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Two years ago, IBM realized there was one glaring omission in its roster of sports partnerships: Formula One. Formula One has become one of the world’s most popular sports, especially in the U.S., where Netflix’s “Drive to Survive” documented the working lives of F1 drivers and turned them into mainstream celebrities. The tech-centric sport has…
IBM entered into a $17 million settlement agreement on Friday with the U.S. Department of Justice over allegations that it engaged in “illegal DEI practices” by taking into account “race, color, national origin, or sex” in its hiring and promotions. The DOJ also alleged that IBM used funds from its government contract for DEI programs and then…
Like many leaders in tech, Arvind Krishna, the CEO of IBM, thinks federal R&D funding for AI and related technologies should be increased — not the other way around. “We have been an extremely strong advocate — and this is both the company and me personally — on that federally funded R&D should be increased,”…
Tech and consulting giant IBM was not immune to the Department of Government Efficiency’s (DOGE) cuts. IBM had 15 of its federal contracts canceled due to DOGE-related cuts during the first quarter of 2025, according to reporting from Reuters and Bloomberg. These cuts amount to $100 million in future payments, per Bloomberg. Federal contracts represent…
IBM is releasing the latest version of its mainframe hardware that includes new updates meant to accelerate AI adoption. The hardware and consulting company on Monday announced IBM z17, the latest version of its mainframe computer hardware. This fully encrypted mainframe is powered by an IBM Telum II processor and is designed for more than…
IBM confirmed to The Hill it is pulling advertisements from X, the platform formerly known as Twitter Thursday, citing “’zero tolerance for hate speech.” “IBM has zero tolerance for hate speech and discrimination and we have immediately suspended all advertising on X while we investigate this entirely unacceptable situation,” IBM told the Financial Times. Elon…
” Turkish automaker Togg onboards Metaco for crypto custody and governance “ Turkish automotive company Togg announced a partnership with Metaco, a digital asset custody orchestration technology provider, to secure its open mobility ecosystem built on Avalanche. Togg’s Mobility-as-a-Service platform (MaaS), a.k.a, Mobility Ecosystem, aims to deliver smart contract-powered use cases — including tokenization of…
“The Citizen CZ Smart YouQ smartwatch uses NASA and IBM technology to ‘predict’ your fitness” Dubbed the ‘Smarter Watch’, the CZ Smart doesn’t track you through the day… it anticipates your day in advance. Watchmaking pioneer CITIZEN just revealed its latest offering at CES this year – the CZ Smart watch + the YouQ app,…
” Blockchain-based supply chain platform canned by IBM and Maersk “ United States technology company IBM and Danish logistics firm Maersk have decided to discontinue their co-developed blockchain-backed supply chain platform, TradeLens, citing a lack of “global industry collaboration” as a key reason behind the decision. Maersk stated on Nov. 29 that it has begun…
“# HSBC and IBM create successful multi-ledger CBDC demo ” On Thursday, HSBC and IBM announced the successful test of an advanced token and digital wallet settlement between two central bank digital currencies, or CBDCs, in a cloud environment. The experiment consisted of transactions between CBDCs, eBonds, and forex. IBM’s Hyperledger Fabric and enterprise technology…