3 ms·
They did buy Red Hat (for a lot of money) and seem to have generally gotten their AI act together although not as visibly as the high profile SV players. Mainfr
by ghaff 1y ago
They did buy Red Hat (for a lot of money) and seem to have generally gotten their AI act together although not as visibly as the high profile SV players. Mainframe business seems to hum along. There's also quantum though not a big revenue source yet.
So, overall, seems a pretty decent business at this point although not something that is on a lot of HN readers' radars. Yes, it's oriented towards large companies and public sector.
- WillAdams 1y agoYes, but they've made some notable mis-steps: https://www.pennlive.com/news/2021/09/ibm-paid-pa-33m-to-settle-lawsuit-over-jobless-benefits-computer-project.html https://www.pennlive.com/news/2021/09/ibm-paid-pa-33m-to-set... (apparently there were enough states with this problem that there was talk of a class-action lawsuit?)
- georgeecollins 1y agoBuying Red Hat is exactly the behavior John Walker is describing. You don't spend money on R&D, or infrastructure. You acquire a business line and starve it.