The Latest Breaking News from IBM

Starbucks Builds Sovereign AI to Cut $400 Million in Software Costs

Starbucks (SBUX) is building internal AI tools to replace Microsoft and IBM software, targeting $400 million in annual vendor spend and cutting $30 million from its tech budget.

MarketBeat · Jul 11

Starbucks taps tech's wonder kid and serves Microsoft, IBM a cold brew

Starbucks is developing artificial intelligence tools internally to replace existing software. These new applications could replace systems currently bought from Microsoft and IBM. The coffee chain aims to reduce significant annual spending on software licenses. Some of these AI-powered tools may be implemented by the end of next year. This…

The Economic Times · Jul 10

Stocks Settle Higher as Chipmakers Rally and Crude Prices Fall

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.81%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.27%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.62%. September E-mini S&P futures (ESU26 ) rose +0.82%, and September E-mini Nasdaq futures...

Barchart · Jul 9

750 million fans and 2.7 million data points: How IBM’s AI powers Wimbledon from hidden ‘Court 19’

The tennis tournament has become a proving ground for IBM’s tech and is helping business executives overcome their AI fears.

Fortune · Jul 9

American giants warn higher tariffs on India & others may backfire on US' manufacturing

Several major US companies, including Intel, IBM, Dell, Honeywell Aerospace, Ford, GE Appliances and De Beers, have urged the US Trade Representative (USTR) to reconsider its proposal to impose additional tariffs of up to 12.5% on imports from 60 countries, including India.

The Economic Times · Jul 8

Unix copyright code infringement lawsuit is back from the dead — IBM still under fire from Xinuos over 2003-era bytes

Unix copyright code infringement back from the dead — IBM is still under fire from Xinuos about 2003-era bytes, with a hearing as recent as June 22.

Tom’s Hardware · Jul 7

Dear IBM Stock Fans, Mark Your Calendars for July 22

IBM's upcoming Q2 earnings print could offer fresh insight into whether its AI-driven growth strategy continues to fuel revenue and margins.

Barchart · Jul 6

The Great AI Layoff Didn't Go As Planned: Employers Are Rehiring Staff

Companies are reversing AI-driven layoffs as expected cost savings and efficiency gains fail to materialise, leading to rehiring and a renewed focus on human expertise.

International Business Times UK · Jul 3

AI Layoffs Backfire as 32% of Bosses Rehire Roles They Thought Robots Could Do

Major companies like Ford, IBM, and Commonwealth Bank are reversing AI-driven job cuts and rehiring staff. Learn about the growing trend of integrating human expertise with AI for improved business outcomes.

International Business Times UK · Jul 2

Companies Cut Jobs for AI Efficiency Gains. Many Are Now Bringing Them Back.

Surveys show a rising number of employers are rehiring staff after discovering AI systems still require human oversight and intervention.

International Business Times · Jul 1