Technology and Consulting Corporation
Appears in 5 stories
IBM is the world's dominant mainframe vendor and a major provider of consulting services for modernizing the COBOL systems that run on its hardware—the exact work Anthropic's new tool targets. - Stock down ~33% in February 2026; defending mainframe and consulting business
An estimated 220 billion lines of COBOL code still run in production every day, processing 95% of ATM transactions and roughly $3 trillion in daily commerce. For decades, understanding and modernizing that code has required large teams of specialized consultants working for months or years. On February 23, Anthropic published a playbook showing how its Claude Code tool can automate the most labor-intensive phases of that work—mapping dependencies, documenting workflows, and identifying risks across thousands of files—and IBM shares immediately fell 13.2%, their worst single-day drop in more than 25 years.
Updated 5 days ago
Technology company that developed TrueNorth neuromorphic chip under DARPA funding. - Pioneered neuromorphic computing with TrueNorth and NorthPole chips
For decades, simulating the physics of airplane wings, nuclear weapons, or weather systems required warehouse-sized supercomputers consuming megawatts of power. Researchers at Sandia National Laboratories have now demonstrated that brain-inspired neuromorphic chips can solve these same equations—the partial differential equations underlying nearly all physics simulations—with a fraction of the energy.
Updated Feb 14
Technology and consulting company supporting Trump Accounts program. - Committed to Trump Accounts contributions
The United States has never offered universal investment accounts to children. Starting July 4, 2026, every American born between 2025 and 2028 will receive $1,000 from the Treasury Department deposited into a stock market index fund—accessible at age 18 for education, homebuying, or starting a business. Over 1 million families enrolled in the program's first week.
Updated Jan 31
IBM is a global technology company that has been repositioning itself from legacy hardware and services toward hybrid cloud infrastructure, AI platforms, and enterprise software. - Strategic acquirer building a hybrid cloud and AI platform via M&A
IBM has agreed to acquire Confluent, the data‑streaming company built around Apache Kafka, in an all‑cash deal valuing Confluent at about $11 billion, or $31 per share—a roughly 34% premium to its last close. IBM says Confluent’s real‑time event streaming and governance capabilities will anchor a new “smart data platform” that connects, cleans, and orchestrates data across hybrid clouds for generative and agentic AI applications, positioning IBM not just as an AI model provider but as the owner of the data plumbing that makes enterprise AI work.
Updated Dec 11, 2025
IBM is a global technology and consulting company focusing on hybrid cloud, AI, and enterprise services. Through IBM Consulting and its watsonx AI platform, it is the principal architect of Riyadh Air’s AI-native operating model. - Lead technology partner and systems integrator for Riyadh Air’s AI-native architecture
Saudi Arabia’s startup flag carrier Riyadh Air has positioned itself as what IBM and the airline call the world’s first “AI-native” airline—an enterprise designed from day one around AI-driven, cloud-based systems rather than retrofitted legacy IT. Launched in March 2023 as part of the Kingdom’s Vision 2030 strategy, Riyadh Air has ordered large fleets from Boeing and Airbus and aims to connect over 100 destinations by 2030, serving millions of travelers through Riyadh’s planned mega-hub.
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