IBM's Strong Performance in Q3 with Increasing Applications of Artificial Intelligence

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Published inAI News · 1 min read · Oct 26, 2023

Translated data: International Business Machines Corporation (IBM) announced its third-quarter financial results, revealing a net profit of $1.7 billion and earnings per share of $1.84, surpassing market expectations. Revenues from software and consulting services have increased, with the application of IBM's artificial intelligence products becoming more widespread. IBM has partnered with Oracle and other cloud service providers to accelerate cloud transformation for enterprise customers. IBM is confident that its software and consulting businesses will continue to grow steadily and remains optimistic about the prospects for annual revenue and free cash flow growth.

Thailand's AI Surge! Open Source, Talent Development, Government Policies, All Contributing to Thailand's Takeoff!

In 2024, the global AI craze continues to rise, and Thailand is no exception, standing on the brink of an explosion in artificial intelligence (AI). Imagine strolling through the streets of Bangkok, where everything around you is quietly changing. Restaurants have smart ordering systems that can converse with you fluently in Thai, hospitals have AI diagnostic systems capable of accurately analyzing your health status, and even the shared bicycles on the roadside are equipped with smart navigation. This is no fantasy; it is the ongoing AI transformation in Thailand. Image source note: The image is generated by AI, and the image is authorized.

iFLYTEK and Other Enterprises Jointly Establish Artificial Intelligence Venture Capital Fund with an Investment of 500 Million RMB

Against the backdrop of rapid development in artificial intelligence, iFLYTEK and several enterprises jointly established the 'Anhui Kexun Artificial Intelligence Venture Capital Fund Partnership (Limited Partnership)' on December 16. The fund has a total investment of 500 million RMB, aiming to support and promote innovation and development in the field of artificial intelligence. According to data from the Tianyancha App, the managing partner of this newly established investment fund is Hefei Kexun Innovation Information Technology Partnership (Limited Partnership). Its business scope is extensive, covering equity investment and investment management for private equity funds.

Tencent and Honor Reach Strategic Cooperation to Promote Cloud Computing and Artificial Intelligence Development

According to a report by Bloomberg, Tencent Holdings Limited and Honor Device Co., Ltd. announced on Friday that they will engage in a long-term strategic cooperation in the fields of cloud computing and artificial intelligence. The two parties will collaborate extensively, leveraging Honor's capabilities in terminals, AI, and ecosystem development, and combining these with Tencent's resources in cloud computing, content platforms, and gaming technology. In this partnership, Honor will utilize Tencent's big data analysis and search tools, which will greatly enhance Honor's data processing capabilities. Additionally, both sides plan to jointly develop a coding assistant aimed at benefiting Honor's workforce.

2025 Economic Trends in the UK: AI, Real Estate, and Space Mining in Focus

2024 is set to be a busy year for the UK, with Donald Trump being re-elected as President of the United States, interest rates slightly declining, and geopolitical tensions intensifying. As the new year approaches, Bloomberg News has interviewed several CEOs in the UK to discuss their outlook for 2025. These CEOs come from various industries, including finance, construction, and energy, sharing their insights on key themes for the coming years. Image source note: The image is AI-generated, with licensing provided by Midjourney.