IBM Rolling Out Innovations in AI & Hybrid Cloud

11 May 2021

    IBM has begun rolling out its innovations in AI, hybrid cloud operations and quantum computing - on track with its focus plan announced a year ago. 


    The company has made the announcements to coincide with its annual Think Conference on Tuesday as it builds momentum following its $34 billion takeover of open-source software company - Red Hat two years ago.


    IBM has been restructuring since Arvind Krishna became CEO a year ago and has shifted its focus to cloud computing and AI. Last October, IBM also announced that its legacy IT infrastructure business would shift into a separate firm.


    Among product innovations it is rolling out on Tuesday are AI to help companies manage data in the cloud, a system - Watson Orchestrate, designed to help professionals automate certain daily tasks, and a program to let customers use quantum computers for projects too complex for traditional servers.


    Krishna commented that he still expects overall sales to grow slightly in 2021 and by the mid-single digits percentage-wise "over the medium term."


    IBM will also unveil Project CodeNet - a large-scale open-source dataset comprising 14 million code samples, 500 million lines of code and 55 programming languages to enable AI to understand and translate code.

    *The products advertised are only available to clients under Fondex Limited (SDL No: SD037). Trading CFDs involves significant risk of loss.


Cookies on Fondex

The Fondex website uses cookies to optimise user experience.

These cookies fall under the following categories: essential, functional and marketing cookies. Marketing cookies may also include third-party cookies.

Manage Preferences

You can customize your selection of which cookies you want to accept.

  • Essential

    These cookies are necessary for the website to function correctly and cannot be switched off.

  • Functional

    Functional cookies allow the website to remember users' preferences and the choices you make on the website such as username, region, and language.

  • Marketing

    These cookies are used to track visitors across our websites and show you more relevant ads. Marketing cookies also include third-party cookies from partners. For more information relating to data protection & collection please view our Privacy Policy and Cookie Disclosure.


The Company would like to inform you that it will terminate its operations under the "Fondex" brand by 30th of December 2022. If you wish to open a trading account, kindly visit