Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

Archive for the ‘ibm’ Category

China Tops Top500 Supercomputing List

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For the first time ever, China has the most systems on the Top500 supercomputers list with 202, up from 159 six months ago.

By comparison, the U.S. dropped from 169 to 144, according to a report from CNET.

China also sits atop the Top500 list, with its Sunway TaihuLight supercomputer at China’s National Supercomputing Center in Wuxi reaching 93.01 petflops, or 93 quadrillion calculations per second.

But don’t rule out the U.S….

The United States might reclaim the top spot on the Top500 list, though. An IBM-built machine called Summit at Oak Ridge National Laboratory is designed to reach about 200 petaflops, double the performance of Sunway TaihuLight. It’s in a 10,000-square-foot facility that’s got a 20-megawatt power system for running the machine and keeping it cool. That’s enough electricity to power about 16,300 houses.
– via CNET

Written by turbotodd

November 14, 2017 at 9:34 am

Posted in 2017, china, ibm, supercomputing

IBM 3Q 2017 Earnings

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IBM announced its third quarter 2017 earnings this afternoon.

Highlights

  • Diluted EPS from continuing operations: GAAP of $2.92; Operating (non-GAAP) of $3.30
  • Revenue of $19.2 billion
  • Strategic imperatives revenue of $34.9 billion over the trailing 12 months, up 10 percent; represents 45 percent of IBM revenue
    • Third-quarter revenue up 11 percent (up 10 percent adjusting for currency)
  • Cloud revenue of $15.8 billion over the trailing 12 months, up 25 percent year to year (up 26 percent adjusting for currency)
    • As-a-service annual exit run rate of $9.4 billion in the quarter, up 25 percent year to year (up 24 percent adjusting for currency)
  • Maintains full-year EPS and free cash flow expectations

“In the third quarter we achieved double-digit growth in our strategic imperatives, extended our enterprise cloud leadership, and expanded our cognitive solutions business,” said Ginni Rometty, IBM chairman, president and chief executive officer.  “There was enthusiastic adoption of IBM’s new z Systems mainframe, which delivers breakthrough security capabilities to our clients.”

Written by turbotodd

October 17, 2017 at 3:49 pm

Posted in 2017, earnings, ibm, wall street

IBM 3Q 2017 Earnings

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IBM announced its third quarter 2017 earnings this afternoon.

Highlights

  • Diluted EPS from continuing operations: GAAP of $2.92; Operating (non-GAAP) of $3.30
  • Revenue of $19.2 billion
  • Strategic imperatives revenue of $34.9 billion over the trailing 12 months, up 10 percent; represents 45 percent of IBM revenue
    • Third-quarter revenue up 11 percent (up 10 percent adjusting for currency)
  • Cloud revenue of $15.8 billion over the trailing 12 months, up 25 percent year to year (up 26 percent adjusting for currency)
    • As-a-service annual exit run rate of $9.4 billion in the quarter, up 25 percent year to year (up 24 percent adjusting for currency)
  • Maintains full-year EPS and free cash flow expectations

“In the third quarter we achieved double-digit growth in our strategic imperatives, extended our enterprise cloud leadership, and expanded our cognitive solutions business,” said Ginni Rometty, IBM chairman, president and chief executive officer.  “There was enthusiastic adoption of IBM’s new z Systems mainframe, which delivers breakthrough security capabilities to our clients.”

Written by turbotodd

October 17, 2017 at 3:49 pm

Posted in 2017, earnings, ibm, wall street

IBM Acquires Vivant Digital Business in Australia

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IBM today announced its intention to acquire Vivant Digital business (Vivant), a boutique digital and innovation agency based here. This acquisition extends the strategy and design expertise of IBM iX, one of the world’s largest digital agencies and global business design partners, with Vivant talent and expertise to accelerate clients’ digital transformations.

The CEO and founder of Vivant, Anthony Farah, will also take the role of Digital Strategy & iX Leader for IBM Australia and New Zealand.

With close to a decade of innovation consultancy experience, Vivant has established a strong reputation for its design philosophy and innovative approach, using insights from behavioral science, data and technology for Australian start-ups and corporates, primarily in the financial services and distribution industries.

Together IBM iX and Vivant, based in Sydney and Melbourne, will address the growing need of clients seeking transformation though innovative digital business models and bold customer experiences.

This adds to IBM acquisitions made during 2016 as it rapidly expands its iX global capabilities in strategic ways to better serve clients. From strategy and design to scalable digital, commerce and mobile, IBM iX’s team of specialists work side-by-side with clients across more than 36 global IBM Studios. Working at the intersection of strategy, creativity and technology, IBM iX helps clients digitally reinvent their businesses.

The acquisition is expected to close in the fourth quarter of 2017, subject to applicable regulatory review and customary closing conditions. Financial details were not disclosed.

Written by turbotodd

October 4, 2017 at 9:13 am

Blockchain Mo’

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The cryptocurrency momentum continues in spite of a fluctuating Bitcoin, suppression in China, and JPMorgan CEO Jamie Dimon’s recently professed skepticism about the fate of cryptocurrencies.

Dimon warned that “governments will eventually crack down on cryptocurrencies and will attempt to control it by threatening anyone who buys or sells bitcoin with imprisonment.”

Of course, we have to separate the emerging digital currencies themselves from the underlying blockchain technology that makes currencies like bitcoin work.

Just today, Fortune’s “The Ledger” blog reported that Oracle has introduced blockchain cloud services to help its clients link their existing inventory and supply chain software to a secure, distributed transaction system.

And Juniper Research recently released a report that indicated IBM is leading the way on blockchain tech, with more than 40 percent of tech execs and leaders in the blockchain sector ranking IBM at the top.

Go here to learn more and to get started with the IBM Blockchain Platform.

Written by turbotodd

October 3, 2017 at 9:48 am

China Construction Bank (Asia) and IBM Developing Bancassurance Powered by Blockchain

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China Construction Bank (Asia) Corporation Limited and IBM today announced the development of the first blockchain-enabled bancassurance project in Hong Kong. Built on the IBM Blockchain Platform, the solution is designed to streamline CCB (Asia)’s bancassurance process and greatly enhance customer experience and the quality of services delivered through faster transaction processing time and increased transparency.

Bancassurance is an arrangement whereby a bank and an insurance company form a distribution partnership in which the sales associates of the bank can sell the insurance company’s products to the bank’s client base and through the bank’s channels. The arrangement can be hindered by delays in data transmission or incomplete information.

By working with IBM, CCB (Asia) and all parties on the blockchain now have a shared view of required policy data in real-time, reducing the need for time-consuming status checks which can delay processing time.

This is accomplished through a shared, immutable ledger used for recording transactions. It helps establish accountability and transparency among network participants, enabling CCB (Asia) and its partner insurers to deliver the services more efficiently.

The solution is now under testing with insurance providers and their clients and is expected to be available in the third quarter of this year.

The IBM Blockchain Platform which underpins the project is the first enterprise-ready blockchain service based on the Linux Foundation’s Hyperledger Fabric version 1.0. Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies.

Written by turbotodd

September 21, 2017 at 11:52 am

Posted in 2017, banking, blockchain, china, ibm

Tagged with , ,

IBM Leads the Blockchain

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Happy Monday.

First things first. If you’re a University of Texas football fan, my condolences on Saturday night. That was an epic football game between the ‘Horns and USC, and the last minute comeback by Texas during regulation deserved its own Emmy award for high drama. Then, to go into Double OT…well, let’s hope it’s a harbinger of continued great play.

As for the Monday morning tech world news, there’s certainly plenty to go around.

CNBC reported earlier that, according to Juniper Research, IBM far outranks Microsoft as the blockchain industry leader. The report wrote that "More than 40 percent of tech executives and leaders in the blockchain sector ranked IBM as top, with only 20 percent saying the same of Microsoft."

You can go here to learn more about IBM’s blockchain initiatives.

If you’re keeping track of the tech VC race, Slack just got a huge infusion of $250 million (largely from Softbank’s Vision Fund), valuing the firm at $5.1B.

SiliconANGLE on the infusion: "…Slack said it will use the latest funding to improve its ‘operational flexibility,’ a statement that is vague at best. The company also said it still has much of the $591 million it previously raised in the bank, which should at least give it lots of room for maneuvering in the months and years to come."

SA goes on to explain Slack may need the wiggle room, considering Microsoft has entered into the messaging space with its new Teams application.

In China, autonomous driving startup JingChi has raised a $30M angel round and is raising a $100M Series A. The company’s founder is Wang Jing, former head of Baidu Inc’s Autonomous Driving Unit, and will be HQed in Silicon Valley.

According to China Money Network, it completed a test drive in California in June, and is the 34th company to obtain a license to test autonomous vehicles on public roads there.

So next time you’re driving down the 101 and you see one car after another with nobody driving, you’ll know why.

Written by turbotodd

September 18, 2017 at 11:08 am

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