International Business Machines (IBM)
Frequently Asked Questions About International Business Machines (IBM)
How does IBM approach corporate social responsibility (CSR)?
IBM actively participates in corporate social responsibility (CSR) initiatives focused on sustainability, ethical business practices, and community development. The company strives to reduce its environmental impact through energy-efficient practices and carbon footprint reduction. Additionally, IBM invests in educational programs, promoting STEM (science, technology, engineering, and mathematics) initiatives to equip future generations with the skills needed in the technology workforce.
How does IBM support innovation?
IBM supports innovation through investments in research and development, fostering an entrepreneurial culture, and engaging with startups and academic institutions. The IBM Garage methodology encourages collaboration and rapid prototyping to help businesses adopt new technologies and innovate effectively. The company also offers programs such as the IBM Watson AI XPRIZE, which promotes the development of AI-driven solutions to global challenges.
How is IBM involved in artificial intelligence ethics?
IBM is actively involved in promoting ethical standards and responsible practices in artificial intelligence. The company emphasizes transparency, fairness, and accountability in AI development and use. IBM has introduced guidelines and principles for AI ethics and has collaborated with various organizations to define standards for ethical AI practices. This commitment includes addressing biases in AI systems and ensuring that AI technology benefits society as a whole.
What are IBM's main products?
IBM's main products include hardware, software, and a wide range of technology services. Its hardware offerings consist of mainframes and servers, while its software portfolio features enterprise solutions such as IBM Cloud, IBM Watson AI, and IBM Security. Additionally, IBM provides consulting and support services, helping organizations integrate and optimize these technologies to drive business transformation.
What are IBM's recent acquisitions?
In recent years, IBM has made several strategic acquisitions to enhance its technology portfolio and capabilities. Notably, the acquisition of Red Hat in 2019 significantly bolstered IBM's hybrid cloud offerings. Additionally, IBM continues to pursue acquisitions in areas such as AI, cloud computing, and cybersecurity, aiming to strengthen its position in these rapidly growing markets while integrating new technologies into its existing solutions.
What are IBM's sustainability goals?
IBM has set ambitious sustainability goals aimed at achieving net-zero greenhouse gas emissions by 2030. The company is committed to integrating sustainable practices into its operations, including energy efficiency, responsible sourcing, and waste reduction. Additionally, IBM promotes circular economy principles by offering services such as technology recycling and supporting renewable energy initiatives to contribute positively to the environment.
What does IBM do?
International Business Machines Corporation (IBM) is a multinational technology and consulting company that specializes in various areas such as cloud computing, artificial intelligence (AI), hardware, and software solutions. Founded in 1911, IBM has evolved significantly over the years, offering products and services to businesses, governments, and consumers. Its strategic focus includes enterprise solutions, blockchain technology, and quantum computing, positioning the company as a leader in technological innovation.
What industries does IBM serve?
IBM serves a diverse range of industries, including finance, healthcare, retail, government, telecommunications, and manufacturing. By offering tailored technology solutions, the company addresses the unique challenges and requirements of each sector. For example, in healthcare, IBM provides tools for data analysis and patient management, while in finance, it focuses on risk management and regulatory compliance.
What is IBM Cloud?
IBM Cloud is a cloud computing platform that offers a wide range of services, including infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS). It enables businesses to develop, deploy, and manage applications in both public and private cloud environments. With features such as data storage, AI, and analytics, IBM Cloud aims to provide organizations with the flexibility and scalability needed for digital transformation.
What is IBM Watson?
IBM Watson is a powerful AI platform that leverages machine learning, natural language processing, and data analytics to help businesses gain insights and make data-driven decisions. Launched in 2011, Watson is known for its capability to analyze vast amounts of data quickly, making it useful across various industries, including healthcare, finance, and customer service. Its applications range from chatbots to advanced data analytics, enhancing operational efficiency and customer engagement.
What is IBM's approach to diversity and inclusion?
IBM is dedicated to fostering a culture of diversity and inclusion within its workforce. The company believes that diverse perspectives drive innovation and business success. IBM implements various programs and initiatives aimed at increasing representation among underrepresented groups, providing leadership training, and promoting an inclusive workplace culture. This commitment extends to hiring practices, employee resource groups, and partnerships with organizations that support diversity in technology.
What is IBM's research focus?
IBM’s research focus concentrates on advancing technology through innovation in fields such as artificial intelligence, quantum computing, AI ethics, and cybersecurity. With a history of significant scientific contributions, IBM invests heavily in research and development, collaborating with academic institutions and industry partners to explore cutting-edge advancements. The company aims to address emerging challenges in technology while driving economic growth through innovation.
What is IBM's revenue?
IBM's revenue has varied over the years due to shifts in its business strategy and market dynamics. As of 2023, IBM reported annual revenue of approximately $60 billion. The company focuses on high-margin products and services, especially in cloud computing and AI, aiming to enhance its profitability and market competitiveness amidst a rapidly evolving technology landscape.
What is IBM's role in quantum computing?
IBM is a pioneer in the field of quantum computing, actively developing quantum hardware and software to address complex computational problems beyond the capabilities of classical computers. The IBM Quantum program provides access to quantum processors through the IBM Cloud, allowing researchers and developers to experiment with quantum algorithms. Its efforts are geared towards advancing this technology to solve real-world challenges in various fields, including materials science and cryptography.
What is IBM's vision for the future?
IBM's vision for the future revolves around leveraging advanced technologies such as cloud computing, AI, and quantum computing to drive digital transformation and create value for businesses and society. The company aims to empower organizations with innovative solutions that enhance operational efficiency, foster collaboration, and address complex global challenges. By focusing on sustainability and ethical technology usage, IBM aspires to contribute positively to the world while remaining at the forefront of technological advancement.
What is the significance of IBM's mainframe computers?
IBM's mainframe computers have played a pivotal role in the company's history and the computer industry as a whole. Notable for their reliability, scalability, and processing power, mainframes are widely used in enterprise environments for critical applications, data processing, and transaction workloads. Despite the proliferation of cloud computing, IBM continues to innovate in mainframe technology, emphasizing security and integration with hybrid cloud environments.
What partnerships does IBM have?
IBM has established a variety of strategic partnerships across different sectors to enhance its technological offerings and extend its market reach. Notable partnerships include collaborations with cloud providers like Red Hat, and technology alliances with companies like Salesforce and Cisco. These partnerships enable IBM to combine its technologies with complementary services, providing customers comprehensive and integrated solutions that drive innovation and value.
When was IBM founded?
IBM was founded on June 16, 1911, originally as the Computing-Tabulating-Recording Company (CTR) through the merger of four companies. It was later renamed International Business Machines Corporation in 1924, reflecting its expanding international presence and product offerings. Over its long history, IBM has played a critical role in the development of computing technology and has continually adapted to changing markets.
Who is the CEO of IBM?
As of 2023, Arvind Krishna serves as the Chairman and Chief Executive Officer (CEO) of IBM. He took on the role of CEO in April 2020. With a strong background in technology and business leadership, Krishna has been instrumental in implementing IBM’s strategic focus on cloud computing and AI, working to drive the company's growth and innovation in the digital transformation era.
What is the current price of International Business Machines?
The current price of International Business Machines is 249.98
When was International Business Machines last traded?
The last trade of International Business Machines was at 6:30 pm EDT on April 2nd, 2025
What is the market capitalization of International Business Machines?
The market capitalization of International Business Machines is 226.99B
How many shares of International Business Machines are outstanding?
International Business Machines has 908.05M shares outstanding.