The new Power11 servers aim to address the growing modernization needs in the enterprise datacenter, expanding the Power lineup to cover new use cases.

IBM surpassed a market cap of $250 billion for the first time in the company’s history on Monday and was extending gains following the Starling announcement.

Now, the company plans to invest $150 billion over the next five years, and about $30 billion of that will go to investments in mainframe and quantum computing.

International Business Machines Corporation (IBM) expects significant growth opportunities in Malaysia. The country has witnessed a recent surge in data center investments by various tech investors.

IBM (IBM) plans to invest $150B in the U.S. over the next five years to accelerate technology opportunity.

Key Points IBM's spinoff of Kyndryl in late 2021 is a big reason the stock has outperformed the market this year. Big "boring" businesses like IBM have been fashionable during the bear market of 2022.

IBM plans to replace 7,800 jobs with AI over time, pauses hiring certain positions IBM CEO Arvind Krishna says he could see 30% of back-office functions replaced by AI over 5 years.

IBM on Tuesday told employees in a roughly seven-minute meeting that it’s cutting jobs in its marketing and communications division.

IBM has confirmed plans to invest $150 billion into the US over the next five years (via Reuters), including over $30 billion dedicated to quantum computer and mainframe manufacturing expansion.

IBM’s Quantum Data Center in Poughkeepsie operates the highest number of utility-scale quantum computers at a single location in the world.

IBM plans to expand its chip business in Canada which will help in creating a bilateral semiconductor corridor between US and Canada.