International Business Machines Corp - IBM STOCK NEWS

Kyndryl, formed from IBM's Managed Infrastructure Services business, has appointed Antoine Shagoury as Chief Technology Officer. The company aims to leverage advanced technology to meet digital demands. Kyndryl is also establishing an advisory practice led by Vic Bhagat to assist clients in modernizing their IT environments. Shagoury brings extensive experience from State Street and the London Stock Exchange, while Bhagat has held senior roles at Verizon and EMC. The separation from IBM is anticipated to complete by the end of 2021.

IBM has launched its Cloud Pak for Network Automation during the Mobile World Congress 2021, aimed at enhancing 5G service delivery for communications service providers (CSPs). This AI-powered software enables quick network management, reducing service deployment times from months to days. According to an IBM study, 82% of CSPs emphasize faster service rollout as crucial for automation success. The offering integrates advanced analytics and machine learning to optimize network performance and includes features for real-time monitoring and automatic resource delivery.

Hapag-Lloyd and Ocean Network Express have successfully integrated with the TradeLens platform, which enhances global logistics data visibility for containerized freight. This partnership joins other major carriers, benefiting clients through improved efficiency and reduced operational costs. The TradeLens ecosystem now includes over 300 organizations, contributing to digitization and faster processes across the shipping industry. TradeLens has processed 42 million container shipments, enhancing transparency and reducing paperwork in global trade.

IBM Watson Advertising announced a new research initiative focusing on using open-source AI technology to understand and mitigate unwanted bias in advertising. This study aims to explore the prevalence of bias and the role of AI in reducing it, particularly as the advertising industry faces changes in privacy regulations. Key areas of investigation include the incidence of bias in campaigns and the effectiveness of AI tools like AI Fairness 360. The research will partner with the Ad Council and other leaders in academia and industry.

IBM (NYSE: IBM) and the All England Lawn Tennis Club announced new technologies to enhance the fan experience for Wimbledon 2021. Launching on June 28, these updates include IBM Power Rankings with Watson—providing AI-driven player performance insights—and Pre-Match Insights featuring player statistics and win probabilities. Additionally, personalized recommendations for fans will be generated through an integrated recommendation engine. IBM continues to leverage its cloud and AI capabilities to revolutionize the digital experience at Wimbledon, marking over 30 years of partnership.

IBM has partnered with the Indian Institute of Science (IISc) to launch the IBM-IISc Hybrid Cloud Lab in Bengaluru aimed at advancing research in hybrid cloud technologies. This collaboration will involve IBM Research scientists working with IISc students and faculty to develop innovative solutions that enhance the adoption of hybrid cloud and AI. A key finding from an IBM study indicates that businesses can unlock 2.5 times more value from hybrid multi-cloud platforms compared to single cloud platforms. The lab will also promote open-source research, benefiting the broader community.

IBM has launched Reigniting Small Business, a no-cost program aimed at assisting small businesses in navigating challenges exacerbated by the COVID-19 pandemic. Partnering with organizations like Huntington National Bank and Jones Day, the initiative offers educational resources on topics including finance, marketing, and legal issues. Small businesses, especially those from diverse communities, will benefit from coaching sessions led by IBM volunteers. This program addresses the vital role small businesses play in the economy, as they employed approximately 60.6 million people as of 2017.

Pandora has partnered with IBM to enhance its omnichannel e-commerce capabilities using IBM Sterling Order Management. The collaboration has allowed Pandora to double its online sales in 2020 and improve inventory visibility, addressing the growing demand for digital shopping experiences. With a focus on supply chain resilience and integrating digital technologies, the company aims to enhance customer experiences across various channels. The transition also involved establishing a Digital Hub in Copenhagen to further support their digital initiatives.

IBM has successfully closed its acquisition of Turbonomic, an Application Resource Management and Network Performance Management software provider. This acquisition enhances IBM's portfolio with AI-driven automation capabilities to support hybrid cloud environments, powered by Red Hat OpenShift. With this strategic move, IBM aims to provide comprehensive AI-powered automation solutions, thereby ensuring optimal application performance across diverse cloud settings. The acquisition also strengthens IBM's partnerships with companies like Cisco to accelerate customer journeys toward hybrid cloud and AI adoption.