IBM's Q2 led by software revenue
As for the outlook, IBM projected annual revenue growth in the mid-single digit range with free cash flow topping $12 billion.
Technology Optimization advises CIOs seeking to invest in innovation and strategic advantage while optimizing the cost of providing ongoing support.
New economic realities and shrinking IT budgets necessitate that IT organizations become better at justifying new projects, more efficient in delivering IT services, and smarter at adopting new technologies that can deliver business value while reducing costs.
Organizations must work together to optimize the cost reduction that funds innovation, and learn how to balance the needs of business with the responsibilities of IT. Is your organization ready for the shift to innovation? Have you developed a strategy to fund innovation with optimization?
As for the outlook, IBM projected annual revenue growth in the mid-single digit range with free cash flow topping $12 billion.
ServiceNow reported better-than-expected second quarter earnings and announced that president and chief product officer CJ Desai will leave the company after an internal investigation.
Meta released Llama 3.1 405B, an open "frontier-level model" that aims performs as well as proprietary models. For Meta CEO Mark Zuckerberg, the Llama cadence is designed to play the long game and bet open-source models ultimately win.
IonQ outlined it roadmap for its quantum computing stack as well as various use cases as it aims to create enterprise grade infrastructure that could offload GPU workloads if successful.
Enterprises are beginning to leverage AI and widen their profit moats just as some companies are seeing customers wobble. The efficiency gains are beginning to highlight how digital transformation and AI strategies are becoming self-funding, keeping expenses below the rate of inflation and optimizing processes.
TSMC’s second quarter earnings were better-than-expected and the chip manufacturer is becoming a barometer for generative AI infrastructure demand. High-performance computing (HPC) is now more than half of TSMC's revenue.
Enterprise software could be disrupted as category windows become collateral damage to generative AI. The scenario: Today's go-to systems are relegated to plumbing as generative AI becomes the de facto user interface that democratizes data, insights, analytics and automation.
Quantum computing software provider Classiq has been busy forging partnerships with everyone from Nvidia to BMW to Citi as it aims to expand enterprise use cases with a software layer that abstracts the underlying hardware. We caught up with Classiq CEO Nir Minerbi to talk about quantum computing and where it's headed.