International Business Machines Corp Stock Price, News & Analysis

IBM is collaborating with Heifer International to empower smallholder coffee and cocoa farmers in Honduras using technology like IBM Food Trust and Watson Decision Platform for Agriculture. These tools enhance supply chain transparency, allowing farmers to earn more than the 1% they typically get from coffee sales. With Food Trust, farmers can trace products from farm to sale, improving market access and pricing. By leveraging AI and blockchain, this initiative aims to raise farmers' incomes and stabilize the agricultural economy in the region.

Kyndryl, the independent company emerging from IBM's Managed Infrastructure Services, has appointed Matt Milton as President of its U.S. operations. This strategic move aims to enhance decision-making and customer engagement. Milton brings nearly 20 years of experience from IBM, where he held significant roles, including General Manager for Financial Services. Kyndryl plans to streamline its services into six global practices, aligning closely with customer needs. The official separation from IBM is expected by the end of 2021.

Kyndryl, the new independent public company born from IBM's Managed Infrastructure Services, has announced its global leadership model ahead of their spin-off expected by year-end. The company aims to enhance its digital transformation capabilities with a focus on customer-centric operations. Newly appointed leaders across key markets include Tosca Colangeli and Matt Milton. Kyndryl will establish six global managed services practices and an advisory service to support customer integration of advanced technologies.

OneTen, a coalition of CEOs, has launched a new Talent platform aimed at hiring, upskilling, and promoting one million Black individuals without four-year degrees over the next decade. Collaborating with Bain & Company, IBM, and Merck, the platform facilitates career paths and skill development. The platform will be available to member employers in Q4 2021, enhancing accessibility to job opportunities. By employing a skills-first approach, OneTen aims to combat bias in hiring, providing equitable access to careers for Black talent while leveraging advanced AI and blockchain technologies.

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.