IBM Aims to Accelerate AI Implementation With new z17 Mainframes – Acquisition of Hakkoda Complements AI Consulting Business!

IBM recently recorded record contract wins in its consulting business and is strengthening itself with the acquisition of Hakkoda. New z17 mainframes are designed to facilitate secure and efficient AI implementation for companies. The predecessor model is surpassed by 50% with 450 billion processed inference operations daily. In the 4th quarter, a strong consulting and software business impressed with AI bookings of $2 billion. Growth is expected to accelerate to at least 5% this year. The stock is stabilizing at the 200-day MA and is...