Welcome to our dedicated page for International Business Machines news (Ticker: IBM), a resource for investors and traders seeking the latest updates and insights on International Business Machines stock.
International Business Machines Corporation develops enterprise technology across software, consulting, hardware, hybrid cloud, artificial intelligence and quantum computing. News from IBM centers on AI platforms and services, including watsonx, IBM Enterprise Advantage, IBM Consulting Advantage, IBM Sovereign Core, watsonx Orchestrate and Red Hat technologies for hybrid and regulated environments.
Recurring updates also cover IBM Consulting client work, industry and cloud collaborations, research milestones in quantum-centric supercomputing, AI-enabled application experiences, and IBM Institute for Business Value studies on enterprise adoption and governance of AI.
On February 22, 2023, IBM released its annual X-Force Threat Intelligence Index, highlighting major changes in cybersecurity threats. Although ransomware incidents decreased slightly, the average time to execute a ransomware attack dropped from 2 months to less than 4 days. The report identified manufacturing as the most extorted industry, with 44% of extortion cases concentrated in Europe. Additionally, thread hijacking attempts doubled, indicating a shift in tactics among cybercriminals. The report underscores the necessity for businesses to adopt proactive security strategies to combat evolving threats.
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IBM is addressing global food security challenges by empowering smallholder farmers in Latin America through technology. With 828 million people affected by hunger, the IBM Sustainability Accelerator program collaborates with Plan21 Foundation to develop tools that enhance agricultural productivity. The initiative includes a mobile app named YvY, which provides farmers with critical data insights to improve crop management and adapt to climate change. Initial testing has involved 190 farmers in Costa Rica and aims to expand to 1,600 producers across several countries by 2023, thereby contributing to sustainable agricultural practices.
Star Mountain Capital has appointed George Mattson as President, a newly created position, to enhance its growth and performance. Mattson, a former partner at Goldman Sachs with 35 years of experience, will also serve on the firm's Investment and Executive Committees. With approximately $3.5 billion in assets under management, Star Mountain focuses on investments in established lower middle-market businesses. The firm has made about 200 direct investments since 2010, emphasizing the creation of jobs and economic development in North America.
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On January 31, 2023, IBM declared a quarterly cash dividend of $1.65 per common share, payable on March 10, 2023, to shareholders of record as of February 10, 2023. This marks over a century of consecutive quarterly dividends since 1916, reflecting IBM's commitment to returning value to its shareholders.
Red Hat and Oracle have announced a strategic alliance to enhance customer choice in distributed cloud environments, now supporting Red Hat Enterprise Linux on Oracle Cloud Infrastructure (OCI). This collaboration aims to streamline operations for organizations using both platforms, allowing for the migration of workloads and improving digital transformation initiatives. As cloud services are projected to grow 18.5% in 2023, this partnership is timely for Fortune 500 companies that rely on these technologies. OCI's flexible virtual machines can now operate with Red Hat Enterprise Linux, providing enterprise flexibility and support, with future plans for bare-metal server certification.
IBM Chief Impact Officer Justina Nixon-Saintil discussed the company's Corporate Social Responsibility (CSR) and Environmental, Social, and Governance (ESG) initiatives during an interview with Forbes. IBM is focusing on education and sustainability programs intended to tackle pressing social issues, including climate change and workforce transformation. These initiatives are backed by expert insights and advanced technology to enhance their social impact. The full interview can be accessed here and more information on their impact efforts can be found here.