A Forbes report last week indicated that IBM was preparing for a "bloodbath," one that would see the dismissal of about 26 percent of its workforce, or as many as 112,000 employees. That would indeed be a bloodbath, expect that the actual number of pink slips IBM plans to hand out will be much lower. Instead of 112,000 employees being shown the door, IBM said layoffs will number in the several thousands, or a "small fraction" of what Forbes reported.
For IBM, there is no debating whether or not the mainframe is dead. If IBM felt it was, the company wouldn't have gambled $1 billion, five years of development, over 500 new patents, and collaborative efforts with more than 60 clients in the z13, IBM's newest mainframe and, according to Big Blue, one of the most sophisticated computer systems ever built -- high self praise.
Free app puts your Android device to work crunching data when it would otherwise be idle
Scientists are hard at work looking for a definitive cure to Ebola, and you can help. More precisely, if you're willing to donate idle time power from your PC and/or Android device, you can help the cause. How? The Scripps Research Institute (TSRI) has partnered up with IBM and its World Community Grid to form a volunteer computing project called "Outsmart Ebola Together," and all you need to do is install a free app.
Think you could sell ice to an Eskimo? Hey, that would be an impressive demonstration of your ability to make a sale, though it pales in comparison to Globalfoundries deal with IBM. As odd as it may sound on the surface, IBM today announced that it's offloading its semiconductor business to Globalfoundries, along with $1.5 billion in cash to be paid over the next three years.
Lenovo’s server division set for sevenfold increase in global market share
Lenovo’s $2.3 billion acquisition of IBM’s x86-based server business has been given the green light by the Committee on Foreign Investment in the United States (CFIUS), IBM announced in a press release Friday. All eyes had been on CFIUS, a U.S. government inter-agency body responsible for assessing security implications of such foreign investments, after the deal received the necessary regulatory approval in China last month.
New chips boasts 1 million neurons and 256 million synapses
The human brain is a complex thing. So are computer chips, though we have a much better understanding of the latter than the former. By somewhat combining the two, scientists from IBM have developed the first neurosynaptic computer chip to achieve an unprecedented scale of 1 million programmable neurons, 256 million programmable synapses, and 46 billion synaptic operations per second.
IBM has announced its plans to invest $3 billion on Semiconductor research and development over the next five years. The purpose of this investment is to develop smaller chips by designing smaller transistors.
Chinese PC vendor Lenovo’s $2.3 billion acquisition of IBM’s low-end server business has won the approval of Chinese Ministry of Commerce's anti-monopoly bureau, according to news agency Reuters. However, this is only half the battle. Announced in January this year, the deal now requires the approval of regulators in the States — something that could prove a bit tricky against the backdrop of the ongoing U.S.-China cyber standoff.
Over 86 percent of all Android devices remain vulnerable
The flagrant fragmentation that has come to be associated with Android is once again in focus, with IBM Security researchers shedding light on a major vulnerability (CVE-2014-3100) affecting the all-important Android KeyStore service, which is used for storing cryptographic keys and other sensitive credentials. Although the said vulnerability has been fixed in the latest version of the operating system (Android Kitkat 4.4), the problem is that the vast majority of Android users don’t have the latest version.