IBM advances AI strategy with $11B Confluent acquisition, boosting real-time data processing and hybrid cloud capabilities.

IBM has struck a definitive agreement to buy real-time data streaming platform developer Confluent in a deal valued at $11 billion, the companies said Monday. IBM said that with Confluent’s technology ...

Key Takeaways Confluent stock jumped nearly 30% Monday morning after IBM announced a deal to acquire the company.IBM will pay $31 per share for the data management software maker, valuing Confluent at ...

IBM's focus on enterprise solutions misses consumer cloud and AI demand, leading to underperformance compared to competitors like Microsoft, AWS, Google, and Oracle. Recent earnings show software ...