IBM

Microsoft and Nvidia stocks reach all-time highs amid OpenAI CEO shuffle

Microsoft (MSFT) stocks hit an all-time high of $378.81 on Nov. 20 on the back of a tumultuous weekend for the AI sector involving the ousting of OpenAI CEO and co-founder Sam Altman. Not to be outdone, Nvidia (NVDA) stocks also reached an all-time high of $499.60, continuing a trend that’s ...

IBM launches $500M fund to develop generative AI for enterprise

IBM announced the launch of a $500 million Enterprise AI Venture Fund on Nov. 7 that, according to the company, will be focused on “accelerating generative AI technology and research for the enterprise.”Focused on accelerati ...

IBM’s new AI chip offers 22X speedup with ‘mind-blowing’ energy efficiency

IBM recently debuted a new prototype artificial intelligence (AI) chip purported to be both faster and far more energy efficient than any chip currently available. According to research published in Science Magazine on Oct. 19, the new chip, dubbed NorthPole, “achieves a 25 time ...

IBM plans to replace back-office jobs with artificial intelligence

They have suspended hiring for new jobs And plan to implement AI replacements within 5 years Robots can perform back-office tasks IBM CEO Arvind Krishna announced a halt in hiring for a number of jobs. In the next few years, they plan to fill them wit ...