Jeff Bezos, Charlie Munger, we'll, I'd, Long, we'd, Richard Branson Organizations: Oracle, HP, Apple, Business Machines, IBM, Berkshire's Apple, Taiwan Semiconductor, Big Tech, Google, — United, Delta Air Lines, US Air, Virgin Atlantic Airways Locations: Omaha, Berkshire, Taiwan, U.S, American, Southwest

☆ How GlobalFoundries aims to remain world’s third-biggest semiconductor foundry
▼ + stars: | 2023-10-01 | by ( Katie Tarasov | ) www.cnbc.com time to read: +10 min

Based in upstate New York, GlobalFoundries isn't a household name because it's manufacturing semiconductors that are designed and sold by other companies. "Look at every electronic device in your house, and I would bet you money that every one of those devices has at least one GlobalFoundries chip in it," Thomas Caulfield, GlobalFoundries CEO, told CNBC. GlobalFoundries chips are inside everything from smartphones and cars to smart speakers and Bluetooth-enabled dishwashers. Although GlobalFoundries' chips are considered legacy nodes, the process and resources needed are still incredibly complex. GlobalFoundries' Fab 8 in Malta, New York, where Equipment Engineering Manager Chris Belfi led CNBC's Katie Tarasov on a tour on September 5, 2023.

Persons: GlobalFoundries, it's, Thomas Caulfield, They're, GlobalFoundries isn't, Caulfield, Abu, Moorhead, Jerry Sanders, Katie Tarasov, Carlos Waters, Daniel Newman, couldn't, TSMC, China's, STMicroelectronics, Hui Peng Koh, that's, Chris Belfi Organizations: HK GM LMT, GlobalFoundries, CNBC, Bluetooth, Nvidia, Taiwan Semiconductor Manufacturing Company, Devices, AMD, Chartered Semiconductor, Nasdaq, Futurum, U.S, Semiconductor Manufacturing International, Samsung, fabs, United Microelectronics, we've, Upstate Locations: New York, China, U.S, Singapore, Germany, France, Malta , New York, Dresden, Malta, Vermont, South Korea, Taiwan, TSMC, Crolles, Chengdu, Upstate New York, Europe, Koh, Arizona, Asia

☆ 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

☆ The CEO of a hedge fund that averaged a 66% return for 3 decades spoke about investing, hiring, and sleeping 2,000 nights in his office. Here are the 11 best quotes.
▼ + stars: | 2023-09-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Brown had the idea for IBM's "Deep Blue," and has spent over 2,000 nights sleeping in his office. RenTech was founded by Jim Simons, a former MIT math professor and Cold War codebreaker. Peter Brown is the CEO of Renaissance Technologies, a quant fund founded by former Cold War codebreaker and MIT math professor Jim Simons. And the job is so demanding, I really don't see how I could do it otherwise." We don't know any economics.

Persons: Peter Brown, Brown, RenTech, Jim Simons, Goldman, he's, he'd, Peter, we're, we've Organizations: Renaissance, MIT, Service, Goldman Sachs Exchanges, Renaissance Technologies Locations: Wall, Silicon, York

☆ IBM is 'off to the races' after gaining a new bull on Wall Street, Jim Cramer says
▼ + stars: | 2023-09-20 | by ( Morgan Chittum | ) www.cnbc.com time to read: 1 min

International Business Machines (IBM) rose nearly 3% on Wednesday after RBC Capital Markets initiated coverage on company shares with an outperform (buy) rating. Analysts set a price target of $188 apiece, roughly 28% upside from IBM's closing price Tuesday. If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free. The Wall Street firm touted IBM for its artificial intelligence potential, along with growth opportunities after it separated its managed infrastructure services business into Kyndryl — all narratives CNBC's Jim Cramer agrees with. "IBM is very inexpensive so you can bet that it's off to the races," the 'Mad Money' host said.

Persons: Jim Cramer's, Jim Cramer Organizations: Business Machines, IBM, RBC Capital Markets, Street

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Disney, Walmart, Lowe's, Alphabet and more
▼ + stars: | 2023-09-05 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

TD Cowen upgrades Domino's to outperform from market perform TD said in its upgrade of the stock that it sees upside to same-store sales. Bernstein reiterates Apple as market perform Bernstein said similarities exist between IBM 10 years ago and Apple today. Morgan Stanley reiterates Walmart as overweight Morgan Stanley sees an attractive risk/reward for Walmart shares. RBC upgrades American Express to outperform from sector perform RBC said the credit card company is "best positioned" to outperform. Jefferies reiterates Alphabet as buy The firm is more bullish on Alphabet shares after the company's recent Google Cloud event.

Persons: TD Cowen, Woodward, Uber, Cantor Fitzgerald, Wells, Bernstein, Morgan Stanley, Goldman Sachs, Lamb Weston, Stryker, Baird, Wolfe, Stifel, Jefferies, GOOGL's, We've Organizations: DIS, Media, Apple, IBM, Walmart, Bank of America, of America, Citi, Technologies, UBS, RBC, Dine Brands, Susquehanna, Barclays, Oracle, Vail Resorts, MTN, Google, Nvidia Locations: U.S, North America

☆ 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

☆ The clash of sustainability and AI is creating a challenge for Dell, IBM and others
▼ + stars: | 2023-08-19 | by ( Rachel Curry | ) www.cnbc.com time to read: +7 min

"From our perspective, AI looks like a really big data problem," said Ben Golub, CEO of decentralized cloud storage company Storj. This startup is joined by legacy enterprises like Dell and IBM in tackling data storage efficiency for economic and environmental sustainability. For those that do go decentralized, Lewis says it's still important to maintain what he calls "centralized management of a decentralized architecture." IBM recently launched its Cloud Carbon Calculator, an AI-informed dashboard designed to give clients access to standards-based greenhouse gas emissions data and help manage their cloud carbon footprint. Which workloads are best suited for a decentralized data storage model?

Persons: Andriy Onufriyenko, Ben Golub, Arthur Lewis, Lewis, Golub, Dell, it's, Ermengarde Jabir, Jabir, Alan Peacock, Peacock Organizations: Dell, IBM, Dell Technologies, Infrastructure Solutions, IBM Cloud

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