Tag: IBM
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IBM Acquires Confluent to Enhance AI Data Processing Capabilities
IBM CEO Arvind Krishna pictured in October during a Diwali celebration in the Oval Office of the White House in Washington, D.C. “With the acquisition of Confluent, IBM will provide the smart data platform for enterprise IT, purpose-built for AI,” Krishna said Monday. Photo by Allison Robbert/UPI | License Photo Dec. 8 (UPI) — IBM…
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IBM Acquires Confluent for $11 Billion to Accelerate AI Through Data Streaming
IBM on Monday announced a major acquisition to strengthen its artificial intelligence capabilities, agreeing to buy data streaming platform Confluent in a cash deal valued at $11 billion.The US technology major said it has signed a definitive agreement to acquire all issued and outstanding common stock of Confluent Inc. for $31 per share in cash,…
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IBM Acquires Confluent for $11 Billion to Enhance AI Capabilities
Published on 08/12/2025 – 15:13 GMT+1 •Updated 15:15 International Business Machines Corporation (IBM) is buying data-streaming platform Confluent in a bid to bolster its AI offerings. The deal, worth $11 billion (€9.44bn) in total, will see IBM pay $31 per share in cash, a premium of around 34% on Confluent’s Friday closing price. The transaction…
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IBM Considers $11 Billion Acquisition of Confluent to Strengthen Cloud and AI Portfolio
IBM is close to finalising a roughly $11 billion acquisition of data-infrastructure firm Confluent, according to a Wall Street Journal report, in what would be the tech giant’s biggest bet yet to strengthen its cloud software and AI ambitions. The deal, which could be announced on December 8, the report noted, would give IBM control…
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IBM CEO Aravind Krishna: Pandemic Over-Hiring, Not AI, Fuels Tech Layoffs
When headlines blame artificial intelligence for sweeping layoffs across Silicon Valley and beyond, IBM CEO Aravind Krishna says that explanation misses the bigger picture. In a wide-ranging interview with The Verge, Krishna pushed back on the notion that AI is the primary driver of the current job cuts, arguing instead that much of today’s correction is…