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Quantum funding clash: US bets on a quantum foundry under legal scrutiny
technology1 day ago

Quantum funding clash: US bets on a quantum foundry under legal scrutiny

The US unveiled $2 billion in quantum-computing investments tied to the CHIPS Act, prompting lawmakers who say the spending isn’t aligned with the Act’s purpose; IBM-backed Anderon will be created as a quantum foundry with $1 billion from IBM and $1 billion from the government, transferring IP and staff to fabricate quantum chips. While the move could accelerate progress by giving startups better access to high-quality fabrication, it also raises questions about legality, government priorities, and the long-term market for such specialized hardware.

via Ars Technica|
#anderon#chips-act#foundry
Quantum Stocks Rally as U.S. CHIPS Push Bets on IBM and Peers
market-news1 day ago

Quantum Stocks Rally as U.S. CHIPS Push Bets on IBM and Peers

Quantum stocks jumped after the U.S. government moved to award $2 billion in CHIPS Act funds to nine quantum companies, with IBM slated to receive the largest share and to co-fund a new quantum foundry called Anderon. The funds spurred rallies across peers such as QBTS (D-Wave), RGTI (Rigetti), INFQ (Infleqtion) and others, illustrating renewed investor enthusiasm amid government backing, even as the sector remains volatile and long-term profitability remains uncertain.

via TipRanks|
#ibm#infq#market-news
IBM posts robust Q1 2026 results, powered by AI tailwinds and stronger cash flow
business1 month ago

IBM posts robust Q1 2026 results, powered by AI tailwinds and stronger cash flow

IBM reported first-quarter 2026 revenue of $15.9 billion, up 9% year over year (6% at constant currency), with software up 11% and infrastructure up 15%, alongside margin gains and double-digit profit and free cash flow growth. Net cash from operating activities was $5.2 billion and free cash flow $2.2 billion; the company returned $1.6 billion to shareholders via dividends and invested in the acquisition of Confluent. IBM also guided full-year constant-currency revenue growth above 5% and about $1 billion higher annual free cash flow, and declared a dividend increase to $1.69 per share for June 10, 2026.

via IBM Newsroom|
#ai-tailwind#business#dividend
IBM pays $17M to settle DEI-related False Claims Act case under Trump-era initiative
business1 month ago

IBM pays $17M to settle DEI-related False Claims Act case under Trump-era initiative

IBM agreed to pay $17,077,043 to resolve DOJ allegations that its DEI policies violated federal anti-discrimination requirements in government contracts, with claims it certified compliance while using race/sex-based targets and altering interview criteria; IBM denies the conduct and says it ended the programs, and the settlement marks the first under the Trump administration’s Civil Rights Fraud Initiative.

via Ars Technica|
#business#civil-rights-fraud-initiative#dei
IBM to pay $17M to settle DOJ DEI lawsuit without admitting liability
business1 month ago

IBM to pay $17M to settle DOJ DEI lawsuit without admitting liability

IBM will pay over $17 million to settle DOJ claims that its DEI practices violated the Civil Rights Act by considering race/sex in hiring and tying demographic targets to bonuses; IBM denies wrongdoing and says the settlement is not an admission of liability, in a move tied to the Civil Rights Fraud Initiative launched in 2025, with other companies like T-Mobile and Meta having ended DEI initiatives.

via Engadget|
#business#civil-rights-act#dei
IBM Resolves Federal DEI Claims with $17 Million Settlement
business1 month ago

IBM Resolves Federal DEI Claims with $17 Million Settlement

IBM agreed to pay roughly $17 million to settle U.S. government allegations that its diversity, equity and inclusion hiring practices in federal contracts were falsely claimed; IBM denies wrongdoing, saying its workforce strategy is about having the right people with the right skills, and the settlement is not an admission of liability amid a broader crackdown on DEI initiatives.

via CNN|
#business#dei#doj
IBM to pay $17M to settle discrimination claims tied to federal contracts
law1 month ago

IBM to pay $17M to settle discrimination claims tied to federal contracts

IBM will pay 17,077,043 to settle False Claims Act allegations that its federal contracts included discriminatory DEI practices, such as a diversity bonus modifier, diverse interview slates, race and sex demographic goals, and restricted training opportunities; the government says these actions violated anti-discrimination provisions, though IBM cooperated and implemented remedial measures; this settlement is the first resolution under the Civil Rights Fraud Initiative.

via Department of Justice (.gov)|
#dei#discrimination#false-claims-act
IBM pays $17 million to resolve DEI-contracting claims
business1 month ago

IBM pays $17 million to resolve DEI-contracting claims

IBM has agreed to pay about $17 million to settle U.S. DOJ allegations that its diversity, equity and inclusion practices in federal contracting involved false claims about hiring and promotion practices. IBM denies discriminatory conduct, and the settlement is described as not an admission of liability. The case fits a broader post‑Trump crackdown on DEI initiatives in government contracting under the False Claims Act.

via CNN|
#business#dei#false-claims-act
IBM Closes Confluent Buy to Power Real-Time Enterprise AI
technology2 months ago

IBM Closes Confluent Buy to Power Real-Time Enterprise AI

IBM has completed its $11 billion acquisition of Confluent, integrating Confluent’s Kafka-based real-time data streaming with IBM’s watsonx.data, MQ, webMethods, and IBM Z to create a live, governed data fabric for enterprise AI and automation across on-premises and hybrid clouds. Day-one integrations deliver continuously updated data for AI models and agents with governance and quality controls, helping move AI from experimentation to production. Customers such as Michelin, L’Oréal, BMW, and Ticketmaster illustrate real-time value, as IBM positions the combined platform as the backbone for event-driven automation and real-time decisioning.

via IBM Newsroom|
#confluent#data-streaming#enterprise-ai
Tech Rally Triggers Market Rebound as AI Fears Ease
markets3 months ago

Tech Rally Triggers Market Rebound as AI Fears Ease

U.S. stocks rose with the Dow about 400 points higher and the S&P 500 up roughly 0.5% and the Nasdaq up about 0.7%, led by IBM and Salesforce in the Dow as AI fears ease. The S&P’s AMD gained traction after a Meta deal to buy GPUs for AI, while semiconductor and software ETFs jumped; but laggards like American Express and JPMorgan kept some risk in check, signaling cautious optimism after the AI-driven selloff.

via Barron's|
#ai#ibm#markets
IQM’s $1.8B SPAC Sparks Quantum Market Shift Amid IBM Court Delay and Coinbase Crypto Prep
technology3 months ago

IQM’s $1.8B SPAC Sparks Quantum Market Shift Amid IBM Court Delay and Coinbase Crypto Prep

IQM Quantum Computers plans an $1.8B SPAC merger with Real Asset Acquisition Corp (RAAQ), aiming to list in the U.S. and Helsinki and raise over $450M; a Naples court halted IBM’s €61M Salerno quantum project on bid-process grounds, creating delay risk; Quantum eMotion is uplisting to the NYSE American to expand U.S. market access; Coinbase is forming an advisory board to assess post-quantum crypto risk and chart a path to upgrades; and quantum tools are beginning to influence game design by testing complex systems early, signaling broader industry adoption.

via TipRanks|
#coin#ibm#ionq