IBM accelerates cloud drive with $11 billion Confluent deal as AI demand booms
IBM said on Monday it will buy data infrastructure company Confluent in a deal valued at $11 billion, ramping up its cloud-computing offerings to capitalize on an AI-driven demand boom.
Big Blue, under CEO Arvind Krishna, has doubled down on M&A to beef up its cloud and software business – a high-growth, high-margin area – as customers invest to upgrade their digital infrastructure to house complex artificial intelligence applications.
