IBM and The Climate Service to Work Together with Financial Institutions and Corporations to Assess the Cost of Climate Risk | News

ARMONK, N.Y. and DURHAM, N.C., Oct. 14, 2020 /PRNewswire/ — IBM (NYSE: IBM) and The Climate Service (TCS), a leader in climate risk analytics for investors and businesses, today announced their alliance to work with financial institutions and corporations to better measure and quantify risks associated with climate change. As part of the alliance, the companies are now making the TCS Climanomics® software platform available via Red Hat OpenShift on IBM Cloud.

This alliance between IBM and TCS makes TCS’s advanced science available with enterprise-grade levels of scalability, availability, security, and interoperability. The companies are working together to help organizations put a price on climate risk and facilitate reporting consistent with the Task Force on Climate-Related Financial Disclosures (TCFD) framework.

The alliance will also leverage the experience of IBM Services in financial risk, analytics, weather risk, and compliance, to use the Climanomics® platform to provide climate risk analytics to

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IBM and The Climate Service to Work Together with Financial Institutions and Corporations to Assess the Cost of Climate Risk

ARMONK, N.Y. and DURHAM, N.C., Oct. 14, 2020 /PRNewswire/ — IBM (NYSE: IBM ) and The Climate Service (TCS), a leader in climate risk analytics for investors and businesses, today announced their alliance to work with financial institutions and corporations to better measure and quantify risks associated with climate change. As part of the alliance, the companies are now making the TCS Climanomics® software platform available via Red Hat OpenShift on IBM Cloud.

This alliance between IBM and TCS makes TCS’s advanced science available with enterprise-grade levels of scalability, availability, security, and interoperability. The companies are working together to help organizations put a price on climate risk and facilitate reporting consistent with the Task Force on Climate-Related Financial Disclosures (TCFD) framework.

The alliance will also leverage the experience of IBM Services in financial risk, analytics, weather risk, and compliance, to use the Climanomics® platform to provide climate risk analytics to

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IBM advanced Project Debater effort with Key Point Analysis

IBM has developed a natural language processing advance via its Project Debater effort called Key Point Analysis that aims to use artificial intelligence to sum up crowd-sourced arguments.

The technology, led by IBM Research, is being showcased on Bloomberg TV’s “That’s Debatable” show. The show aired Friday and featured a debate on wealth distribution with US Secretary of Labor Robert Reich, former Greece finance minister Yanis Varoufakis, former US Treasury Secretary Larry Summers and Manhattan Institute’s Allison Schrager.

Noam Slonim, lead researcher for IBM’s Project Debater effort, said the goal of Key Point Analysis is to “enable AI systems to manage the human language.” “There’s a significant opportunity for using national language processing,” he said.

Primers: What is AI? | What is machine learning? | What is deep learning? | What is artificial general intelligence?    

In the debut episode of “That’s Debatable,” IBM used Key Point Analysis to distill points

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How IBM Partners with SimpleCloud for Next-Gen Efficiency

Strategic partner programs have been around the tech industry for decades, and typically involve regional-specific or industry-focused resellers and specialist firms with close ties to their business clients. The results can be good for all involved, providing end customers valuable services and solutions, and building sustainable commercial relationships for both IT vendors and their partners.

The evolution of public cloud computing is delivering new options and opportunities for partner programs, especially among IT vendors that are managing their own cloud platforms and services. IBM Cloud has been especially active in this regard, so it’s worth considering how the company’s service offerings are being leveraged by strategic partners and their customers. Here is how one IBM Cloud partner, SimpleCloud, is making the relationship work.

SimpleCloud and IBM Cloud

SimpleCloud is owned and operated by Summus Render, a Madrid-based company that provides Render-as-a-Service (RaaS) solutions to digital animators and studios, engineering and

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IBM Bets Big on $1T Hybrid Cloud Market With Business Spin-off

There have been major developments this year amid the coronavirus crisis in the technology sector, from NVIDIA acquiring ARM Holdings, Oracle and Walmart’s stake in TikTok, and Microsoft’s Bethesda acquisition to even the most recent rumored deal of AMD looking to acquire its rival Xilinx for $30 billion.

News of merger, acquisition and spin-off keep ticking. Coronavirus crisis has compelled companies globally to rethink business strategies and alter their spending patterns. International Business Machines Corporation IBM isn’t immune to the trend.

The company recently announced the spin-off of its legacy Managed Infrastructure Services business in a bid to accelerate its hybrid cloud growth strategy, with a focus on enabling clients with accelerated digital transformation.

The company’s Managed Infrastructure Services, a unit of its Global Technology Services division, will be spun off into a new public company or NewCo (set to be named later). The deal is anticipated to “be achieved

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IBM Spinning Off Infrastructure Managed Services Group To Focus On Cloud Is A Good Move

IBM has been making a flurry of improvements to position the company to better take advantage of the cloud opportunity.  In the past year, IBM acquired Red Hat, deeply integrated many of its products, and installed new CEO Arvind Krishna and President Jim Whitehurst. The company isn’t done. Yesterday, IBM announced that it will spin out its Managed Infrastructure Services unit of its Global Technology Services division into a new public

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IBM stock is going through a transformative period: Market analyst

IBM shares soared after the company announced plans to spin off its IT infrastructure unit to focus on its cloud computing business.

But even with Thursday’s surge, the stock still trades at a valuation far below its peers. IBM’s 11 times forward price-to-earnings ratio is cheaper than the XLK tech ETF’s 25 times multiple and the SKYY cloud ETF’s 35 times multiple.

This could be the beginning of a major transformative period for the company, Tocqueville Asset Management portfolio manager John Petrides told CNBC’s “Trading Nation” on Thursday. He compared new IBM CEO Arvind Krishna to Microsoft CEO Satya Nadella’s leadership.

Nadella, Microsoft’s chief executive officer since 2014, has overseen the company’s own shift to cloud services. Revenue in Microsoft’s cloud business increased 17% to $13.4 billion in its fourth quarter ended June, accounting for more than one-third of overall sales. IBM’s cloud business generates 30% of total revenue.

“What

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IBM teams up with Activision Blizzard to manage tech for the Overwatch League

IBM will manage the technology for Activision Blizzard’s Overwatch League in a sign that esports is starting to demand the most sophisticated cloud and AI technologies. The idea is to put esports on the road to being a mainstream phenomenon alongside traditional sports.

This is the kind of marriage that we can expect to see more of in the future as gaming and entertainment demand high-end technologies from AI to cloud computing.

In a multi-year deal, IBM is teaming up with Activision Blizzard, one of the biggest players in the game industry. IBM will provide cloud, Watson AI, and machine learning for the Overwatch League and become a presenting partner of the Overwatch League Grand Finals. IBM will power interactive and analytical content for the league, which is one of the powerhouses of the $950 million esports industry.

The IBM sponsorship component kicks off at this year’s 2020 Overwatch League

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IBM Offloads Legacy Business to Focus on $1 Trillion Cloud Industry

Embattled tech relic IBM (NYSE:IBM) has made many attempts to right its flagging business over the years, thus far to no avail. However, in spring 2020, CEO Arvind Krishna — former Senior Vice President of IBM’s cloud and cognitive software segment and a key player in the 2019 acquisition of Red Hat — took the reins of the company. Year-to-date results have again been lackluster, even as cloud computing has become more important than ever before during the pandemic. True to his roots, though, Krishna recently announced IBM will spin off its managed infrastructure services unit into a separate business to focus solely on the cloud.

Someone holding a tablet. Illustrated charts and data are drawn over the screen.

Image source: Getty Images.

Freeing Red Hat from dead weight

During the 2020 second quarter, IBM’s total revenue fell 5.4% year over year to $18.1 billion. Masking cloud computing segment strength — including a 17% increase in Red Hat sales and a total cloud

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IBM Inks Its First-Ever Esports Deal With The Overwatch League

The Overwatch League Grand Finals weekend is underway and although we’re in the middle of the biggest pro Overwatch event of the year, Activision Blizzard is already looking towards the future. It has signed a multi-year deal with IBM. The league will use IBM’s cloud and artificial intelligence tech to “power analytical and interactive content” in its broadcasts.  

MORE FROM FORBESThe Overwatch League Grand Finals Will Take Place In A Cool Virtual Arena

“We’re constantly striving to give fans the ability to more meaningfully engage with the Overwatch League, and teaming up with IBM enables us to do just that,” Brandon Snow, chief revenue officer of Activision Blizzard Esports, said in a statement.

“IBM’s cutting-edge AI and machine learning, underpinned by cloud technologies, will help enable us

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