Berkshire also cut its stake in IBM by 32 percent, or 17.06 million shares, in the third quarter, according to a required quarterly filing with the U.S. Securities and Exchange Commission released Tuesday. The stock is the third-worst performer in the Dow Jones industrial average this year, down 10.3 percent.
IBM has been focusing on cloud, cybersecurity and data analytics, or what the company calls its "strategic imperatives", to counter a slowdown in its legacy hardware and software businesses.
IBM that is synonymous with tech inventions such as the floppy disk and the mainframe, may have offices stretching from Silicon Valley to New York, but its biggest pool of employees are from India
Organisations can visit the hub for hands-on training on ML and collaborate with IBM experts to build and deploy analytic models for a new generation of intelligent applications, IBM said in a statement.
Will hard drives fade away like CDs and floppy disks did?
Trade finance was identified by a survey of banks last year as one of the top areas where the cryptocurrency technology called blockchain could have an impact.
With three million programmers in the country, India alone is expected to develop 10 percent of all apps by the end of 2017 and have the world's largest developer base by 2020.
A valid concern is that dependence on AI may cause us to forfeit human creativity
"The customers will have the ability to interact with teams from both IBM and Vmware through the centre of excellence," Vikas Arora, the company's newly appointed head for the cloud business in the country, told PTI.
Persistent Systems has hired 1000 people in the US in recent times and they have 400-500 people in its development centres in the non-US markets.
Warren Buffett says he's sold about a third of the 81 million shares he holds in IBM, sending the stock sharply lower before the opening bell.
IBM has lost the confidence of one of its biggest investors, Berkshire Hathaway Chairman and CEO Warren Buffett.
In a joint statement ABB said it would combine its digital offering, which gathers information from machinery, with IBM's expertise in artificial intelligence featured in its Watson data analytics software. The two companies will jointly develop and sell new products.
Patel said the calls for protectionism in the US were on account of equity and domestic distribution issues which "textbook economics tells us should be addressed through domestic fiscal policy" such as taxation and income transfers.
“Look at Apple’s cash ($246.1 billion, as of the end of its last fiscal quarter). It can invest in anything. It would be ridiculous to not expect them to be around (in 2075). The same goes for Google and Facebook,” he added. Wozniak was speaking ahead of the Silicon Valley Comic Con (SVCC), which is themed as “The Future of Humanity: Where Will We Be in 2075?”
"Through 'ICICI Appathon' season II, we intend to collaborate with innovative technopreneurs. We believe that programmes like these will encourage young developers to create world class banking applications on mobile," its managing director and chief executive Chanda Kochhar said.
Over 28,000 IT employees have signed an online petition asking the Labour Ministry to stop IT companies from holding them to a three-month non-negotiable notice period.
"We will be touching 1 lakh in a few weeks' time...we are at 98,800 employees right now and we shall touch 1 lakh by April-end," Capgemini India Chief Executive Srinivas Kandula told PTI.
Watch the interview of Ginni Rometty, Global CEO of IBM to Shereen Bhan where she spoke about the opportunities India presents for the company. She also spoke about protectionism debate in the backdrop of Donald Trump's election as President of The United States of America.
"As a country, India has been digitising and digitising the world. The foundation is in place. Digital is the foundation. India's next path is to now make the world cognitive. That would be the difference maker," its chairwoman, president and chief executive Ginni Rometty said at the annual NILF here.
KONE today said in a statement that it has launched 'SmartElevator Challenge' for developers and hackathon enthusiasts in association with IBM & HackerEarth.
In a regulatory filing, Berkshire reported owning 57.4 million shares of Apple as of Dec. 31, which would now be worth USD7.74 billion, up from just from 15.2 million shares in the iPhone maker three months earlier.
Infosys‘ independent director Roopa Kudva on Sunday defended the company‘s capital allocation plans in an exclusive interview with Moneycontrol, saying these were geared to transforming the software services major.
Urban residents accounted for 54 percent of the total global population in 2014, according to the World Health Organization, and that figure was projected to grow nearly 2 percent each year until 2020.
Uber CEO and former member of the Forum, Travis Kalanick has already withdrawn from the Forum, following criticism by various groups opposing the new administration's immigration policies.