The multinational technology corporation IBM has suspended all its business in Russia due to the conflict in Ukraine, CEO Arvind Krishna said. “I’ve heard from many of you in response to last week’s announcement regarding the war in Ukraine, and I appreciate your feedback. First, let me be very clear — we have suspended all business … Read more
The White House is hosting an event on Wednesday that will bring together the largest US technology companies for a discussion about cybersecurity challenges following a raft of high-profile hacking incidents earlier this year, people familiar with the event told Reuters. It comes as Congress weighs new legislation concerning data breach notification laws and cybersecurity … Read more
IBM missed Wall Street estimates for quarterly revenue on Thursday, hurt by a rare sales decline in its software unit as clients shied away from longer-term deals due to pandemic-induced economic uncertainty. The 109-year-old firm is preparing to split itself into two public companies and the namesake firm will focus on the so-called hybrid cloud, … Read more
International Business Machines Corp said on Wednesday Chief Executive Officer Arvind Krishna would take over as chairman from Jan. 1, replacing Ginni Rometty, who stepped down as its long-time CEO earlier this year. Rometty, who was the tech pioneer’s first woman CEO, would occasionally be asked to act as an independent contractor after her retirement, … Read more