IBM is buying a huge swath of software companies that it will use for its cloud infrastructure project
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IBM’s acquisition of a huge chunk of software makers will create a massive cloud infrastructure company, one that will be used to support IBM’s own AI software development.IBM is buying 20 companies across the world, including several large software companies, in the deal.
IBM will retain control of all of the companies it bought, with IBM acquiring 20 per cent of the company, according to a person familiar with the matter.
The buyer will keep IBM’s core software development and support business, as well as its Watson software, a deep learning and machine learning company.IBD expects that the company will likely employ a large number of AI developers, many of whom will work on IBM’s Watson platform, which has been under development for the past two years.IBB will also continue to develop the cloud infrastructure business as part of its new strategy, which it will call “deep learning”, the person said.
IBM has been trying to create a platform for the development of AI and deep learning applications.
In November, the company said it would focus on building out AI software for big data applications.
IBM’s acquisition of a huge chunk of software makers will create a massive cloud infrastructure company, one that will be…
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