ibm - Tech News from Simmons Systems (Page 2)

Tech News from Simmons Systems

ibm

A collection of 66 posts

OpenAI CEO Faces Congress as Lawmakers Seek AI Guardrails

OpenAI CEO Sam Altman testifies before a Senate Judiciary subcommittee as policymakers demand regulation for generative AI tools like ChatGPT. The hearing highlights growing concerns over AI misuse and the rapid investment sweeping the tech industry.

IBM Unveils Watsonx Platform to Accelerate Enterprise AI Adoption

IBM introduces Watsonx, a comprehensive AI and machine learning platform designed to help businesses train, tune, and deploy foundation models. The new suite combines pre-trained models, data storage, and governance tools into a single technology stack.

IBM Halts Hiring for Back-Office Roles Replaced by Artificial Intelligence

IBM pauses hiring for back-office positions as AI takes over routine tasks like HR and accounting. The company plans to replace roughly 7,800 jobs with automation over the next few years.

Red Hat Veteran Matt Hicks Takes CEO Reins Amid IBM Growth Push

Red Hat promotes 16-year company veteran Matt Hicks to CEO as former chief Paul Cormier moves to chairman. Hicks balances leadership stability with advancing the open-source company's significant role in IBM's ongoing growth.

Major Cloud Providers Halt New Sales in Russia Over Ukraine Invasion

Amazon, Microsoft, Google, and IBM all suspend new cloud sales in Russia in response to the ongoing war in Ukraine. Cloudflare, however, maintains its local services to keep the internet accessible.

Private Equity Firm Francisco Partners Acquires IBM's Struggling Watson Health Assets

IBM sells the data assets of its underperforming Watson Health unit to Francisco Partners for a reported $1 billion. The private equity firm plans to form a new standalone health data company while retaining the existing management team.

IBM Nears Deal to Sell Watson Health Unit to Private Equity Firm

IBM is reportedly close to selling its struggling Watson Health division to Francisco Partners. The move marks a major step back from the company's ambitious AI healthcare bets.

IBM Offloads Watson Health Division as Tech Valuations Cool

IBM sells its Watson Health unit to Francisco Partners, marking a major shift for the once-heralded AI project. The move comes amid broader market turbulence and cooling tech valuations.

Francisco Partners to Acquire IBM Watson Health Data Assets

IBM sells its healthcare data and analytics assets from the Watson Health division to investment firm Francisco Partners. The deal allows IBM to focus on its hybrid cloud and AI strategy while the acquired assets form a new standalone company.

IBM Watson Health Unveils AI Orchestration Tools for Medical Imaging

IBM Watson Health introduces two new orchestration tools to seamlessly integrate AI applications into radiology workflows. The cloud-based solutions aim to improve the radiologist reading experience while easing the IT burden.

IBM Watson Health Launches AI Orchestrator to Streamline Medical Imaging

IBM Watson Health unveils a new cloud-based AI orchestration platform to help medical imaging organizations seamlessly integrate multiple AI applications. The offering aims to simplify IT management and improve the radiologist reading experience.