IBM acquires StreamSets and webMethods to enhance AI platform

From CNBC: 2024-07-05 10:45:00

IBM completed acquisitions of StreamSets and webMethods, enhancing its AI platform and automation capabilities for digital transformation. The buyouts offer comprehensive application and data integration platforms for clients. The open-source Mixtral-8x7B large language model integration into the watsonx AI and data platform delivers rapid data processing and contextual analysis for actionable insights. IBM collaborates with industry partners like SAP and Salesforce to tap into generative AI technology for business transformation. Although facing stiff competition and business model transition challenges, IBM is focused on hybrid cloud and AI solutions to drive profitability. IBM’s stock is currently trading above the 50-day moving average, with declining earnings estimates for 2024 and 2025. With a Zacks Rank #4 (Sell), the stock may not be a prudent investment choice at the moment.



Read more at CNBC: IBM Enhances AI Scalability With Twin Buyouts: Should You Buy?