IBM

Core Summary Tech giant IBM saw its stock plunge over 25% in a single session after issuing a second-quarter earnings warning. The company cautioned that massive corporate investment in artificial intelligence is crowding out budgets for traditional software and services, pressuring core business revenue. The announcement triggered a broad selloff in the technology sector. Details In its after-hours earnings warning, IBM stated that despite strong AI-related demand, customers are reallocating IT budgets as they accelerate AI deployments, cutting spending on traditional software licenses and consulting services. The company now expects Q2 revenue to fall below prior analyst expectations. ...

IBM announces the world’s first known working chip technology below 1 nanometre, using an innovative 3D stacked design dubbed the ‘block of flats’ approach.

The U.S. government has announced a $2 billion investment in IBM and other quantum computing companies to accelerate the development of quantum technologies. This marks a major federal push in the quantum sector, aimed at moving quantum computing from laboratory research to commercial applications. Quantum computing is viewed as a core battleground in next-generation technology competition, with potential far-reaching implications for cryptography, drug discovery, and artificial intelligence. Source: Google News / Reuters ...

IBM and MIT announce the establishment of a joint computing research lab aimed at advancing AI and quantum computing research, deepening their long-standing academic and industry partnership.