IBM Corp. is winding down its research and development group in China, multiple publications reported today. A source told Bloomberg that the move is set to affect fewer than 1,000 employees.

IBM details its upcoming Telum II mainframe chip as well as its Sprye AI accelerator card. Both chips will be available in new mainframe systems next year. IBM should see a revenue boost from ...

In July, IBM reported second-quarter sales of $15.8 billion, up by 2.1% year-on-year, beating the analyst estimate of $15.6 billion. EPS of $2.43 topped the consensus estimate of $2.19. IBM stock ...

She previously worked at The Wall Street Journal and Bloomberg. David Ramos / Getty Images IBM (IBM) reportedly is closing its China research and development (R&D) department and moving those ...

IBM's Q2 results exceeded expectations, driven by strong performance in software, consulting, and infrastructure, and a 24% increase in free cash flow. IBM's AI strategy, including the Watsonx ...

IBM's fair value is estimated to be around $145 per share using a dividend discount model with an 8.2% required rate of return. Despite improving business performance, IBM's stock appears ...

IBM has announced it is shutting down its research and development operations in China, with hundreds of workers set to lose their jobs. The closure will impact more than 1,000 IBM workers across ...

IBM Corp. today announced plans to make Intel Corp.’s Gaudi 3 artificial intelligence processor available in its public cloud platform. Gaudi 3 is positioned as an alternative to Nvidia Corp ...

US computing giant IBM has reportedly shut down its research and development (R&D) operations in China, joining a slew of global Big Tech firms in trimming their mainland businesses amid ...

Hong Kong CNN — IBM is cutting more than 1,000 jobs in China, according to multiple state media reports, as geopolitical tension between Beijing and Washington prompts many global companies to ...

BEIJING, Aug 26 (Reuters) - IBM (IBM.N), opens new tab will completely shut its China R&D operation, affecting more than 1,000 jobs, the U.S. technology company said on Monday. A spokesperson for ...

IBM has announced the Telum II Processor with shared on-chip AI and, perhaps surprisingly, the Spyre Accelerator, delivered on a PCIe card and designed to accelerate AI models, including LLM ...