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IBM To Pause Hiring, Plans To Replace 7,800 Jobs With AI: Report
International Business Machines Corp Chief Executive Arvind Krishna said in an interview the company expects to pause hiring for roles as roughly 7,800 jobs could be replaced by Artificial Intelligence in the coming years.
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IBM Cuts 3,900 Jobs In Latest Tech Layoffs
IBM Corp 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.
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Neuralink Founding Member Working on Chip Design Said to Have Departed Firm in Recent Weeks
A Neuralink executive who helped launch the firm six years ago is said to have left the company. Paul Merolla, who worked on Neuralink’s chip design program was one of eight people who helped set up Neuralink, including Elon Musk. The reason for his departure is currently unknown. Another founder was Neuralink’s former president Max Hodak, who ...
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IIT-Kanpur Alumnus Arvind Krishna To Be The CEO of IBM: 10 Things To Know
International Business Machines Corp (IBM) has named IITian Arvind Krishna as chief executive officer, replacing long-time CEO Virginia Rometty. Mr Krishna, 57, who is an alumnus from Indian Institute of Technology, Kanpur and currently spearheading the Red Hat deal, will take over in April.
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The Company IBM's Buying For 34 Billion Dollars
International Business Machines Corp said on Tuesday it has closed its $34 billion acquisition of software company Red Hat Inc as it looks to ramp up its cloud computing business.
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IBM Settles Legal Dispute With Diversity Officer Hired by Microsoft
The settlement allows Lindsay-Rae McIntyre to begin working at Microsoft in July.
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IBM Sues Former HR Boss Hired By Microsoft
International Business Machines Corp sued its former executive Lindsay-Rae McIntyre, who was named Microsoft Corp's new chief diversity officer over the weekend.
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Warren Buffett Adds More Apple, Reduces IBM Stake by Another Third
Berkshire also boosted its stake in Apple Inc 3 per cent to 134.1 million shares worth $20.7 billion, and became Bank of America Corp's largest shareholder by exercising warrants for 700 million shares.
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IBM Reports Mixed Earnings, Profit Tops Estimates But Revenue Misses
Revenue in IBM's technology services and cloud platforms business - its largest - fell 5.1 per cent to $8.41 billion. Analysts on average had expected $8.58 billion, according to financial data and analytics firm FactSet.
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IBM Suffers Bigger-Than-Expected Decline In Revenues
The company said gross profit margin fell in all five of its reporting units. Overall adjusted gross margin of 44.5 percent missed analysts' estimates of 47.7 percent.
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Accenture's Full-Year Profit Forecast Disappoints, Shares Fall
Accenture has invested heavily in its fast-growing businesses, such as digital and cloud services, amid stiff competition from Cognizant Technology Solutions Corp and IBM Corp.
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Will Continue To Invest In Tech: IBM India
IT companies have been forced to be more modest on a slew of detrimental factors and it is the spends on research and development which stand to get affected in such trying circumstances.
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IBM, Google, Others To Unveil New Open Interface To Take On Intel
Technology giants IBM Corp, Google and seven others have joined hands to launch an open specification that can boost datacenter server performance by up to ten times, to take on Intel Corp.
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Apple, Google, Coca-Cola Top List Of 100 Most Valuable Brands
Consultancy Interbrand's 2016 Best Global Brands report ranks brands based on financial performance, its influence on customers and its power to command a premium price or drive company sales.
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Banks Adopting Blockchain 'Dramatically Faster' Than Expected: IBM
Banks and other financial institutions are adopting blockchain technology "dramatically faster" than initially expected, with 15 per cent of top global banks intending to roll out full-scale, commercial blockchain products in 2017, IBM said on Wednesday.
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IBM To Pause Hiring, Plans To Replace 7,800 Jobs With AI: Report
International Business Machines Corp Chief Executive Arvind Krishna said in an interview the company expects to pause hiring for roles as roughly 7,800 jobs could be replaced by Artificial Intelligence in the coming years.
-
IBM Cuts 3,900 Jobs In Latest Tech Layoffs
IBM Corp 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.
-
Neuralink Founding Member Working on Chip Design Said to Have Departed Firm in Recent Weeks
A Neuralink executive who helped launch the firm six years ago is said to have left the company. Paul Merolla, who worked on Neuralink’s chip design program was one of eight people who helped set up Neuralink, including Elon Musk. The reason for his departure is currently unknown. Another founder was Neuralink’s former president Max Hodak, who ...
-
IIT-Kanpur Alumnus Arvind Krishna To Be The CEO of IBM: 10 Things To Know
International Business Machines Corp (IBM) has named IITian Arvind Krishna as chief executive officer, replacing long-time CEO Virginia Rometty. Mr Krishna, 57, who is an alumnus from Indian Institute of Technology, Kanpur and currently spearheading the Red Hat deal, will take over in April.
-
The Company IBM's Buying For 34 Billion Dollars
International Business Machines Corp said on Tuesday it has closed its $34 billion acquisition of software company Red Hat Inc as it looks to ramp up its cloud computing business.
-
IBM Settles Legal Dispute With Diversity Officer Hired by Microsoft
The settlement allows Lindsay-Rae McIntyre to begin working at Microsoft in July.
-
IBM Sues Former HR Boss Hired By Microsoft
International Business Machines Corp sued its former executive Lindsay-Rae McIntyre, who was named Microsoft Corp's new chief diversity officer over the weekend.
-
Warren Buffett Adds More Apple, Reduces IBM Stake by Another Third
Berkshire also boosted its stake in Apple Inc 3 per cent to 134.1 million shares worth $20.7 billion, and became Bank of America Corp's largest shareholder by exercising warrants for 700 million shares.
-
IBM Reports Mixed Earnings, Profit Tops Estimates But Revenue Misses
Revenue in IBM's technology services and cloud platforms business - its largest - fell 5.1 per cent to $8.41 billion. Analysts on average had expected $8.58 billion, according to financial data and analytics firm FactSet.
-
IBM Suffers Bigger-Than-Expected Decline In Revenues
The company said gross profit margin fell in all five of its reporting units. Overall adjusted gross margin of 44.5 percent missed analysts' estimates of 47.7 percent.
-
Accenture's Full-Year Profit Forecast Disappoints, Shares Fall
Accenture has invested heavily in its fast-growing businesses, such as digital and cloud services, amid stiff competition from Cognizant Technology Solutions Corp and IBM Corp.
-
Will Continue To Invest In Tech: IBM India
IT companies have been forced to be more modest on a slew of detrimental factors and it is the spends on research and development which stand to get affected in such trying circumstances.
-
IBM, Google, Others To Unveil New Open Interface To Take On Intel
Technology giants IBM Corp, Google and seven others have joined hands to launch an open specification that can boost datacenter server performance by up to ten times, to take on Intel Corp.
-
Apple, Google, Coca-Cola Top List Of 100 Most Valuable Brands
Consultancy Interbrand's 2016 Best Global Brands report ranks brands based on financial performance, its influence on customers and its power to command a premium price or drive company sales.
-
Banks Adopting Blockchain 'Dramatically Faster' Than Expected: IBM
Banks and other financial institutions are adopting blockchain technology "dramatically faster" than initially expected, with 15 per cent of top global banks intending to roll out full-scale, commercial blockchain products in 2017, IBM said on Wednesday.
