International Business Machines Corp - IBM STOCK NEWS

IBM and Amazon Web Services announced a collaboration aimed at enhancing the energy sector by integrating IBM Open Data for Industries with AWS Cloud. This solution, leveraging Red Hat OpenShift, will enable energy companies to utilize both cloud and on-premises data platforms, facilitating the reduction of data barriers in operational processes.

The partnership focuses on empowering energy firms to transition towards sustainable practices and improve data accessibility, addressing the industry's challenge of underutilized data due to proprietary formats.

On November 10, 2021, IBM announced enhancements to its natural language processing (NLP) capabilities for Watson Discovery, aimed at improving business processes in the financial, insurance, and legal sectors. Key features include Smart Document Understanding for automated document analysis and automatic text pattern detection for identifying business-specific information. These innovations are designed to help users make data-driven decisions while streamlining complex tasks. Daniel Hernandez, IBM's General Manager of Data and AI, emphasized that these updates will empower businesses to uncover insights efficiently.

Kyndryl has successfully completed its spin-off from IBM and is now trading independently on the NYSE under the ticker KD. With a workforce of 90,000, Kyndryl is positioned as the largest IT infrastructure services provider, expecting a market growth exceeding $500 billion by 2024. The company boasts $19 billion in annual revenue and strong customer relationships, including 75% of the Fortune 100. IBM shareholders received Kyndryl shares in a 1:5 ratio, with IBM retaining 19.9% equity in Kyndryl.

IBM has successfully completed the separation of its managed infrastructure services business, Kyndryl, which will start trading on the New York Stock Exchange as "KD" on November 4, 2021. Shareholders of IBM will receive one share of Kyndryl for every five shares of IBM held as of October 25, 2021. IBM retains 19.9% of Kyndryl's shares, planning to exchange them for IBM debt within a year. This decision aligns with IBM's strategy to focus on hybrid cloud and AI to achieve growth objectives, according to CEO Arvind Krishna.

IBM (NYSE: IBM) announced plans to acquire ReaQta to enhance its cybersecurity offerings, particularly in the extended detection and response (XDR) market. This acquisition aims to integrate ReaQta's AI-driven endpoint security solutions into IBM's QRadar XDR suite, allowing for improved threat detection and response across hybrid cloud environments. As cyber threats grow in complexity, this strategic move positions IBM to provide better security automation and response capabilities. Financial terms of the deal were not disclosed, with closure expected later this year.

IBM's global study reveals a major shift towards hybrid cloud solutions, with only 3% of executives using a single cloud in 2021, down from 29% in 2019. Conducted by the IBM Institute for Business Value and Oxford Economics, the survey of nearly 7,200 C-suite executives highlights escalating cyber threats, with over a third not prioritizing cybersecurity. Additionally, 79% of participants emphasize the importance of avoiding vendor lock-in. The study stresses the need for improved security, governance, and compliance tools across multi-cloud architectures to enable successful digital transformations.

IBM announced new collaborations at the Mobile World Congress Los Angeles, focusing on hybrid cloud, AI, network automation, and security. Key partnerships include Boston Dynamics for edge data analytics, Cisco for 5G network orchestration, and Palo Alto Networks for 5G security solutions. A study highlighted that 59% of high-performing Communication Service Providers (CSPs) recognize the need for AI and automation. IBM continues to support CSPs in adopting advanced technologies, enhancing operational efficiency, and driving new revenue opportunities in 5G and edge computing.

Samsung Electronics and IBM have launched the Call for Code Honoring Everyday Heroes Challenge, aimed at encouraging developers to create innovative solutions for essential workers impacted by the Covid-19 pandemic. The challenge, unveiled at the Samsung Developer Conference, invites applications that utilize IBM's cloud technologies and can run on Samsung devices. Submissions close on November 20, with the winner announced on December 9. The winning entry will receive a cash prize, Samsung devices, and deployment support. This initiative is part of a long-standing partnership between the two companies.