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News on Medial
IBM to buy Software AG's enterprise integration platforms for $2.3 bn to bolster AI, hybrid cloud biz
Livemint
·
1y ago
Medial
IBM is set to acquire Software AG's enterprise integration platforms, StreamSets and webMethods, for 2.13 billion euros ($2.33 billion) to strengthen its AI and hybrid cloud offerings. The deal will enhance IBM's capabilities in application integration, API management, and data integration. Software AG is mainly owned by private equity firm Silver Lake, which currently holds a 93.3% stake. The acquisition is subject to regulatory approvals and is expected to be completed in Q2 2024.
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IBM renews collaboration with IIT Bombay and IISc to drive hybrid cloud & AI innovation
Economic Times
·
1y ago
Medial
IIT Bombay joined the IBM AI Horizon Network in 2018 to advance AI research in India, and in 2021, IBM and IISc Bangalore launched the IBM-IISc Hybrid Cloud lab to advance research in hybrid cloud technologies and drive breakthrough innovations in this area.
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Software AG eyes sale of further platforms after IBM deal
Economic Times
·
1y ago
Medial
Germany's Software AG is reportedly seeking bids for two of its software platforms, Trend Miner and Cumulocity, while exploring options for its Alfabet software. The company, which is majority-owned by private equity firm Silver Lake, recently agreed to sell its StreamSets and webMethods platforms to IBM. Software AG's move to sell additional platforms comes as part of its strategic restructuring efforts.
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Neysa Bags $30 Mn To Fuel Its GenAI Adoption
Inc42
·
9m ago
Medial
Neysa, a startup, is set to utilize its recent funding to bolster its AI infrastructure, research and development efforts, and prepare for the launch of its GenAI acceleration cloud service. The company is focused on collaborating with various partners in the global system integration, cloud services, and AI software sectors. Notably, Neysa raised $20 million in seed funding around six months ago, with contributions from investors such as Matrix Partners India, Nexus Venture Partners, and NTTVC.
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IBM to launch GenAI Innovation Center in Kochi
YourStory
·
1y ago
Medial
IBM has launched its GenAI Innovation Center in Kochi, India, aimed at supporting enterprises, startups, and partners in building generative AI technology. The center will provide access to IBM experts and technologies to help organizations build and scale enterprise-grade AI solutions. Built on the InstructLab, a technology developed by IBM and Red Hat, the center will leverage AI and data platforms to address societal and business challenges such as sustainability, healthcare, education, and inclusion. It will be managed by IBM's technical experts and located within the IBM India Software Lab in Kochi.
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IBM expands technology expert labs in India to accelerate adoption of Gen AI
Thehindubusinessline
·
1y ago
Medial
IBM is expanding its technology expert labs in India to support clients in harnessing the potential of AI, hybrid cloud, and cybersecurity. The labs, located in Bengaluru and Kochi, will offer technical expertise and deploy client engagements focused on delivering value with minimal implementation risks. The move comes as organizations globally face challenges in adopting and integrating new technologies into their existing IT landscape. IBM India Labs and Ecosystem expects that the expanded labs' access to product insights and solutions will benefit clients and partners in India and globally.
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L&T Semiconductor Technologies Partners With IBM To Design Processors
Inc42
·
11m ago
Medial
IBM and L&T Semiconductor Technologies have partnered with a focus on research and development to design advanced processors. The collaboration will encompass processor design for edge devices, hybrid cloud systems, as well as various sectors including mobility, industrial, energy, and servers. This partnership is part of the growing semiconductor activity in India, where the country is attracting investments from major players in the industry.
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Can your organisation afford to overlook AI integration?
Economic Times
·
1y ago
Medial
The global AI market is projected to reach $1,811.8 billion by 2030, with a CAGR of 38.1%. AI offers opportunities to streamline operations, drive innovation, and deliver personalized customer experiences. Automation and data analysis are two areas where AI is making significant strides, enhancing efficiency and unlocking valuable insights. Embracing AI integration is crucial for organizations to stay competitive and meet customer expectations. However, data readiness, addressing talent gaps, investing in computing infrastructure, and managing hybrid and multi-cloud environments are key challenges. Hewlett Packard Enterprise (HPE) offers comprehensive AI solutions and expert guidance to help organizations successfully implement AI initiatives.
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Broadcom closes $69 billion VMware deal after China approval
Economic Times
·
1y ago
Medial
Broadcom has successfully closed its $6.9 billion deal to acquire VMware after getting approval from China's regulatory authorities. The acquisition is expected to bolster Broadcom's position in the growing software and cloud services market.
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IBM acquires data analysis startup Seek AI, opens AI accelerator in NYC
TechCrunch
·
2m ago
Medial
IBM has acquired Seek AI, an AI platform enabling natural language queries for enterprise data, to integrate with its Watsonx AI Labs in NYC. Seek AI, founded in 2021, offers tools for data interaction using chatbot-like interfaces. The acquisition aligns with IBM's strategy to enhance its enterprise AI capabilities, boosting IBM's Q1 earnings through software growth and AI demand. Seek AI will relocate to Watsonx AI Labs, fostering AI innovation and development.
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IBM gets lift from software, AI demand as consulting slips
Economic Times
·
1y ago
Medial
IBM reported better-than-expected second-quarter revenue and raised its annual growth forecast for its software business. The company's focus on expanding its AI platform, Watsonx, and making its AI models open-source has contributed to its success. Software revenue increased by about 7% to $6.74 billion in the quarter, and the company now expects the segment to grow at a high-single-digit percentage in 2024. However, IBM lowered its expectations for annual consulting revenue due to clients cutting back on discretionary spending. Overall, the company's strong performance in the AI sector has positioned it well to capitalize on the growing demand for AI integration.
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