IBM’s Confluent Acquisition Is About Event-Driven AI

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IBM is no stranger to AI, given its long history with its AI Watson project and countless other efforts. But today’s AI hits different.

On Monday, IBM announced that it had begun the process of acquiring streaming data platform Confluent for US $11 billion, or $31 per share, chiefly for what it could bring enterprises in terms of supporting generative AI (GenAI).

Today, enterprise data “is spread across public and private clouds, data centers and countless technology providers,” said IBM Chairman, President and CEO Arvind Krishna, in an…



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IBM’s Confluent Acquisition Is About Event-Driven AI


IBM is no stranger to AI, given its long history with its AI Watson project and countless other efforts. But today’s AI hits different.

On Monday, IBM announced that it had begun the process of acquiring streaming data platform Confluent for US $11 billion, or $31 per share, chiefly for what it could bring enterprises in terms of supporting generative AI (GenAI).

Today, enterprise data “is spread across public and private clouds, data centers and countless technology providers,” said IBM Chairman, President and CEO Arvind Krishna, in an…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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