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☆ US, Canada plan North American chip corridor, starting with IBM expansion
  + stars: | 2023-03-24 | by ( Stephen Nellis | ) www.reuters.com   time to read: +1 min
March 24 (Reuters) - The United States and Canada said on Friday they would work together to create a bilateral semiconductor manufacturing corridor, as International Business Machines (IBM.N) signaled its intent to expand in Canada. The Canadian government will spend C$250 million ($181.94 million) on its domestic semiconductor industry to boost research and development and manufacturing, the prime minister's office said in a statement. The countries did not disclose the amount of IBM's investment in Canada. IBM maintains semiconductor research and manufacturing operations in upstate New York. ($1 = 1.3741 Canadian dollars)Reporting by Stephen Nellis in San Francisco; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.
☆ Executive Bet on Partner’s Idea for U.S.-Style Hotels in France
  + stars: | 2023-03-12 | by ( Bob Tita | ) www.wsj.com   time to read: 1 min
Gérard Pélisson helped build one of the world’s largest hotel companies in Accor SA. Gérard Pélisson bet on an untested business idea for hotels in Europe and picked the right partner for it. Mr. Pélisson gave up a career as an executive at International Business Machines Corp. in the 1960s to start a hotel company with Paul Dubrule, who had taken notice of successful hotel chains like Holiday Inn while working in the U.S. Mr. Dubrule convinced Mr. Pélisson that similar hotels could work in France and elsewhere in Europe, too. Mr. Pélisson mostly focused on the financing for the project and Mr. Dubrule devised the marketing plans. They opened their first Novotel hotel in northern France four years later in 1967.
☆ Ginni Rometty Learned How to Use ‘Good Power’
  + stars: | 2023-02-28 | by ( Emily Bobrow | ) www.wsj.com   time to read: +1 min
Virginia “Ginni” Rometty emerged as a strong contender to run International Business Machines Corp. after she successfully led the company’s merger with PricewaterhouseCoopers LLP’s consulting arm in 2003. When months went by without hitting her profit targets, Ms. Rometty knew she needed to turn things around. What didn’t help, she says, was hearing from a superior that if she failed she was “no longer a welcome member of the family.”“Some of the biggest lessons I learned about power were about how not to lead,” Ms. Rometty, 65, said over video from her home in Naples, Fla. Since retiring as IBM’s chairman and CEO in 2020, after nearly a decade in the job and a lifetime at the company, she says she has been thinking a lot about how power is wielded and abused. “Given the many negative stories about leaders in politics and business, people now associate power with fear, with being uncomfortable,” she says.
☆ Rapidus picks northern Japan's Chitose as semiconductor plant location
  + stars: | 2023-02-28 | by ( ) www.reuters.com   time to read: +1 min
TOKYO, Feb 28 (Reuters) - Japan's state-backed Rapidus said on Tuesday it would build its semiconductor plant in Chitose, a manufacturing hub on the nation's northern island of Hokkaido. The factory and a Taiwan Semiconductor Manufacturing Co (2330.TW) plant under construction on the southern island of Kyushu are the key pillars of Japan's strategy to boost its capability to make more advanced chips and shield itself from supply chain snarls. Rapidus Chairman Tetsuro Higashi told Reuters this month that the company would need about 7 trillion yen ($51.4 billion) of mostly taxpayer money to begin mass producing advanced logic chips around 2027. Chitose, a city of about 100,000 people, already hosts a wide range of factories run by major manufacturers including silicon wafer maker SUMCO Corp (3436.T) and auto components maker Denso Corp (6902.T). ($1 = 136.1500 yen)Reporting by Kiyoshi Takenaka and Mayu Sakoda; Editing by Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.
☆ Generative AI Helping Boost Productivity of Some Software Developers
  + stars: | 2023-02-21 | by ( Belle Lin | ) www.wsj.com   time to read: +6 min
The technology, known as generative AI, has been pioneered by OpenAI, the lab behind the ChatGPT writing system and the Dall-E visual illustration generator. Copilot, as well as other tools from Amazon.com Inc., International Business Machines Corp. , and startups like Tabnine Inc. and Magic AI Inc., have quickly found a receptive audience among developers seeking a productivity boost. The AI model behind Copilot is trained on data from GitHub, which houses a popular open-source community where developers contribute and share code. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. And, with a tightening economy in mind, Hyland Software is holding back on spending for any new tools or technologies.
☆ As Deal Making Picks Up, Tech Chiefs Worry About Software Integration
  + stars: | 2023-01-27 | by ( Angus Loten | ) www.wsj.com   time to read: +6 min
That is a potentially costly process that can require overhauling existing enterprise tech stacks, or even hiring high-priced experts to manage new IT tools, analysts said. SHARE YOUR THOUGHTS How can tech executives smooth the integration of new digital tools when their vendors make acquisitions? Hewlett Packard Enterprise this month said it acquired Pachyderm and would integrate new software tools into its enterprise-tech platform. HPE this month said it acquired Pachyderm, a San Francisco-based software startup, and would integrate the new software tools into its enterprise-tech platform. “Our existing customer base will want to know they won’t be forced to replace an existing technology they already buy,” Mr. Hotard said.
☆ Corporate Layoffs Spread Beyond High-Growth Tech Giants
  + stars: | 2023-01-26 | by ( Chip Cutter | Theo Francis | ) www.wsj.com   time to read: 1 min
Dow Inc., International Business Machines Corp. and SAP SE announced plans to cut thousands of jobs to prepare for a darkening economic outlook, as the current wave of corporate layoffs spreads beyond high-growth technology companies. Together with layoffs announced by manufacturer 3M Co. this week, these companies are trimming more than 10,000 jobs, just a fraction of their total workforces. Still, the decisions mark a shift in sentiment inside executive suites, where many leaders have been holding on to workers after struggling to hire and retain them in recent years when the pandemic disrupted workplaces.
☆ IBM to Cut 3,900 Jobs Amid Broader Tech Slowdown
  + stars: | 2023-01-26 | by ( Denny Jacob | ) www.wsj.com   time to read: 1 min
IBM said its fourth-quarter revenue was $16.69 billion compared with $16.70 billion a year earlier. International Business Machines Corp. on Wednesday joined the wave of companies making layoffs, saying it would cut about 3,900 jobs. The cuts will stem from Kyndryl Holdings Inc., the IT services business that IBM spun off last year, and its healthcare divestiture, from which the company will incur about a $300 million charge, a spokesman confirmed.
☆ IBM Reports Flat Sales Amid Broader Tech Slowdown
  + stars: | 2023-01-26 | by ( Denny Jacob | ) www.wsj.com   time to read: 1 min
IBM said its fourth-quarter revenue was $16.69 billion compared with $16.70 billion a year earlier. International Business Machines Corp. on Wednesday posted flat sales after a strong U.S. dollar hurt its reported revenue by more than $1 billion. The information-technology company said exchange rates would improve in its favor in 2023. “We saw accelerating demand as we exited the year,” Chief Financial Officer Jim Kavanaugh said in an interview.
☆ Tech Chiefs Fear ‘Frankenstein’ Software Integrations
  + stars: | 2023-01-25 | by ( Angus Loten | ) www.wsj.com   time to read: +6 min
Microsoft Corp. this month said it plans to incorporate AI into all of its enterprise software, while boosting its multibillion-dollar investment in OpenAI, the startup behind chatbot ChatGPT. That is a potentially costly process that can require overhauling existing enterprise tech stacks, or even hiring high-priced experts to manage new IT tools, analysts said. Hewlett Packard Enterprise this month said it acquired Pachyderm and would integrate new software tools into its enterprise-tech platform. HPE this month said it acquired Pachyderm, a San Francisco-based software startup, and would integrate the new software tools into its enterprise-tech platform. “Our existing customer base will want to know they won’t be forced to replace an existing technology they already buy,” Mr. Hotard said.
☆ Stocks making the biggest moves after hours: Tesla, Chevron, ServiceNow, Levi Strauss, IBM and more
  + stars: | 2023-01-25 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Tesla — Shares rose 0.4% in volatile trading after the electric-vehicle maker reported earnings and revenue for the fourth quarter that beat analyst expectations. Chevron — Shares advanced 2.7% after the oil company announced a $75 billion stock repurchasing program. Levi Strauss — The denim company jumped 7% after its earnings and revenue for the fourth quarter came in above expectations. International Business Machines — IBM beat quarterly earnings and revenue forecasts, but the stock fell more than 2%. Analysts polled by Refinitiv expected earnings of 46 cents per share on revenue of $3.72 billion.
☆ IBM to cut 3,900 jobs - Bloomberg News
  + stars: | 2023-01-25 | by ( ) www.reuters.com   time to read: 1 min
Jan 25 (Reuters) - International Business Machines Corp (IBM.N) will cut 3,900 roles, or about 1.5% of its global workforce, its chief financial officer, James Kavanaugh, told Bloomberg News in an interview on Wednesday. Reporting by Yuvraj Malik in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.
☆ Global IT Spending Decreased in 2022
  + stars: | 2023-01-18 | by ( Angus Loten | ) www.wsj.com   time to read: +4 min
Companies worldwide made deep cuts in enterprise technology spending last year, with tighter information-technology budgets likely to stretch well into the year ahead. Global IT spending contracted 0.2% in 2022, dropping to $4.38 trillion—a rare instance of corporations spending less on digital business tools than in the previous year, according to IT consulting and research firm Gartner Inc.Gartner had initially estimated that IT spending had increased 0.8% last year. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. Spending on business software and IT services is expected to remain steady year-over-year, together accounting for more than $2.16 trillion in projected spending in 2023, Gartner said. Within IT services, spending on consulting services alone is projected to reach $264 billion, up 6.7% from 2022, Gartner said.
☆ Cloudflare Takes Aim at a Top Security Threat: Your Inbox
  + stars: | 2023-01-12 | by ( Belle Lin | ) www.wsj.com   time to read: +5 min
Cloud-infrastructure company Cloudflare Inc. announced Wednesday new email security capabilities aimed at helping businesses defend against phishing, malware and other cyberattacks commonly targeting corporate email accounts. It provides web performance, cybersecurity and other services to millions of customers, of which more than 156,000 pay for its services. Matthew Prince, co-founder and CEO of Cloudflare Photo: Cloudflare Inc.Chief Executive Matthew Prince said the new security functions are also in response to an increase in ransomware and other sophisticated cyberattacks, some of which are perpetrated by relatively unsophisticated hackers. Prince said, referring to the growth of so-called “ransomware-as-a-service,” where ransomware operators provide malware programs to affiliates to launch attacks. Prince said Cloudflare, which was itself a customer of Area 1 before pursuing an acquisition, has more closely integrated its existing cybersecurity services with Area 1’s email security platform.
☆ How Kellogg Uses Standardized Benchmarks to Boost Cost Savings
  + stars: | 2023-01-06 | by ( Mark Maurer | ) www.wsj.com   time to read: +7 min
Kellogg Co. is working to reap additional cost savings by relying more heavily on standardized performance benchmarks, a move that could prove particularly useful as the economy slows. Kellogg began using the benchmarks in 2019. WSJ: What led Kellogg to start using standardized benchmarks in 2019? Anytime we have a process change or process improvement, the process happens all over again. WSJ: How have you boosted efficiencies from using benchmarks?
☆ Cyber Chiefs Face Scrutiny and Challenges in 2023’s Uncertain Economy
  + stars: | 2023-01-04 | by ( James Rundle | Catherine Stupp | ) www.wsj.com   time to read: +5 min
That leaves security teams, in real terms, working with fewer resources, Ms. Huth said. Inflation is pushing wage demands higher and the scarcity of cyber professionals—particularly within highly technical industries such as power—means security staff are in demand, Mr. Bojar said. Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors. Cyber staffs will need to vet third-party services while installing safeguards against new avenues hackers could exploit, Kohler’s Ms. Huth said. Retail giant Amazon.com Inc. hopes to grow its security team, said Chief Security Officer Stephen Schmidt, despite a company-wide hiring freeze and layoffs for up to 10,000 workers elsewhere in the company.
☆ Southwest Meltdown Shows Airlines Need Tighter Software Integration
  + stars: | 2023-01-02 | by ( Belle Lin | ) www.wsj.com   time to read: +6 min
Southwest’s software wasn’t designed to solve problems of that scale, Chief Operating Officer Andrew Watterson said Thursday, forcing the airline to revert to manual scheduling. Unlike some large rivals with hub-and-spoke networks, Southwest planes hopscotch from city to city, which may have been another complicating factor. Mr. Alamzad said the most serious IT challenge airlines face stems from the applications developed in silos by vendors or the airlines themselves. Southwest recently completed an upgrade of its new reservation system and had been working through multiyear upgrades to systems used in its operations. Other carriers have given priority to upgrading customer-facing reservations platforms and flier loyalty programs over operations systems, Mr. Alamzad said.
☆ Chatty AI and Protein-Predicting Algorithm Defined the Year in Emerging Tech
  + stars: | 2022-12-30 | by ( Angus Loten | ) www.wsj.com   time to read: +5 min
They also built supercomputers designed to handle the growing influx of data needed for evermore complex AI applications. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. Using an AI algorithm called AlphaFold, the London-based lab said it had expanded its database of predicted protein structures to 214 million, up from 1 million as of December 2021, representing all proteins known to science, including proteins found in animals, plants, bacteria and other organisms. Though researchers say the commercial application of nuclear fusion likely remains years and perhaps decades away, the technology might one day help fight climate change. In March, Sandbox AQ, a software startup developing quantum-computing and artificial-intelligence tools for commercial use, officially spun off from Alphabet’s Google to become a stand-alone company.
☆ Tech Spending Pressures Fuel Demand for Specialized Industry Clouds
  + stars: | 2022-12-20 | by ( Angus Loten | ) www.wsj.com   time to read: +6 min
Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. PREVIEWMost industry clouds began to hit the market early last year, in part sparked by demand for better healthcare data systems during the Covid-19 outbreak in 2020. Though Oracle doesn’t break out revenue from industry cloud sales, its industry cloud offerings are a “multibillion-dollar business,” Mr. Sicilia said. Microsoft last year rolled out industry clouds for retail, financial services, manufacturing, sustainability and nonprofit businesses, according to Kees Hertogh, Microsoft’s general manager for global industry product marketing. A Microsoft-developed industry cloud helped Tarrytown, N.Y.-based MVP Health Care implement a system to streamline its healthcare data, according to CIO Michael Della Villa.
☆ Blockchain Fails to Gain Traction in the Enterprise
  + stars: | 2022-12-15 | by ( Isabelle Bousquette | ) www.wsj.com   time to read: +7 min
Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. Some companies say they haven’t found a compelling enough reason to use it. Many didn’t have digital record-keeping systems and had to make large upfront investments before they could start using blockchain, Walmart said. Walmart is using blockchain to track leafy greens and green bell peppers. Earlier this year, the state of Jharkhand in eastern India began using blockchain to track seed distributions to farmers.
☆ Cramer's lightning round: You can pick up some shares of IBM on Friday
  + stars: | 2022-12-15 | by ( Krystal Hur | ) www.cnbc.com   time to read: 1 min
Loading chart...Oshkosh Corp : "I think it's a slow grower. Could be real interesting, though." Loading chart...International Business Machines Corp : "I think you can actually pick some up tomorrow." Loading chart...REX American Resources Corp : "I'm going to have to say ixnay on that one." Loading chart...Lightwave Logic Inc : "I do not know that stock."
☆ GE Healthcare Plans to Reduce Debt and Costs, Pursue Tuck-In Acquisitions
  + stars: | 2022-12-08 | by ( Nina Trentmann | ) www.wsj.com   time to read: +5 min
As a stand-alone company, GE Healthcare will also look to improve its working capital and lower logistics costs, Mr. Zodl said. GE Healthcare will also take a look at its real estate holdings and target over 100 sites, executives said. Ratings firms S&P Global Ratings, Fitch Ratings and Moody’s Investors Service have all given GE Healthcare an investment-grade rating. PREVIEWApart from reducing debt and costs, GE Healthcare will scout for potential tuck-in acquisition targets, Chief Executive Peter Arduini said. GE retains a 19.9% stake in GE Healthcare.
☆ Amazon to warn customers on limitations of its AI
  + stars: | 2022-11-30 | by ( Jeffrey Dastin Paresh Dave | Jeffrey Dastin | Paresh Dave | ) www.reuters.com   time to read: +4 min
Akin to lengthy nutrition labels, Amazon's so-called AI Service Cards will be public so its business customers can see the limitations of certain cloud services, such as facial recognition and audio transcription. The goal would be to prevent mistaken use of its technology, explain how its systems work and manage privacy, Amazon said. The cards would address AI ethics concerns publicly at a time when tech regulation was on the horizon, said Kearns. Amazon chose software touching on sensitive demographic issues as a start for its service cards, which Kearns expects to grow in detail over time. In 2019, Amazon contested a study saying the technology struggled to identify the gender of individuals with darker skin tones.
☆ Employers Rethink Need for College Degrees in Tight Labor Market
  + stars: | 2022-11-26 | by ( Austen Hufford | ) www.wsj.com   time to read: 1 min
The tight labor market is prompting more employers to eliminate one of the biggest requirements for many higher-paying jobs: the need for a college degree. Companies such as Alphabet Inc.’s Google, Delta Air Lines Inc. and International Business Machines Corp. have reduced educational requirements for certain positions and shifted hiring to focus more on skills and experience. Maryland this year cut college-degree requirements for many state jobs—leading to a surge in hiring—and incoming Pennsylvania Gov. Josh Shapiro campaigned on a similar initiative.
☆ New CIO Wants Cisco to Be a Model for Hybrid Work
  + stars: | 2022-11-23 | by ( Belle Lin | ) www.wsj.com   time to read: +4 min
Fletcher Previn, Cisco Systems Inc.’s new chief information officer, said he is working to help position the networking-equipment maker as a leader in hybrid work. Mr. Previn joined Cisco in 2021 as chief digital officer from International Business Machines Corp., where he was CIO. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. Cisco CIO Fletcher Previn Photo: Cisco Systems Inc.An IBM veteran of more than a decade, Mr. Previn was named that company’s CIO in 2017. Enabling hybrid work should be a priority for CIOs because it can cut office costs while improving employee productivity, said Bobby Cameron, a principal analyst at Forrester Research Inc.“Priorities for the hybrid work environment continue to be digital tools for meetings and active collaboration,” Mr. Cameron said.
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