IBM: AI demand boosts UK profit by more than £100m Technology Demand for IBM's AI and hybrid cloud services helped profit at its UK arm surge by more than £100m in 2023, it has been revealed.
IBM chief: London Tech Week a chance for the UK to get a lead on AI Tech Last year, London Tech Week heard from top political figures including Prime Minister Rishi Sunak and Labour leader Keir Starmer.
Tech giant IBM kicks off London legal fight with Swiss software firm Lzlabs LEGAL Tech giant IBM is kicking off its legal battle against Swiss software company Lzlabs in the English High Court today over allegations of reverse-engineering
Wimbledon: Cameron Norrie tipped to reach final by IBM AI Draw Analysis July 3, 2023 He made the semi-finals at Wimbledon last year but this year British No1 Cameron Norrie could go one better, according to AI analysis by IBM. Andy Murray could reach the second week in south-west London but Katie Boulter faces a difficult route to the latter stages, the tech giant says. Norrie begins his campaign at [...]
IBM finds the cost of training could scupper UK’s drive to become a ‘science superpower’ February 14, 2023 The cost of training for a scientific or technology-related career is seen as the number one concern of UK students, job applicants and career changers, a survey commissioned by IBM has revealed. IBM found that job seekers who were eyeing up roles in science and tech areas saw the necessary training as unaffordable. The global [...]
IBM could replace almost 8,000 jobs with AI, boss says as it expects hiring slowdown May 2, 2023 Artificial intelligence could replace 7,800 jobs at the technology giant, International Business Machines Corporation (IBM), according to its chief executive. Arvind Krishna told Bloomberg News on Monday that the company expected to pause hiring for non-customer facing roles, such as human resources. “I could easily see 30 per cent of that getting replaced by AI [...]
IBM Security Report: UK businesses face £3.4m data breach costs but AI could help July 24, 2023 UK organisations face an average cost of £3.4m for data breach incidents but AI could reduce these costs by £1.6m on average, a report by IBM Security has revealed. Their annual Cost of a Data Breach Report showed a decrease in the total average cost of a data breach in the UK from £3.8m in [...]
Over 6,000 more jobs cut as IBM and SAP follow tech giants in mass layoffs January 26, 2023 Tech firms IBM and SAP have today both announced mass layoffs set to affect over 6,000 jobs, joining the tech downturn of 2023. IBM Corp, an American multinational technology corporation, today announced 3,900 layoffs while European tech firm SAP said it planned to cut 3,000 staff. News of the layoff sent IBM’s share price two [...]
Hedera to host five days of events at Davos with POLITICO, will.i.am, Starling Labs and IBM January 14, 2023 Decentralised network Hedera has announced its agenda for Hedera Haus at Davos 2023, coinciding with this year’s World Economic Forum (WEF).
Private sector must ‘be bolder’ on tech to give UK inc. an edge, says IBM chief November 2, 2022 The UK private sector must take more bets on technology if it is to compete with its European neighbours. Speaking to City A.M., the UK & Ireland chief executive of American tech giant IBM, Sreeram Visvanathan, urged businesses to “be bolder” and “find niches” to give UK inc. an edge above other markets. “We can’t [...]