Apple is on the verge of hitting $US2 trillion in market value after the company reported strong second quarter earnings and announced a 4-for-1 stock split. Chris Verrone, head of technical and macro strategy at Strategas Research Partners, highlighted two charts that help investors wrap their heads around how big […]
Tech valuations have “hit a wall” after recent earnings, Jefferies analyst Brent Thill wrote in a Monday note. That means that in the near term, investors should be patient and “take a mini time out,” according to the note. Still, fundamentals in the sector remain strong, and will drive growth […]
US stocks rose on Tuesday as investors reacted to historic economic stimulus in Europe. The European Union on Tuesday agreed to a historic 750 billion-euro ($US860 billion) stimulus package to aid the region’s economic recovery from the shock of the coronavirus pandemic. Technology stocks continued to rally a day after […]
Hello and welcome back to Trending, Business Insider’s weekly look at the world of tech. I’m Alexei Oreskovic, Business Insider’s West Coast Bureau Chief and Global Tech Editor. If you want to get Trending in your email inbox every Wednesday,just click here. This week: Tech’s “surge” of goodbyes and Facebook’s […]
In Detroit, where facial-recognition software is used in police investigations, the software fails “96% of the time,” Detroit Police Chief James Craig said. Craig said as much during a public meeting on Monday,Vice reported. “If we were just to use the technology by itself, to identify someone, I would say […]
A Montreal-based creator modeled a miniature replica of IBM’s iconic 1401 computer system. Nicolas Temese told Business Insider that the scale model includes everything from the setup at the time: a punchcard reader, tape drives, a query console, a central unit, and a line printer. Temese said his model is […]
Democratic lawmakers have introduced a bill that would ban the use of facial recognition technology by federal law enforcement, as reported by Vice on Thursday. The proposed bill would “prohibit biometric surveillance” unless a federal law is passed with extensive regulations around its use, and makes federal funding for local […]
IBM, Amazon, and Microsoft have all committed to not sell facial recognition to law enforcement at least temporarily. While activists have been campaigning for the companies to do this for years, the Black Lives Matter movement appears to have tipped the scale. As facial recognition becomes more widely used to […]
Amazon announced on Wednesday it is putting a one-year suspension on sales of its facial recognition software Rekognition to law enforcement. AI experts and civil rights activists have been campaigning for Amazon to halt the sale of Rekognition to law enforcement for years. The ACLU said a one-year suspension is […]
IBM announced on Monday it would stop selling “general purpose IBM facial recognition or analysis software” and called for a “national dialogue” around the issue of whether facial recognition software should be used by law enforcement. The increasing use of facial recognition by law enforcement and government agencies both in […]
Hello and welcome back to Trending, Business Insider’s weekly look at the world of tech. I’m Alexei Oreskovic, Business Insider’s West Coast Bureau Chief and Global Tech Editor. If you want to get Trending in your email inbox every Wednesday,just click here. This week: Tech is celebrating the great reopening […]
IBM CEO Arvind Krishna said the tech giant will no longer offer facial recognition software and said there should be a “national dialogue” on the technology’s use in law enforcement. Krishna announced the change in a letter to members of the US Congress, including Senators Cory Booker and Kamala Harris, […]
The coronavirus pandemic has forced millions of workers out of office spaces and into their homes, but 54% of workers polled in a new survey say they would prefer to continue working remotely full time. IBM conducted a survey among 25,000 people to gauge how perspectives about work, transportation, and […]
The Trump administration hinted this week that it may clamp down on temporary work visas for foreign employees, a move that would thwart their career plans and also narrow a significant hiring pipeline for Silicon Valley tech companies. Trump kept that option on the table as he imposed a 60-day […]
IBM is testing an opt-in mobile app in India that will track employees’ locations to help monitor the spread of the coronavirus, Protocol reported Thursday. The app will identify and notify employees who might have “come in close contact with a person affected in the last 14 days,” a spokesperson […]
Shares of IBM fell more than 5% in early Tuesday trading after the company missed revenue estimates for its fiscal first quarter. The cloud technology company beat earnings estimates but missed revenue estimates and withdrew its full-year guidance, citing weakness in the macro economy due to the coronavirus pandemic. This […]
So far, blended quarterly earnings declined 14.5% in the first quarter with 9% of S&P 500 companies reporting, according to a Friday note from John Butters, a senior earnings analyst at FactSet. If earnings do decline 14.5% this quarter, it will be the largest fall since the 15.7% drop in […]
IBM and its subsidiary, The Weather Channel, have rolled out new tools that track the spread of COVID-19. The maps runs on IBM’s Watson, combining data from the World Health Organisation with reported data at the state and county level to show a detailed breakdown of coronavirus cases across the […]
A new study of automated voice recognition systems from Amazon, Apple, Google, IBM, and Microsoft found that they have higher error rates when transcribing black people’s voices than white people’s. Previous studies have shown that AI systems like facial recognition develop racial bias when trained on data sets of primarily […]
The spread of the coronavirus is projected to impact millions of jobs worldwide. Over six months, more than 60 million Americans have filed for unemployment insurance – that’s more than the number of claims filed during the 18-month Great Recession. The travel and hospitality industries have taken a significant hit. […]
The coronavirus disease, known as COVID-19, is forcing tech companies to adapt as remote work and suspended travel become realities. Some of the biggest tech conferences of the year are being cancelled as well, as companies heed the CDC’s advice to “modify, postpone or cancel mass gatherings.” Facebook’s F8 conference, […]
IBM has cancelled its biggest developer conference of the year over coronavirus concerns. IBM Think was set to be held in San Francisco in May, but it will instead it will hold a digital event. IBM also placed restrictions on employee travel, including limits on domestic work travel and a […]
The Vatican called for stronger regulation of the use of artificial intelligence in a plan announced on Friday, Reuters first reported. The document also said AI tools should work fairly, transparently, reliably, and with respect for human life and the environment. Microsoft and IBM joined Pope Francis in endorsing the […]
On Monday, Business Insider’s Paayal Zaveri exclusively reported that IBM would roll out Slack to all 350,000 of its employees around the world. Slack surged as much as 21% Monday. IBM is now Slack’s largest customer ever. Watch Slack trade live on Markets Insider. Slack just landed a huge account, […]
Ginni Rometty is leaving the role of IBM CEO, the company said. She’ll be replaced by Arvind Krishna, IBM’s senior vice president of cloud, on April 6. Jim Whitehurst, the CEO of Red Hat – which IBM acquired last year in a $US34 billion megadeal – will become IBM’s president […]
Samsung is among the most inventive companies in the world after topping a US patent list compiled by data journalism site Sqoop. The study ranked companies on three metrics: number of utility patent grants applied for; number of utility patent applications granted; and number of design patents published by the […]
The tech industry has evolved dramatically over the past decade as new brands have taken over. Microsoft and Apple have stayed on top, but household names like Google, Amazon, and Facebook weren’t even among the top 10 companies in 2010. In 2010, most of the largest firms were enterprise companies […]
On Tuesday at the Amazon Web Services re:Invent conference, AWS CEO Andy Jassy made a jab at IBM and Oracle. Jassy presented a slide of a moving truck with Amazon Prime boxes inside, while a box labelled “Oracle” and an IBM mainframe were left behind in the driveway of the […]
These massive companies made millions – in some cases, billions – in profits in 2018, but didn’t pay a dime in federal income taxes. Tax cuts passed by the Trump administration in 2017 have made it much easier for the big corporations like Amazon,IBM, and Netflix avoid paying income taxes. […]
The Nazca Lines are mysterious ancient images carved into the sands of Peru’s Nazca Desert, some of which are over 2,000 years old. Although archaeologists have been studying them for over a hundred years, new images are still being discovered which have been obscured over the millennia. Researchers from Yamagata […]
Thanks to leaps and bounds in the field of artificial intelligence in the past decade, robots are increasingly beating humans at our own games. AI-powered programs have proven their prowess at competitive games and academic tests alike throughout the past 10 years. Many advances in AI can’t be quantified with […]
Trump ordered former Defence Secretary James Mattis to “screw Amazon” out of a lucrative government cloud contract, former Defence communications director Guy Snodgrass alleges in a new book, according to a preview from Task & Purpose. The revelations in Snodgrass’s book, “Holding The Line: Inside Trump’s Pentagon with Secretary Mattis,” […]
Google believes quantum computing could eventually be used to solve large-scale problems that “would otherwise be impossible,” an engineer in the company’s quantum research lab recently said to The Financial Times. The comments come after Google announced a breakthrough in quantum computing on Wednesday – a field that enables computers […]
IBM launched its P-TECH high school model in Brooklyn in 2011. The school offers all students the ability to receive a high school diploma and associate’s degree within six years, as well as a shot at an IBM job. It has partnered with more than 600 businesses (like American Airlines […]
In a Tuesday press release, the White House announced it would relaunch the council of science and technology advisors to the president. The council has not existed since Trump took office in 2017. Like President Obama’s selections, this council has few tech executives, but it does not have any tech […]
This week kicks off third-quarter earnings season, with major US companies revealing how trade war pressures, recession warnings, and interest-rate cuts affected their earnings and future sentiments. Banks and brokerages make up most of the mid-October reports, with JPMorgan Chase, Wells Fargo, and Goldman Sachs scheduled to release their figures […]
IBM was once the undisputed star of enterprise tech – the company that sold the hardware and software running many of the business world’s computer networks. But Big Blue has found itself falling behind in the cloud, where even the largest of companies are shifting some or all of their […]
Hello, Welcome to Trending, the weekly newsletter highlighting the best of BI Prime’s tech coverage. This is Alexei Oreskovic, Business Insider’s West Coast Bureau Chief and Global Tech Editor. If you’re not already subscribed to the newsletter, you can sign up here. This week: SoftBank’s Silicon Valley empire is feeling […]
Brands aren’t immune to having skeletons in their proverbial closets. Many of these controversial pasts date back to World War II and the Holocaust. A number of well-known and popular brands were directly involved in supporting the Nazi war effort. Visit Business Insider’s homepage for more stories. 2019 brought about […]
Hello, This is Alexei Oreskovic, Business Insider’s Global Tech Editor and West Coast Bureau Chief. Starting today I’ll be sending a new weekly newsletter – “Trending” – dedicated to Business Insider Prime’s tech coverage. Whether you work in Silicon Valley or compete with its denizens, our mission is to give […]
Gabriela de Queiroz, senior engineering and data science manager at IBM, leads a team of data scientists and software engineers to contribute to open source artificial intelligence projects. Outside of her day job, she is the co-founder of R-Ladies, a worldwide group that teaches women how to program in R […]
IBM reportedly axed as many as 100,000 employees in the last few years because it wanted to appear “cool” and “trendy” like Amazon or Google, Bloomberg reported Wednesday. IBM has been hit by several age discrimination suits filed by former employees. Asked about the accusation, the company said IBM has […]
Creating a strong password that is easy to remember but difficult to guess can be tricky. That’s why IBM’s Etay Maor suggests using a lengthy phrase as your password rather than a random string of numbers. Since a phrase is notably longer than the typical password, it would be much […]
Hello! Welcome to the Advertising and Media Insider newsletter, our weekly roundup of all the big stories we’ve been covering. It’s looking to be a quiet holiday week, so it’s a good time to get caught up on everything you might’ve missed. First, IBM’s spinoff of its marketing cloud business […]
On Wednesday, Red Hat unveiled its new logo – an update from its previous “Shadowman” logo, which has been associated with the software company since 1997. Red Hat says that some users thought the old logo looked “secretive,” sinister,” and “sneaky.” The new logo comes as Red Hat looks to […]
IBM reported Q1 earnings results after Tuesday’s market close, reporting a quarterly revenue of $US18.18 billion, missing Wall Street expectations. Its revenue was down 4.7% from this time last year, marking the third straight quarter of declining revenue. After hours, IBM stock slid 3%. Visit BusinessInsider.com for more stories. IBM […]
Four former IBM employees have sued IBM, hiring a class-action law firm famous for winning big cases. They are alleging that IBM engaged in a ‘massive scheme to cover up discriminatory layoff of over 20,000 older workers in knowing violation of disclosure requirements.” IBM says it isn’t worried about the […]
IBM’s job application site featured a drop-down menu in which applicants had to list their ethnicity, and options included “yellow” and “mulatto.” The Register reported on the menu after being tipped off by an engineer applying for a position at the company, while a separate applicant posted a video of […]
IBM CEO Ginni Rometty says IBM will become the biggest player in a new cloud computing market that she says will be worth $US1 trillion. That market is called hybrid computing – the term for the combination of data center and cloud computing infrastructure, which is appealing especially to the […]
Bill Gates is currently the world’s second richest person with an estimated net worth of over $US96 billion. In 1975, childhood friends Bill Gates and Paul Allen founded Microsoft and went on to create the operating system for IBM’s first personal computer. Although Gates loves his luxury vehicles, he says […]
IBM beat on both the top and bottom lines and posted its first annual revenue growth since 2011. Shares spiked more than 7% following the report. RBC Capital Markets analysts raised their price target. Watch IBM trade live. IBM was up more than 7% early Wednesday to more than $US131 […]
IBM CEO Ginni Rometty said at the World Economic Forum’s 2019 annual meeting in Davos, Switzerland, that the most pressing issue of the “Fourth Industrial Revolution” is the “skills crisis” that would leave workers behind. She said in-demand “new-collar jobs” won’t require a four-year degree, and that IBM has had […]
IBM’s stock rose as high as 7% on Tuesday after announcing earnings that beat Wall Street expectations on the top and bottom lines. IBM also posted positive revenue growth in 2018 – the first time it’s done so since 2017. Its quarterly revenue slipped some 3% from this time last […]
The bid for the Joint Enterprise Defence Infrastructure (JEDI) contract, a $US10 billion cloud contract with the Pentagon that cloud giants are competing for, might potentially be delayed because of the government shutdown, some analysts say. Since the Department of Defence wasn’t closed from the shutdown, there won’t be a […]
IBM unveiled the IBM Q System One on Tuesday, billed as the world’s first quantum computer that businesses will be able to buy and use. Previously, quantum computers have been confined to research labs – Microsoft, Google, IBM, and lots of others have been racing to bring a viable quantum […]
Bloomberg reports that there’s a dossier going around Washington, D.C. saying that Amazon and Pentagon officials engaged in activities that allowed Amazon to unfairly have an edge in the bidding for a $US10 billion cloud contract with the Pentagon. That contract is for a project called Joint Enterprise Defence Infrastructure […]
IBM announced on Sunday it would acquire the open source software company Red Hat for $US190 per share, for a total deal value of about $US34 billion. The acquisition stands to be a significant payday for Red Hat’s top executives and shareholders. Red Hat President Jim Whitehurst could make over […]
IBM’s $US34 billion acquisition of Red Hat is the largest software deal in history. The bankers who helped orchestrate the acquisition are set to make as much as $US115 million in fees. Through the first three quarters of the year, banks pulled in about $US3 billion in revenue from tech […]
IBM announced Sunday that it has struck a deal to acquire the cloud-software company Red Hat for $US34 billion. IBM said it will pay $US190 a share in cash – a more than 60% premium above Red Hat’s closing price on Friday. The “rich valuation” will discourage anyone else to […]
IBM has struck a deal to acquire the cloud software company Red Hat for $US34 billion. IBM will pay $US190 a share for the software company, which it described as the world’s leading provider of open-source cloud software, a premium of more than 60% from Red Hat’s closing stock price […]
The third most powerful supercomputer in the world has been completed and unveiled: the Sierra. This supercomputer, which can do 125 quadrillion calculations in a second, will be used to create simulations that can test how safe and reliable nuclear weapons in the government stockpile is. The Sierra is currently […]
Wall Street was not happy with IBM on Tuesday after the tech company reported third quarter revenue that fell short of expectations. IBM’s revenues for the quarter were down 2% from the same quarter last year. Analysts were expecting $US19.1 billion but the company brought in just $US18.8 billion. Here’s […]
Three former IBM employees are suing the company for age discrimination. The tech company has fired more than an estimated 20,000 employees aged 40 or older in the last six years, according to a ProPublica report. The former employees said IBM fired them because of their age. Heather Bussing, a […]
Goldman Sachs is offering employees a new perk that allows them to ship their breast milk home while they’re travelling for work. It’s the latest company to offer this benefit, which is meant to support working mums. In the US, expressing breast milk at work isn’t a perk – it’s […]
IBM senior vice president Bridget van Kralingen is known for creating and leading IBM’s blockchain business. But she started her career as an industrial psychologist. In a recent interview, she offered some great tidbits on what bosses need to understand about human behaviour. In the tech world, IBM senior vice […]
Sylvia Acevedo grew up as a Girl Scout and was named CEO of the organisation in 2017 after working as a rocket scientist for NASA and engineer for IBM. Acevedo found her passion for science and engineering as a Girl Scout and introduced STEM programs to the organisation. Acevedo also […]
Sylvia Acevedo was named the CEO of Girl Scouts in 2017 and introduced STEM (science, technology, engineering, maths) programs to the organisation. Prior, Acevedo was a rocket scientist for NASA, industrial engineer for IBM, and presidential commissioner for the Obama White House. While at IBM, Acevedo went after a promotion […]
Tiago Paiva won a Twilio hackathon in 2011 with his startup Talkdesk. Now, the company is one of the most recognisable names in the call center industry, with clients such as IBM, Peet’s Coffee, Dropbox, and apparel store Zumiez. Paiva, who is originally from Portugal, moved the the US the […]
As we’ve seen over the course of the last few years alone, companies in the US have have had a particularly difficult time dealing with the repercussion of data breaches. In 2018, about 25% of data breaches were due to human error rather than criminal activity, according to IBM Security […]
A college degree may lead to a lucrative career, but the cost of tuition is putting some people so far in debt that a even decent job can’t fully lift the burden. Companies big and small – including IBM and fitness startup Peloton – offer student loan repayment benefits to […]
You might be surprised to learn that almost half of the jobs at tech companies aren’t tech-related at all. According to a Glassdoor report, 43% of the jobs currently being hired in tech companies are non-tech roles. However, the composition of tech vs. non-tech roles varies by company, as shown […]
Investors were slow to react Wednesday after IBM reported a beat on earnings, marking its third quarter of growth after years of decline. The stock was up by 3% at 4:30 PM PT Wednesday, but it took a few hours to get there after IBM’s second quarter earnings, which beat […]
IBM is holding a contest to see who can create the best solution for natural disaster relief. The winning team will get $US200,000, support from IBM to make the prototype a reality, and introduction to venture capitalists. IBM is asking developers to build a solution to disaster relief – and […]
A lot of sports fans are looking forward to the possibility of watching sporting events using immersive technology like virtual reality and augmented reality, but few know how far along it is. At this year’s Tribeca Film Festival, sports fan and director of product for Watson Developer Labs & AR/VR […]
IBM shares fell more than 5% on Tuesday after the company announced its first quarter 2018 earnings. IBM actually beat analyst expectations on both revenue and earnings per share for the quarter, but Wall Street didn’t take lightly to its $US0.04 miss on expectations for full-year 2018 earnings per share. […]
For years, the entertainment industry has been excited by the possibility of using Virtual Reality to tell stories, but so far few have seen real success. At this year’s Tribeca Film Festival, two executives from companies making strides in VR and AR discussed the presence and future of these technologies […]
Google’s auto-complete features gives you a drop-down menu of suggestions based on the most popular queries related to whatever you’re searching. If you start searching for a story about a tech CEO, for example, Google auto-complete might show you that other users are searching about this person’s marriage, kids, salary, […]
An 11-pound, artificially intelligent orb is launching to the International Space Station. The robot, called the Crew Interactive Mobile Companion (CIMON), will have an animated face, talk, and fly around. CIMON will use IBM Watson software to interact with astronauts. When German astronaut and scientist Alexander Gerst rockets to the […]
Australian software giant Atlassian took a $US47.3 million ($AU58.9 million) hit to its bottom line thanks to changes in tax rates brought under the new tax law. The company’s stock fell nearly 5% on the news. The charge and stock drop marred an otherwise strong quarterly report. The new tax […]
IBM reported its Q4 2017 earnings Thursday. Here’s how the company did: Revenue for the quarter were $US22.54 billion, compared to analyst expectations of $US22.05 billion. Earnings per share for the quarter were $US5.18, compared to analyst expectations of $US5.17.
• It’s time for college seniors to start figuring out their plans for next year. • LinkedIn compiled a list of the companies that grads tend to flock to in 2017. • Some big name companies like Amazon, Oracle, and EY made the list. It’s that time of year again. […]
IBM veteran James J. Kavanaugh will take over as CFO. Kavanaugh replaces Martin J. Schroeter, who’s served as CFO since 2014. Schroeter will take on the role as SVP of global markets. Both role changes went into effect Thursday, according to the filing. IBM just quietly promoted veteran James J. […]
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