Latest International Business Machines Corp News

White House wades into debate on 'open' versus 'closed' artificial intelligence systems

Feb. 21, 2024 11:14 AM EST

The Biden administration is wading into a contentious debate about whether the most powerful artificial intelligence systems should be “open-source” or closed. The White House said Wednesday it is seeking public comment on the risks and benefits of having an AI system's key...

Quick-moving winter storm brings snow to Northeast, disrupting travel and schools

Feb. 13, 2024 19:05 PM EST

HARTFORD, Conn. (AP) — A quick-moving winter storm battered cities in the Northeast with snowfall, sending huge waves crashing into the New England coastline and forcing New York City schools into glitch-filled remote learning reminiscent of the early days of the pandemic. Airlines...

Stock market today: Asian shares mostly fall despite solid signs of U.S. growth

Jan. 25, 2024 23:29 PM EST

TOKYO (AP) — Asian shares were mostly lower on Friday despite upbeat news on the U.S. economy, with Japan's benchmark falling after the latest data showed inflation has been slowing faster than expected. Tokyo's Nikkei 225 declined 1.1% to 35,847.71 in morning trading as a key...

How major US stock indexes fared Thursday, 1/25/2024

Jan. 25, 2024 16:24 PM EST

U.S. stocks closed higher following signals that the economy is growing more powerfully than economists expected. The S&P 500 rose 0.5% Thursday, setting another record high. The Dow Jones Industrial Average rose 0.6%, and the Nasdaq composite edged up 0.2%. IBM...

IBM, Lam Research rise; Tesla, Humana fall, Thursday, 1/25/2024

Jan. 25, 2024 16:13 PM EST

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Thursday: Tesla Inc., down $25.20 to $182.63. The electric vehicle maker reported disappointing fourth-quarter earnings and warned of “notably lower” sales growth this year. ...

IBM: Q4 Earnings Snapshot

Jan. 24, 2024 16:19 PM EST

ARMONK, N.Y. (AP) — ARMONK, N.Y. (AP) — International Business Machines Corp. (IBM) on Wednesday reported fourth-quarter net income of $3.29 billion. The Armonk, New York-based company said it had profit of $3.55 per share. Earnings, adjusted for one-time gains and costs, were...

New York pledges $1B on chip research and development in Albany in bid for jobs, federal grants

Dec. 11, 2023 17:06 PM EST

ALBANY, N.Y. (AP) — New York state will spend $1 billion to expand research into chip technology in Albany, the state's capital, with the goal of turning the region into a global center of semiconductor research and manufacturing, Gov. Kathy Hochul announced Monday. She said the...

AI's future could be 'open-source' or closed. Tech giants are divided as they lobby regulators

Dec. 05, 2023 09:56 AM EST

Tech leaders have been vocal proponents of the need to regulate artificial intelligence, but they’re also lobbying hard to make sure the new rules work in their favor. That's not to say they all want the same thing. Facebook parent Meta and IBM on Tuesday launched a...

X says Walmart pulled ads in October, weeks before Media Matters hate speech report and Musk rant

Dec. 01, 2023 17:52 PM EST

Walmart is the latest company to publicly join the growing flock of major advertisers to pull spending from X, Elon Musk’s beleaguered social media company, amid concerns about hate speech — as well as reaching a sizeable audience on the platform. “We aren’t advertising on X...