Technology and Consulting Corporation
Appears in 6 stories
Strategic acquirer building a hybrid cloud and AI platform via M&A
IBM has agreed to acquire Confluent, the data‑streaming company built around Apache Kafka, in an all‑cash deal for about $11 billion, or $31 per share, a roughly 34% premium to its last close. IBM says Confluent's real‑time event streaming and governance capabilities will anchor a new "smart data platform" that connects, cleans, and orchestrates data across hybrid clouds for generative and agentic AI applications. The deal positions IBM as both an AI model provider and the owner of the data plumbing that makes enterprise AI work.
Updated 6 days ago
Lead technology partner and systems integrator for Riyadh Air’s AI-native architecture
Riyadh Air, Saudi Arabia's startup flag carrier, is what IBM and the airline call the world's first "AI-native" airline — built from day one around AI-driven, cloud-based systems, not retrofitted legacy IT. Launched in March 2023 under Vision 2030, the airline has ordered large fleets from Boeing and Airbus and aims to connect over 100 destinations and serve millions of travelers by 2030 through Riyadh's planned mega-hub.
Strategic partner collaborating with Arm to bring Arm software environments to enterprise mainframes
For 35 years, Arm Holdings sold blueprints, not chips. Apple, Qualcomm, Nvidia and Amazon paid Arm to license its processor designs, then made the silicon themselves. On May 6, 2026, Arm formalized a different future: a $15 billion direct chip-sales business by fiscal 2031, anchored by an in-house data center processor called the Arm AGI CPU. Customer demand for the chip has already doubled to more than $2 billion for fiscal years 2027–2028 since the March 24 launch, and an IBM collaboration announced in April extended the AGI CPU's reach toward enterprise mainframes.
Updated May 7
Stock down ~33% in February 2026; defending mainframe and consulting business
An estimated 220 billion lines of COBOL code still run in production every day, processing 95% of ATM transactions and roughly $3 trillion in daily commerce. For decades, understanding and modernizing that code has required large teams of specialized consultants working for months or years. On February 23, Anthropic published a playbook showing how its Claude Code tool can automate the most labor-intensive phases of that work—mapping dependencies, documenting workflows, and identifying risks across thousands of files—and IBM shares immediately fell 13.2%, their worst single-day drop in more than 25 years.
Updated Feb 23
Pioneered neuromorphic computing with TrueNorth and NorthPole chips
For decades, simulating the physics of airplane wings, nuclear weapons, or weather systems required warehouse-sized supercomputers consuming megawatts of power. Researchers at Sandia National Laboratories have now demonstrated that brain-inspired neuromorphic chips can solve these same equations—the partial differential equations underlying nearly all physics simulations—with a fraction of the energy.
Updated Feb 14
Committed to Trump Accounts contributions
The United States has never offered universal investment accounts to children. Starting July 4, 2026, every American born between 2025 and 2028 will receive $1,000 from the Treasury Department deposited into a stock market index fund—accessible at age 18 for education, homebuying, or starting a business. Over 1 million families enrolled in the program's first week.
Updated Jan 31
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