AI Prospecting for International Business Machines

IBM announced the opening of its second quantum data center, located outside the U.S., marking a significant expansion of its quantum systems available globally via the cloud. The company also unveiled NVIDIA H100s Tensor Core GPU instances on IBM Cloud and signed the European Commission’s AI Pact to promote best practices for high-risk AI[1].

IBM announced strong second-quarter 2024 earnings, exceeding expectations with growth in revenue and free cash flow, driven by enterprise AI and a growing book of business for generative AI, now over $2 billion since the launch of watsonx. The company is raising its full-year free cash flow expectation to over $12 billion[1][2]. IBM also unveiled new updates to its watsonx platform, focusing on open-source, product, and ecosystem innovations to make AI more open, cost-effective, and flexible for businesses, highlighting plans to invest in and contribute to the open-source AI community[2]. Additionally, IBM is collaborating with ABBYY at the AI Summit New York 2024, showcasing the integration of IBM watsonx and ABBYY Vantage to automate business processes, such as document processing for a quick-service restaurant franchise[3].

IBM has been named a leader in the 2024 Forrester Wave™ for Cloud Cost Management and Optimization (CCMO) through its IBM Cloudability, a part of Apptio, an IBM company[1]. IBM is also enhancing its mainframe storage with the new IBM DS8000, designed to support next-generation workloads for large enterprises in sectors like finance, banking, and government[1]. Additionally, IBM announced a new Digital Policy Agenda for EU policymakers, outlining key policy recommendations for the European Union’s new institutional mandate[1].