IBM has announced its intention to acquire the data-streaming platform Confluent in a deal valued at $11 billion. This acquisition aims to enhance IBM"s artificial intelligence services.
The move is part of IBM"s strategy to expand its capabilities in the rapidly growing field of AI. Confluent specializes in real-time data streaming, which is increasingly important for businesses looking to leverage data for decision-making and operational efficiency.
This acquisition follows a trend of consolidation in the technology sector, as companies seek to bolster their offerings in AI and data analytics. IBM"s purchase of Confluent is expected to strengthen its position in the competitive landscape of AI services.
For more on related developments, see our coverage on Baidu"s autonomous robotaxi incident.
Image for IBM to buy Confluent in $11 billion takeover to expand AI services
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