134.30 -0.10 (-0.07%)
After hours: 5:50PM EST
|Bid||134.25 x 1000|
|Ask||134.05 x 900|
|Day's Range||134.03 - 135.12|
|52 Week Range||105.94 - 152.95|
|Beta (3Y Monthly)||1.34|
|PE Ratio (TTM)||15.62|
|Earnings Date||Jan 21, 2020|
|Forward Dividend & Yield||6.48 (4.82%)|
|1y Target Est||148.11|
With over 700,000 unfilled tech jobs in the U.S., big tech companies are trying out novel ways to hire the next generation of workers. IBM believes apprenticeships are one way to bridge the ever-growing technology skills gap. IBM Vice President of People and Culture Obed Louissaint and IBM Apprentice Suriana Rodriguez joins The Final Round to discuss.
Amazon is protesting the Pentagon's decision to award Microsoft a $10 billion DoD contract.
(Bloomberg Opinion) -- In a landmark paper published in 1950, the mathematician Alan Turing proposed the eponymous Turing Test to decide whether a computer can demonstrate human-like intelligence. To pass the test, the computer must fool a human judge into believing it’s a person after a five-minute conversation conducted via text. Turing predicted that by the year 2000, a computer would be able to convince 30% of human judges; that criterion became a touchstone of artificial intelligence.Although it took a bit longer than Turing predicted, a Russian chatbot presenting itself as a 13-year-old Ukrainian boy named Eugene Goostman was able to dupe 33% of judges in a competition held in 2014. Perhaps the cleverest aspect of the machine’s design was that its teenage disguise made it more likely that people would excuse its broken grammar and general silliness. Nevertheless, the strategy of misdirection comes across as transparent and superficial in conversations the chatbot had with skeptical journalists — so much so that one marvels not at the computer’s purported intelligence, but at the gullibility of the judges. Sadly, conquering the Turing Test has brought us no closer to solving AI's big problems.Last month, quantum computing achieved its own controversial milestone. This field aims to harness the laws of quantum mechanics to revolutionize computing. Classical computers rely on memory units called bits that encode either zero or one, so a state of the memory is a sequence of zeros and ones. Quantum computers, by contrast, use qubits, each of which encodes a “combination” of zero and one. In a quantum computer, multiple qubits interact, which means that each of the exponentially(1) many sequences of bits is represented simultaneously.The key question is whether this strange power can be exploited to perform computations that are beyond the reach of classical computers. Demonstrating even one such computation, however contrived, would lead to “quantum supremacy” — a term coined by physicist John Preskill of the California Institute of Technology in 2012. By this standard, Google appears to have achieved quantum supremacy. Specifically, the company said in October that its team used a 53-qubit quantum computer to generate random sequences of bits, which depend on controlled interactions between its qubits. By Google’s calculations it would take 10,000 years to carry out the same task using classical computation.(2) There is no doubt that controlling a 53-qubit quantum computer is a feat of science and engineering. As Preskill put it, “the recent achievement by the Google team bolsters our confidence that quantum computing is merely really, really hard,” rather than being “ridiculously hard.”As long as Google’s quantum computer works as intended, however, its dominance isn’t surprising — because the competition is rigged. It’s a bit like building a robotic hand that flips coins according to given parameters (such as, totally off the top of my head, the angle between the normal to the coin and the angular momentum vector), and then challenging a classical computer to generate sequences of heads and tails that obey the same laws of physics. This robot hand would perform astounding feats of coin-flipping but wouldn’t be able to do kindergarten arithmetic — and neither can Google’s quantum computer.It’s unclear, therefore, whether quantum supremacy is a meaningful milestone in the quest to build a useful quantum computer. To mention just one major obstacle (there are several), reliable quantum computing requires error correction. The catch is that quantum error correction protocols themselves demand fairly reliable qubits — and lots of them.In some ways, quantum supremacy is akin to iconic AI milestones like the Turing Test, or IBM’s chess victory over Gary Kasparov in 1997, which was also an engineering tour de force. These achievements demonstrate specialized capabilities and garner widespread attention, but their impact on the overarching goals of their respective fields may ultimately be limited.The danger is that excessive publicity creates inflated expectations of an imminent revolution in computing, despite measured commentary from experts. AI again provides historical precedent: The field has famously gone through several AI winters — decades in which talent fled and research funding ran dry — driven in large part by expectations that failed to materialize.Quantum computing research started three decades after AI, in the 1980s, and experienced a burst of excitement following the invention in 1994 by the Massachusetts Institute of Technology mathematician Peter Shor of a quantum algorithm that would, in theory, crush modern cryptography. But eventually the dearth of, well, quantum computers caught up with quantum computing, and by 2005 the field was experiencing a massive downturn. The current quantum spring started only a few years ago; its signs include a surge of academic research as well as major investments by governments and tech giants like Alphabet Inc., International Business Machines Corp. and Intel Corp.Quantum computing and AI are two distinct fields — despite what whoever came up with the name Google AI Quantum would have you believe — and what is true for one isn't necessarily true for the other. But quantum computing can learn from AI's much longer career as an alternatively overhyped and underappreciated field. I am tempted to say that the chief lesson is “winter is coming,” but it is actually this: the pursuit of artificial milestones is a double-edged blade.(1) I am reminded of a mathematician’s plea to stop abusing the word “exponentially”; here I am using it in a way he would approve of.(2) The calculation was credibly disputed by IBM, but both companies agree that quantum computers are vastly more efficient than classical computers at this particular task.To contact the author of this story: Ariel Procaccia at email@example.comTo contact the editor responsible for this story: Jonathan Landman at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Ariel Procaccia is an associate professor in the computer science department at Carnegie Mellon University. His areas of expertise include artificial intelligence, theoretical computer science and algorithmic game theory.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
The rise of Big Tech has a lot of people concerned. German Chancellor Angela Merkel recently said as much, saying that the European Union should claim “digital sovereignty” from the Silicon Valley tech giants that control the cloud. Based on figures from their most recent earnings reports, Amazon.com Inc (NASDAQ: AMZN) and Microsoft Corporation (NASDAQ: MSFT) collectively control roughly 63% of the global cloud computing market.
SACRAMENTO, Calif., Nov. 14, 2019 /PRNewswire/ -- Today, the California Department of Industrial Relations, the California Division of Apprenticeship Standards (DAS), the Department of Technology (CDT), SEIU Local 1000 (Local 1000), and various state agencies along with IBM (NYSE: IBM) announced the state's first-ever public-private partnership focused on creating a technology apprenticeship program. This program will adopt IBM's proven apprenticeship model to address a statewide skills shortage in three critical fields: Mainframe System Administration (MSA), Software Engineering (SWE), and Application Development (AD). Sponsors of the zSystems Apprenticeship Pilot Program are the California Government Operations Agency, Employment Development Department, California Labor and Workforce Development Agency, California Department of Technology, Franchise Tax Board, California Department of Industrial Relations, Department of Motor Vehicles, and SEIU Local 1000.
Technology company IBM said on Thursday it will launch a new weather forecasting system which will be able to predict conditions up to 12 hours in advance and cover parts of the world which have not had access to such detailed data. Demand for very precise and quicker weather forecasts has grown as more extreme conditions increase due to climate change and as more variable renewable energy goes to the grid. The system, known as IBM GRAF - the Global High-Resolution Atmospheric Forecasting System - will run on a supercomputer and provide more detailed and higher quality forecasts.
(Bloomberg) -- Microsoft Corp. and Salesforce.com Inc. are connecting more of their software and Salesforce will use Microsoft’s Azure cloud for part of its business, a thaw in a relationship that grew chilly several years ago when both companies pursued the same acquisition. The agreement, to connect some of Salesforce’s software with Microsoft’s Teams corporate chat and use Azure for Salesforce’s Marketing Cloud, expands an existing strategic relationship forged in the early days of Microsoft Chief Executive Officer Satya Nadella’s tenure. But the relationship grew strained in 2016 after Microsoft beat Salesforce to acquire LinkedIn and Salesforce complained to European regulators about the deal. The two companies have not announced any partnerships since. Microsoft and Salesforce compete for customers who want cloud-based software programs for customer management. Nadella, who once ran that business for Microsoft, has invested more effort into bolstering his company’s products in that area. The LinkedIn purchase was a key part of that plan, and Salesforce co-CEO Marc Benioff was said to have been angered at Microsoft’s actions. Still the two companies, among the biggest makers of cloud-based corporate applications, have many areas in which they can cooperate and Microsoft wants to lure large technology company customers to Azure, which trails cloud-computing market leader Amazon.com Inc. As part of the deal, Salesforce will connect its Sales Cloud and Service Cloud with Microsoft’s Teams, the companies said Thursday in a statement. Teams is trying to gain customers from rival Slack Technologies Inc. Salesforce had previously run Marketing Cloud on its internal systems, but uses other cloud providers for different parts of its business. The San Francisco-based company has leveraged infrastructure cloud deals as a way to sweeten partnerships. In 2017, as part of a tie-up with Alphabet Inc. to connect Google Analytics to Salesforce programs, Salesforce said it would host some of its core services on Google Cloud Platform as it expands globally—calling Google a “preferred public cloud provider.” The following year, Salesforce dubbed International Business Machines Corp. a "preferred cloud services provider" as part of an alliance to use IBM’s artificial intelligence with Salesforce software. It also does business with Amazon Web Services.Microsoft and Salesforce's deepening partnership in some areas comes amid greater competition between the companies elsewhere. Salesforce said in June it would pay more than $15 billion to buy Tableau Software Inc., a maker of analytics programs. Tableau and Microsoft compete in the market for business intelligence software. To contact the authors of this story: Dina Bass in Seattle at email@example.comNico Grant in San Francisco at firstname.lastname@example.orgTo contact the editor responsible for this story: Andrew Pollack at email@example.com, Alistair BarrJillian WardFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Scott Hassan is reportedly accused by his wife, who he is separated from, of selling assets of the creator of the Beam video conferencing robot for $400,000 when it should have fetched a pricetag of tens of millions.
Financial planners often recommend the 4% rule as a guideline for determining the annual amount that a retiree can withdraw from portfolios without depleting their nest egg over a 30-year retirement. And high-yield dividend stocks are a critical component of executing this strategy.Financial adviser William Bengen devised the 4% rule after evaluating stock and bond data across several decades and discovering that a pattern of 4% yearly withdrawals provided reasonable security without bleeding a portfolio dry for at least 30 years, even through occasional market downturns.The concept is simple: Draw down 4% of the portfolio value in the first year of retirement, then a matching amount (adjusted for inflation) in each subsequent year. Bengen himself later updated the number from 4% to 4.5%.It's a good starting point for planning a comfortable retirement, but investors must consider a couple factors when applying it. For instance, the 4% rule doesn't account for big one-time purchases that might push your spending growth above the rate of inflation. It also assumes future market performance will resemble past results.That said, income from your investments can count toward that amount, so if you draw a high (and preferably growing) yield from your portfolio, it means you'll only need minimal price appreciation to remain on track.Here are 14 high-yield dividend stocks to buy that yield 4% or more. These picks have other qualities that are beneficial to retirees, too - some feature much lower volatility than the broader market, and many are consistent dividend raisers whose payouts may keep up with or even outrun inflation. SEE ALSO: 20 Dividend Stocks to Fund 20 Years of Retirement
(Bloomberg) -- Microsoft Corp. is sending representatives to a series of meetings with Pentagon officials Wednesday to discuss how companies can contribute to the military’s work on artificial intelligence, according to a list of participants reviewed by Bloomberg. Microsoft is the only Big Tech company set to attend the event, which is likely to draw objections from employees and protesters who have broad concerns about the use of AI for military purposes.About 140 companies and organizations are on the list of attendees, which includes Boeing Co., International Business Machines Corp. and Lockheed Martin Corp. Anduril Industries Inc., a new startup from former Facebook Inc. executive Palmer Luckey, will also be there. The defense contractor began working this year on Project Maven, a technology unit of the Pentagon whose official name is the Algorithmic Warfare Cross-Functional Team.For the last two years, Maven has been at the center of a contentious public debate over the technology industry’s willingness to help build military technology. The project uses computer vision software to automatically analyze footage gathered by U.S. military drones. Google, an early participant in Maven, said last summer it would stop working on the project, following protests from employees who said the work strayed too closely to autonomous weaponry. Employees at Clarifai, a small computer vision startup, also objected to Maven, although that company continued to work on the project. It is on the list of attendees for this week’s meetings, which are co-hosted by Maven officials.Wednesday’s event is billed as an “AI Industry Day,” and the stated goal is to develop AI technology to assist soldiers in the field. The government said it is particularly interested in facial recognition, natural language processing, social media data and drone footage.Microsoft has made significant inroads with its military business over the last year. It won a contract a year ago worth as much as $480 million to build combat-ready versions of its HoloLens augmented reality headsets. Last month, it also won a $10 billion contract called Joint Enterprise Defense Infrastructure, or JEDI, to build cloud computing infrastructure for the Defense Department.Both contracts inspired criticism from Microsoft employees who said they hadn’t signed up to build weaponry. The company’s executives have consistently said they would not step back from working with the U.S. military. In a meeting with employees the week after the company won the JEDI contract, Microsoft Chief Executive Officer Satya Nadella said he respected dissenting opinions but that the company had always been unambiguous about its military work, according to a person who attended and asked not to be identified discussing a private event. A Microsoft spokesman declined to comment. Microsoft’s ties to government work have caused controversy in other areas, too. Workers at Microsoft’s GitHub unit have asked the company to cancel a contract with the U.S. Immigration and Customs Enforcement agency. On Wednesday morning, a group of protesters gathered at a GitHub conference in San Francisco to draw attention to the issue.The Defense Department has put increasing focus on AI in recent years. It sees the technology as key to geopolitical competition with China. But building it has come with challenges. U.S. officials have spoken openly about tensions in the military’s relationship with tech companies.“Some employees in the tech industry see no compelling reason to work with the Department of Defense,” Lieutenant General Jack Shanahan, the head of the Pentagon’s Joint Artificial Intelligence Center, said at an event last week. Their reluctance, he said, often came from the government’s inability to adapt to the pace of the private sector: “We don’t make it easy for them.”(Updates with GitHub protests in the seventh paragraph.)To contact the author of this story: Joshua Brustein in New York at firstname.lastname@example.orgTo contact the editor responsible for this story: Mark Milian at email@example.com, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of International Business Machines Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
The IBM (IBM) board of directors has elected Thomas Buberl to the board, effective April 28, 2020. Mr. Buberl, 46, is the chief executive officer of AXA S.A. Headquartered in Paris, France, AXA is one of the world’s largest global insurance firms. Since becoming CEO in September 2016, Mr. Buberl has been leading AXA through a digital transformation, accelerating business innovation and leveraging data to meet customers’ rapidly evolving needs in the digital world.
ARMONK, N.Y., Nov. 12, 2019 /PRNewswire/ -- IBM's 20th edition of its bi-annual C-Suite Study (NYSE: IBM), "Build Your Trust Advantage," polled nearly 13,500 C-level executives across the globe to examine how companies are achieving market leadership by emphasizing trust in their use and sharing of data. The study, conducted by IBM Institute for Business Value (IBV) in cooperation with Oxford Economics, surveyed C-Suite executives who oversee leading brands across 98 countries and 20 industries in today's increasingly complex, data-driven world. The study found that market leadership is most frequently attained when an organization establishes a high level of trust in the data from its customers, its own business processes, and across its partner ecosystem.
Allied Against Cancer will work to improve access to high-quality cancer treatment ARMONK, N.Y. , Nov. 11, 2019 /PRNewswire/ -- IBM (NYSE: IBM ), American Cancer Society (ACS), the National Comprehensive ...
Deloitte’s Irfan Saif and Maureen Mohlenkamp By Oliver Estreich From CRM tools offered by Salesforce.com Inc to highly-complex products from IBM, artificial intelligence (AI) has become central to corporate strategy. While the use of AI is mixed across organizations and industries, early adopters are quickly realizing that building trustworthy AI programs – using related data […]
DOW UPDATE Behind declines for shares of IBM and 3M, the Dow Jones Industrial Average is declining Monday afternoon. The Dow (DJIA) was most recently trading 36 points lower (-0.1%), as shares of IBM (IBM) and 3M (MMM) have contributed to the index's intraday decline.
Chief tech officer Hillery Hunter stresses "strength in security, open innovation and helping clients solve the world’s thorniest issues."
DOW UPDATE Behind declines for shares of Exxon Mobil and Verizon Communications Inc., the Dow Jones Industrial Average is falling Friday morning. Shares of Exxon Mobil (XOM) and Verizon Communications Inc.