IBM

Israeli quantum startup Qedma just raised $26 million, with IBM joining in

Fundraising /

Despite their imposing presence, quantum computers are delicate beasts, and their errors are among the main bottlenecks that the quantum computing community is actively working to address. Failing this, promising applications in finance, drug discovery, and materials science may never become real. That’s the reason why Google touted the error correction capacities of its latest […]

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IBM acquires data analysis startup Seek AI, opens AI accelerator in NYC

AI /

IBM on Monday said that it has acquired Seek AI, an AI platform that allows users to ask questions about enterprise data using natural language, for an undisclosed sum. Seek CEO and founder Sarah Nagy said that the startup’s technology will be a key part of Watsonx AI Labs, IBM’s new NYC-based AI accelerator, which

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IBM CEO urges the Trump Administration to increase — not cut — federal AI R&D funding

AI /

Like many leaders in tech, Arvind Krishna, the CEO of IBM, thinks federal R&D funding for AI and related technologies should be increased — not the other way around. “We have been an extremely strong advocate — and this is both the company and me personally — on that federally funded R&D should be increased,”

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IBM pledges to spend $150B in the US over the next few years

Government & Policy /

Enterprise tech giant IBM says that it plans to invest $150 billion in the U.S. over the next five years, which will include a “more than” $30 billion investment in mainframe and quantum computing research. The goal is to fuel the economy and “accelerate [IBM’s] role as the global leader in computing,” the company said in a press release Monday.

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IBM affected by DOGE cuts, downplays impact during Q1 earnings call

Hardware /

Tech and consulting giant IBM was not immune to the Department of Government Efficiency’s (DOGE) cuts. IBM had 15 of its federal contracts cancelled due to DOGE-related cuts during the first quarter of 2025, according to reporting from Reuters and Bloomberg. These cuts amount to $100 million in future payments, per Bloomberg. Federal contracts represent

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IBM acquires Hakkoda to continue its AI consultancy investment push

Fundraising /

IBM on Monday said it has acquired Hakkoda, a data and AI consultancy based in New York. The acquisition would “further expand” IBM’s ability to bring consultants and AI to clients, particularly customers in industries like financial services, public sector, and healthcare and life sciences, said Mohamad Ali, SVP and head of IBM’s consulting business,

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IBM closes $6.4B HashiCorp acquisition

Enterprise /

IBM has finalized its multi-billion dollar HashiCorp acquisition, two days after the U.K.’s antitrust regulator gave the deal its blessing. Today’s announcement comes 10 months after IBM announced plans to pay $6.4 billion for HashiCorp, an enterprise software company best known for Terraform, an “infrastructure as code” tool for provisioning and managing infrastructure across clouds.

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IBM’s $6.4B HashiCorp acquisition cleared by UK

Government & Policy /

The U.K.’s antitrust authority has given the go-ahead to IBM’s planned multibillion acquisition of infrastructure software company HashiCorp. In a brief case update published today, the Competition and Markets Authority (CMA) said it had “cleared the anticipated acquisition by IBM of HashiCorp,” and it would publish the full rationale for its decision in due course.

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