business / news / / Barchart
IBM (IBM) and Arm (ARM) announced a strategic partnership aimed at developing new dual-architecture hardware for enterprise AI and data-intensive workload.
IBM and Arm have announced a strategic partnership to develop dual-architecture hardware for enterprise AI.
KEY POINTS
- IBM will integrate Arm CPUs into its mission-critical systems to expand software compatibility.
- IBM’s generative AI business reached $12.5 billion, with infrastructure sales up 21% year-over-year.
- Arm reported its fourth consecutive billion-dollar quarter, with royalty revenue up 27% year-over-year.
- Arm trades at 130 times forward earnings, reflecting high growth expectations in AI infrastructure.
COMPANIES
Summarized by Newsio from Barchart. How we summarize →