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NEWS ABOUT: IBM

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Buffett Buys $10.7B in IBM

He now owns 5.5% of the company

(Newser) - Warren Buffett typically shies away from tech companies, but not this year. In an interview on CNBC this morning, Buffett revealed that he’s bought $10.7 billion worth of IBM stock since March, a purchase that had been kept confidential in Berkshire Hathaway’s recent filings. The buy gives... More »

IBM Names First Female CEO

Global sales boss Virginia Rometty to take reins next year

(Newser) - IBM, long seen as a slow-moving boys’ club, has named its first female CEO. Global sales head Virginia Rometty will take over from Sam Palmisano in January, making IBM the highest-valued US corporation run by a woman, Reuters reports. Industry and Wall Street observers applauded the decision, which retains Palmisano... More »

IBM Surpasses Microsoft, Claims No. 2 Tech Spot

Shift illustrates tech industry's move away from PCs

(Newser) - Microsoft, once the world’s most valuable tech company, has now fallen to third place. IBM surpassed Microsoft yesterday to take the second-place spot, as its market value rose to $214 billion and Microsoft’s fell to $213.2 billion. It marked the first time IBM’s closing prices exceeded... More »

IBM's Watson Gets a Job

Will aid WellPoint doctors, nurses in patient diagnoses, treatments

(Newser) - Looks like Watson’s Jeopardy appearance was the ticket to a high-profile job. As the health field goes increasingly digital, health insurer WellPoint is teaming up with IBM to use the technology in medical settings. Watson will ultimately help doctors with diagnoses and treatment suggestions, the Wall Street Journal reports.... More »

IBM Creates Chip That Works Like Human Brain

Chip could someday power computer that learns, handles complex tasks

(Newser) - IBM has created a prototype chip that mimics the workings of the human brain, simulating synapses, neurons, and axons in the hopes of creating a computer that can learn and think, the company announced today. So far these “cognitive computing chips” have only been put to simple tasks like... More »

Gay Couples May Have to Marry ... to Keep Benefits

Some New York companies phasing out 'domestic partner' perks

(Newser) - Now that gay marriage is legal in New York, some couples might have no choice but to take the plunge—at least if they want to keep their health insurance. Two major companies—Raytheon and IBM—say employees in same-sex relationships must get married if they want to keep the... More »

Apple Bumps Google as Most Valuable Brand

Tech and telecoms dominate the top brands

(Newser) - Apple has taken a bite out of Google. It's now the most valuable brand in the world, finally ending Google's four-year run at the top of Millward Brown's list of global brand value, reports Reuters . The study estimates Apple's brand to be worth $153 billion, almost... More »

Bristol-Myers Allegations: Push Our Drugs, Meet the Lakers!

Authorities say company bribed doctors with team 'happy hours'

(Newser) - It's a good day for bribery allegations:
  • In California, Bristol-Meyers Squibb is accused of bribing doctors to push its drugs in exchange for swanky gifts and "happy hours" with Los Angeles Lakers players. Players also participated in "dream camps" for doctors and their families. Ex-player Lucius Allen, who
... More »

Watson's Win a Victory ... for Humans

Jeopardy ! king discusses his epic battle with the computer

(Newser) - Going into his Jeopardy! match against IBM’s Watson supercomputer, champ Ken Jennings saw himself as humanity’s representative, "the Great Carbon-Based Hope against a new generation of thinking machines," he writes for Slate . But victory wasn’t to be: Watson played Jeopardy much like a top-ranked human.... More »

Jeopardy Challenge Ends With Humans Crushed

Watson's next job: medical diagnostics

(Newser) - "I for one, welcome our new computer overlords," defeated Jeopardy contestant Ken Jennings wrote below his final answer as the game show's 3-day supercomputer challenge wrapped up. IBM's Watson finished way ahead with $77,147 while Jennings and Brad Rutter—the two most successful human contestants in Jeopardy... More »

Jeopardy Computer Trounces Humans On Day 2

Watson wins big despite naming Toronto as US city

(Newser) - Watson trounced its human opponents on the second day of the 3-day Jeopardy challenge, but humanity saved some face after the IBM supercomputer goofed on the final question. The category was US cities and the clue was "Its largest airport was named for a World War II hero; its... More »

Man Ties With Machine in Jeopardy Showdown

Humans fight back after IBM's Watson takes early lead

(Newser) - The first round of Jeopardy's three-game man versus supercomputer showdown finished Monday night with humanity having fended off the rise of the machine. Human player Brad Rutter, the game show's record money-winner, was tied with IBM supercomputer Watson at $5,000 at the close of play, AP reports. The other... More »

Why Watson Will (or Won't) Beat Jeopardy's Kings

Face-off airs tonight with Ken Jennings, Brad Rutter

(Newser) - Tonight, IBM’s Watson computer will go head-to-head with Jeopardy legends Ken Jennings and Brad Rutter in the first of three matches. Do they stand a chance against the machine? Definitely, writes Greg Lindsay for Fast Company . He’s an actual human who’s beaten the computer three times, thanks... More »

Your Cell Phone Will Project Holograms in 5 Years

... assuming IBM's scientists are correct

(Newser) - Mobile phones will be able to project 3D holograms in 2015, allowing people to video-chat with virtual images of their friends, say scientists at IBM. In their annual list of tech predictions, the scientists also say:
  • Today's lithium-ion batteries will be replaced with those that run on air and last
... More »

Jeopardy to Pit Humans Versus Machine

IBM program taking on human champs

(Newser) - IBM's 'Watson" computer program may not be able to pass the Turing test of a machine's "intelligence," but its makers are betting it can pass the Trebek test. The computer will compete against two of the most intelligent human contestants in Jeopardy history in three episodes of the... More »

Through Sheer Power, Google Translate Gets It Right

Similar programs use 1B words, while Google plugs in 100B+

(Newser) - Score one for Google’s “don’t be evil” side as Web surfers reap the benefits of its excellent translation program—thanks to the sheer force of Google's web dominance. Machine translation is a particularly tricky computer problem that programmers now agree is most easily solved by feeding massive... More »

IBM Creates Plastic From Plants

(Newser) - IBM has created a form of plastic that is made from plants, the company announced today. Researchers claim that the process can lead to the replacement of petroleum-based plastics that are killing our planet. "This discovery and new approach using organic catalysts could lead to well-defined, biodegradable molecules made... More »

Most Respected Companies

Apple heads the list, and Citigroup is dead last

(Newser) - Barron's has released its annual list on an admittedly squishy subject—how the world's largest 100 companies rank in terms of "respect." Two American firms showed up in the bottom 10: Bank of America at 93 and Citigroup dead last at 100. Here are the top 10... More »

Dow Drops 67, Sinks Below 10,000, on IBM, BoA Reports

Dour day cuts into weekly gains

(Newser) - Stocks fell today as optimism about economic recovery waned in the face of disappointing earnings. Bank of American and General Electric’s financing division both posted quarterly losses. IBM, which reported strong profits but spooked investors with downbeat comments on the readiness of businesses to spend on technology, fell 5.... More »

IBM Bets on Water 'Smart Grid'

(Newser) - IBM is developing a set of water grid technologies, designed to revamp the world’s badly outdated fresh water delivery systems in much the same way many countries are trying to upgrade their energy grids, CNET reports. IBM projects the water management business could be worth $20 billion within 5... More »

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