01:51:53 EDT Sat 19 Jul 2025
Enter Symbol
or Name
USA
CA



IBM CDR (CAD Hedged)
Symbol IBM
Shares Issued 1,050,000
Close 2025-07-08 C$ 44.00
Market Cap C$ 46,200,000
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Globe/wire say IBM chips to simplify AI in business

2025-07-09 08:24 ET - In the News

Also In the News (C-AMD) Advanced Micro Devices CDR (CAD Hedged)
Also In the News (C-INTC) Intel CDR (CAD Hedged)
Also In the News (C-NVDA) Nvidia CDR (CAD Hedged)

The Globe and Mail reports in its Wednesday, July 9, edition that IBM has announced a new line of Power11 data centre chips and servers, claiming they will be more power-efficient and simplify artificial intelligence rollout in business operations. A Reuters dispatch to The Globe reports that this marks the first major update to its "Power" line since 2020, competing against Intel and Advanced Micro Devices, particularly in sectors like finance, manufacturing and health care. Like Nvidia's AI servers, IBM's Power systems are an integrated package of chips and software. IBM Power systems manager Tom McPherson highlighted that IBM's tight coupling enhances reliability and security. The Power11 systems, available from July 25, require no planned downtime for software updates and average just over 30 seconds of unplanned downtime annually. IBM said the Power11 systems are also designed to detect and respond within a minute to a ransomware attack. In the fourth quarter of this year, IBM plans to integrate Power11 with Spyre, its AI chip introduced last year. Mr. McPherson says IBM is not competing with Nvidia in creating AI systems but is focused on simplifying AI deployment for speeding up business tasks.

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