All posts tagged: IBMs

IBM’s Acquisition of HashiCorp Investigated by UK Competition Authority

IBM’s Acquisition of HashiCorp Investigated by UK Competition Authority

Published by Webster

The U.K. government is investigating whether IBM’s acquisition of cloud infrastructure firm HashiCorp will result in a “substantial lessening of competition” within markets in the country. IBM announced its intention to buy HashiCorp for $6.4 billion in April 2024 to help it support its customers’ growing AI-related demands. HashiCorp provides hybrid and multi-cloud lifecycle management products, such as infrastructure as code tool Terraform, which facilitate building and running AI applications. HashiCorp will operate as a division of IBM Software rather than being brought into Red Hat, IBM’s open-source subsidiary. It said that the deal would help its products reach a larger audience. The Competition and Markets Authority notified the two companies of an upcoming Phase 1 probe on Aug. 1, 2024, and formally launched it on Dec. 30. It will have to make a preliminary decision on whether to carry out a full-scale investigation by Feb. 25 and relevant third-parties can submit comments up to Jan. 16. IBM declined to provide additional comment. TechRepublic has reached out to HashiCorp for a response. IBM-HashiCorp deal has …

IBM’s Matthew Candy Sees Evidence of Innovation in Australia’s 2024 Pursuit of Generative AI Scale

Published by Webster

Australian organisations are keeping pace with global innovation in generative AI, according to IBM Consulting Global Head of Generative AI Matthew Candy. A local legislative focus on regulating high-risk use cases could also foster AI’s potential in the local market, he said. Candy recently visited Australia and the broader APAC region to meet some of IBM Consulting’s regional clients and partners, many of whom will be moving from piloting generative AI to implementing models at scale throughout the calendar year 2024. Speaking with TechRepublic Australia, Candy predicted a move to smaller AI models and the emergence of new digital products and services. He suggested organisations looking at scale needed to focus on strategy and business value as well as aspects like governance. How does Australia stack up with the world on generative AI? IBM’s Global AI Adoption Index 2023 pegged Australia as a lagging market for AI adoption. It found only 29% of Australian organisations were actively deploying AI in November of 2023, well behind early adopters India (59%), China (50%), Singapore (53%) and the …