International Business Machines Corp Stock Price, News & Analysis

IBM has committed to achieving net zero greenhouse gas emissions by 2030, emphasizing its long-standing leadership in climate action. Key initiatives include reducing emissions by 65% by 2025 from 2010 levels and sourcing 75% of its electricity from renewable sources by 2025, rising to 90% by 2030. Additionally, the company plans to use carbon capture technologies by 2030 to offset residual emissions. This pledge underscores IBM's dedication to sustainability and its historical advocacy for environmental responsibility dating back to 1971.

IBM (NYSE: IBM) announced that bp has joined the IBM Quantum Network to enhance the application of quantum computing in the energy sector. This partnership provides bp access to IBM's advanced quantum computing resources, including a 65-qubit quantum computer. The collaboration aims to tackle engineering challenges and reduce carbon emissions, aligning with bp's goal to achieve net zero by 2050. bp plans to increase its renewable energy capacity significantly, invest heavily in low carbon initiatives, and reduce fossil fuel production by 40%.

IBM has announced that Instacart, a leading online grocery platform, has acquired over 250 patents from IBM and entered a mutual patent cross-licensing agreement. This partnership aims to strengthen Instacart's intellectual property rights and foster innovation in food delivery solutions. Financial terms remain undisclosed. IBM's ongoing commitment to innovation is highlighted, with the company recently securing over 9,130 patents in 2020 alone. This strategic collaboration is anticipated to enhance Instacart's service offerings and operational capabilities.

IBM has launched new entry-level flash storage systems and hybrid cloud updates, aimed at making enterprise-class storage more accessible. Recognizing the projected surge in global data creation, which is expected to reach 143 zettabytes by 2024, the company highlights its enhancements to the FlashSystem line. The new FlashSystem 5200 offers significant performance improvements, including 66% greater I/Os and 40% more data throughput, all at an average price 20% lower than its predecessor. IBM is also advancing its hybrid cloud capabilities and introducing additional storage options to cater to varying business needs.

IBM and Palantir Technologies announced a partnership on Feb. 8, 2021, to launch Palantir for IBM Cloud Pak for Data, aimed at simplifying AI application development. This new product, available by March 2021, leverages IBM's hybrid cloud data platform and Palantir's operations platform to help businesses analyze and act on scattered data without extensive technical skills. The partnership addresses AI adoption challenges, particularly data silos and lack of expertise, and is designed to support industries like retail, finance, healthcare, and telecommunications in making data-driven decisions and automating outcomes.

IBM (NYSE: IBM) announced in-kind grants valued at $3 million to enhance cybersecurity for U.S. public schools, responding to a surge in ransomware attacks. Six school districts will receive grants worth $500,000 each, with applications open from February 4 to March 1, 2021. A study conducted by Morning Consult, sponsored by IBM, revealed that over half of educators lack cybersecurity training despite the increase in remote learning. The initiative, part of IBM's Corporate Social Responsibility efforts, aims to help schools develop incident response plans and basic cybersecurity education.

IBM has launched its Hybrid Cloud Build Team, comprising over 100 specialists, to enhance ecosystem partners' cloud migration and modernization efforts. Drawing from a recent IBM Institute for Business Value study, hybrid cloud adoption is projected to increase by 47% in three years, highlighting the strategic importance of IBM's initiative. The team, leveraging technologies like AI and Kubernetes, aims to optimize workloads across various cloud platforms. A notable collaboration with LTI focuses on enhancing insurance underwriting through AI integration. This initiative is part of IBM's $1B investment in its ecosystem.

A new IBM Institute for Business Value study reveals that managing a remote workforce is a top challenge for CEOs, especially those from outperforming organizations. These leaders prioritize talent, technology, and partnerships for post-COVID success. Key findings indicate that 77% of top-performing CEOs are focused on employee well-being, even if it impacts short-term profits. The study highlights the significance of flexible technology, partnerships, and addressing global issues like climate change. Conducted with 3,000 CEOs globally, this research underscores the evolving workplace dynamics.

On January 28, 2021, IBM unveiled new features in its TRIRIGA integrated workplace management system, leveraging artificial intelligence for efficient workplace management. The enhancements include indoor mapping, dynamic space planning, and a virtual assistant aimed at supporting organizations' return-to-work strategies amidst COVID-19. This initiative aligns with findings from IBM's recent study indicating 59% of executives accelerated digital transformation during the pandemic. Collaborations with Cisco and Esri further enhance TRIRIGA's capabilities for space management and employee productivity.