IBM has renewed a major lease for 830,000 square feet at Embassy Golf Links Business Park in Bengaluru, with an annual rental of ₹143 crore. This long-term agreement, one of the year''s largest office transactions, includes a 10-year term with escalating rent provisions. The move strengthens IBM’s position in a key market, contributing significantly to Embassy REIT’s rental revenue. Despite the rise of remote work, the office leasing market in India continues to grow, reflecting strong demand from major corporations.

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The tech giant IBM is upgrading its mainframe technology with a new processor designed to accelerate AI and other demanding workloads. Continue reading on Major Digest »

Intel and IBM will deploy Intel Gaudi 3 AI accelerators on IBM Cloud by early 2025, aiming to scale enterprise AI efficiently while ensuring security and resiliency.

Intel and IBM announced a groundbreaking collaboration to deploy Intel''s Gaudi 3 AI accelerators on the IBM Cloud, marking a significant milestone in enterprise AI. This partnership, which aims to deliver advanced AI capabilities to enterprises globally, underscores the importance of performance, security, and affordability in today’s AI-driven world.

Discover why IBM''s strong Q2 results, innovative AI strategy, and undervalued valuation make it a solid investment for long-term growth in AI. Click to read.

Intel and IBM to deploy Gaudi 3 AI accelerators on IBM Cloud to help enterprises scale AI. What’s New: IBM and Intel announced a global collaboration to deploy Intel Gaudi 3 AI accelerators as a service on IBM Cloud. This offering, which is expected to be available in early 2025, aims to help more cost-effectively […] The post Intel and IBM Deliver Enterprise AI in the Cloud appeared first on AiThority .

When McDonald''s was forced to remove an AI-powered ordering system from its US drive-through restaurants in June 2024, it served as an example of what can happen when the new technology goes wrong. The fast food giant’s voice-activated technology began to misinterpret customer orders to comic effect, registering requests for bacon-topped ice cream and hundreds of dollars’ worth of chicken nuggets. Naturally, videos of these gaffes went viral and sparked a torrent of mocking press headlines, forcing the chain to shelve its partnership with IBM, which supplied the ordering system. The first step to mitigating risks is to take a transparent and traceable approach to model-building As AI proliferates, such system failures are becoming increasingly common, with organisations including Microsoft, Air Canada, Tesla and Amazon all experiencing their own embarrassing incidents. The costs can be significant in terms of business continuity, brand damage, lawsuits and even regulatory action. But that hasn’t dampened enthusiasm for AI’s potential.

IBM is quadrupling the AI horsepower in its new mainframe chip, and its launching an AI add-on card for customers who need more power.

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