Keyword: ibm
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IBM’s CEO Arvind Krishna has stated that replacing human resources (HR) staff with artificial intelligence (AI) tools has not led to job losses overall—in fact, it has enabled the company to expand hiring in more strategic and revenue-generating roles such as programming and sales. Speaking to The Wall Street Journal, Krishna explained that IBM’s internal use of AI and automation allowed it to restructure certain enterprise functions, starting with HR. By deploying AI bots capable of analysing data, conducting research and generating routine communications, the company reduced its reliance on traditional HR personnel—eliminating a few hundred roles. However, the savings...
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IBM will invest $150 billion in the US, including on facilities for quantum computer production, over the next five years, the latest American technology company to back the Trump administration’s push for local manufacturing. The company’s announcement on Monday follows similar pledges by tech giants such as Nvidia and Apple, both of which have said they would spend about $500 billion each in the country over the next four years. Several analysts see the spending commitments as overtures to President Trump, whose tariffs threaten to roil supply chains and raise costs for the technology industry. IBM, also a significant government...
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IBM, one of the nation’s largest technology employers, announced Monday that it plans to invest $150 billion in the United States over the next five years, adding that the company is “focused on American jobs and manufacturing.” IBM revealed in a Monday press release that it “plans to invest $150 billion in America over the next five years to fuel the economy and to accelerate its role as the global leader in computing.” “This includes an investment of more than $30 billion in research and development to advance and continue IBM’s American manufacturing of mainframe and quantum computers,” the company...
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It’s 2026. You just bought a new laptop, and unlike your last one, this device is an “AI PC.” The distinction means you can now run all the latest AI applications directly on your device without draining your battery, keeping your data private and secure. AI PCs If you stopped by a Sears circa 1960 to buy a television, the sales clerk’s first question for you would’ve been, “Color or black and white?” Only after hearing the answer could they help you find the television that was right for you. Today’s computer buyers are facing their own fork in the...
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Joe Biden’s final act of shamelessness was pardoning his entire crime family in the final hours of his presidency. There’s a mountain of corruption that’s yet to be fully revealed. On the weaponization of government front, you’d think the sustained lawfare launched against President Donald Trump from the Department of Justice was evidence enough. Pro-life activists and the January 6 defendants also being ensnared by the Biden DOJ’s extralegal crusade on political dissidents. That’s only the tip of the iceberg. The Media Research Center found not one, not ten, but 57 anti-free speech and censorship initiatives aimed at chipping away...
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US computing giant International Business Machines intends to disband its research and development division in China, affecting more than 1,000 employees. The move will impact the IBM China Development Lab and IBM China System Lab, the local arm of the New York-based company told Yicai today, adding that the firm will compensate all of the staff who lose their jobs. China was once IBM's most well-established regional market outside of the United States, and the R&D division’s shuttering marks a significant turning point in the firm’s 40 years in China. IBM shut its China Research Lab in January 2021, whose...
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The IBM 3380 Direct Access Storage Device (DASD) marked the pinnacle of 14-inch disks in 1981. Utilizing nine platters, it broke the 1 gigabyte barrier with a total capacity of 1,260 MB and ultimately reached 2.52 GB when two HDAs were paired. A three-capacity version was offered in 1987. The IBM 3380 was revolutionary not just for its storage capacity but also for its impact on the data storage industry. It represented a significant leap in technology, providing businesses with unprecedented storage capabilities that were essential for the growing demands of data processing in the 1980s. One HDA (as pictured)...
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Nazi Germany wasn’t the first nation to be enamored with racial purity and a master race. It was America. Proponents of eugenics gained immense influence here in the early 20th century. They hoped to incarcerate millions of “unfit” Americans in colonies, forbid them from marrying, or forcibly sterilize them so that, within several generations, only white Nordics would remain. For them, this was ultimately a global enterprise. Historian and prolific author Edwin Black chronicles this dark phase of American history in his extensively researched book War Against the Weak: Eugenics and America’s Campaign to Create a Master Race. He charts...
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437 AAPL +0.41% TSLA +2.12% IBM +1.07% META -0.40% Super Bowl 2024: The big business behind the big gameScroll back up to restore default view. Dylan Croll Dylan Croll·Markets Reporter Sat, February 10, 2024 at 10:10 AM EST·7 min read In this article: AAPL +0.41% Watchlist Watchlist Recommendation Rating Buy TSLA +2.12% IBM +1.07% META -0.40% Once upon a time, believe it or not, no one particularly looked forward to Super Bowl ads. That all changed when Washington faced Los Angeles on Jan. 22, 1984, in Tampa, Fla. Those who tuned in to the big game on CBS — and...
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IBM Consulting this week told its US-based executives and people managers that, effective immediately, they must work from a corporate office at least three days per week, or face the consequences.John Granger, SVP of IBM Consulting, told staff in an email this is a company-wide policy that extends beyond the Consulting division. He issued a similar, if less emphatic, memo in 2022 that called for being in the workplace three days per week, "wherever possible," and exempted those designated as "work-at-home" employees from the office or client-site attendance.The email sent this week, however, tells those affected that they should "separate...
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IBM is in hot water due to its discriminatory hiring practices. No, they’re not discriminating against blacks or Hispanics; they’re taking part in the popular new craze of treating whites and Asians like second-class citizens and denying them basic rights based on the color of their skin. This is the United States, and these actions are supposed to be illegal here. That’s why America First Legal, a group started by Trump loyalist Stephen Miller, is now suing IBM for racially discriminating against white and Asian Americans and for promising to fire, demote, or deny bonuses to corporate executives who fail...
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VIDEOUPDATE: A source from inside IBM and Red Hat has just given us INTERNAL SLACK MESSAGES that reveal employee response to our reporting. According to one IBM / Ret Hat employee, “The truth is, it’s his fault (James O'Keefe's) that we are even having this conversation. We all made zero stink about this until the 'super mega awesome leaked IBM exec video'.“ Clearly, this is striking a nerve both inside and outside the tech giant.
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O’Keefe Media Group on Monday evening released a leaked video of IBM CEO Arvind Krishna admitting to using coercion to fire people and take away their bonuses unless they discriminate in the hiring process... IBM, or International Business Machines, is a multinational technology company that specializes in producing and selling computer hardware, middleware, and software. “You got to move both forward by a percentage that leads to a plus on your bonus,” Krishna said about hiring Hispanics, “and by the way if you lose, you lose part of your bonus.” James O’Keege pointed out that after pulling ads from X...
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CEO of IBM Arvind Krishna admits to using coercion to fire people and take away their bonuses unless they discriminate in the hiring process. “You got to move both forward by a percentage that leads to a plus on your bonus," Krishna said about hiring Hispanics, "and by the way if you lose, you lose part of your bonus.” After pulling ads from X for 'racism,' IBM chief Arvind Krishna says he will fire, demote or strip bonuses from execs who don't hire enough blacks, Hispanics — or hire too many Asians "Asians are not an underrepresented minority in tech...
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IBM Corp. has abruptly pulled ads from X, formerly Twitter, amid a maelstrom of controversial comments from billionaire owner Elon Musk and the placement of IBM ads. “IBM has zero tolerance for hate speech and discrimination and we have immediately suspended all advertising on X while we investigate this entirely unacceptable situation,” the company said in a statement emailed to MarketWatch. IBM suspended advertising following a report by the Financial Times on Thursday that IBM ads appeared next to posts supporting Adolf Hitler and the Nazi Party. A Media Matters study also found ads from Apple Inc., Oracle Corp., and...
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IBM is set to shake up its retirement benefits in 2024 much to the alarm of at least some staff. The IT giant on Wednesday informed its US workers that starting on January 1, 2024, the corporation will no longer match employee contributions to their 401(k) retirement plans. Instead, it will offer a new benefit called a Retirement Benefit Account (RBA).
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Technology company International Business Machines (IBM) sponsors at least two discriminatory paid internship opportunities, one that bars white and Asian applicants, and another that is only for women, with an exception for men who identify as women. The two paid internships are held in conjunction with the American Physical Society (APS), a nonprofit organization that says it is “working to advance and diffuse the knowledge of physics through its outstanding research journals, scientific meetings, and education, outreach, advocacy, and international activities.” “Applicants must be female, including all students who present or identify as women and/or trans women,” the eligibility requirements...
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IBM said Tuesday it’s selling its weather unit, including The Weather Channel, Weather.com, Weather Underground and Storm Radar. IBM will sell the assets to Francisco Partners, a tech-focused private equity firm, for an undisclosed sum. The deal also includes the weather unit’s forecasting science and tech platform, as well as enterprise data services for the broadcast, media, aviation and ad tech industries. Francisco Partners plans to pivot part of the weather business to be more consumer-facing, adding new tools for users related to health and well-being, per the announcement. As part of the deal, IBM will retain access to the...
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IBM CEO Arvind Krishna announced a hiring pause, but that’s not all. He also stated the company plans to replace nearly 8,000 jobs with AI. Krishna noted that back-office functions, specifically in the human resources (HR) sector, will be the first to face these changes. The transition will happen gradually over the next few years, with machines potentially taking over up to 30% of noncustomer-facing roles in the five years. This means that workers in finance, accounting, HR and other areas will likely find themselves facing stiff competition from robots and algorithms. The decision highlights the increasing reliance on automation...
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One month ago, to much dismay and widespread denial, Goldman predicted that AI could lead to some 300 million layoffs among highly paid, non-menial workers in the US and Europe. As Goldman chief economist Jan Hatzius put it, "using data on occupational tasks in both the US and Europe, we find that roughly two-thirds of current jobs are exposed to some degree of AI automation, and that generative AI could substitute up to one-fourth of current work. Extrapolating our estimates globally suggests that generative AI could expose the equivalent of 300 million full-time jobs to automation" as up to "two...
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