IBM Closes Algorithmics Acquisition For $380.2 Million

IBM has closed its acquisition of Algorithmics.  Algorithmics provides software and services for improved business insights at banks and investment and insurance organizations to assess risk and address regulatory challenges. The acquisition expands IBM’s business analytics capabilities in the area of financial risk. The purchase price is $380.2 million.



Just in

Best Buy to implement generative AI working with Accenture, Google

Best Buy, in collaboration with Google Cloud and Accenture, has announced plans to deploy generative AI (gen AI) to enhance customer support services and assist employees.  

Intel introduces Gaudi 3 AI accelerator: Going bigger and aiming higher in AI market — AnandTech

The latest iteration of Gaudi will be launching in the third quarter of 2024, and Intel is already shipping samples to customers now, writes Ryan Smith.

Google unveils custom Arm-based chips, following similar efforts at rivals Amazon and Microsoft — CNBC

Google is launching a custom-built Arm-based server chip that will become available later in 2024, according to the report.