- Business
- International Business Machines Corporation (IBM) provides hybrid cloud and artificial intelligence (AI) solutions; consulting services; and infrastructure systems to enterprises worldwide. Founded in 1911 and headquartered in Armonk, New York, the company operates in over 170 countries through four main segments: Software, which offers hybrid cloud platforms, watsonx.ai for generative AI, data and analytics tools including watsonx.data, and cybersecurity solutions; Consulting, delivering technology advisory, digital transformation, and application management services; Infrastructure, encompassing mainframes such as IBM Z, Power Systems including the new Power11 chips and LinuxONE 5 with Telum II AI processors and Spyre Accelerator, storage, and networking; and Financing, providing leasing and loan options for IBM products. IBM's product portfolio also includes Red Hat open hybrid cloud technologies acquired in 2019, IT automation tools, and services in Internet of Things, mobile, digital workplace, and quantum-safe encryption. In recent developments, IBM completed its $6.4 billion acquisition of HashiCorp in February 2025 to enhance multi-cloud infrastructure automation and security for hybrid cloud and generative AI applications; acquired Seek AI in June 2025 to bolster natural language data analysis within watsonx; and announced intent to acquire DataStax to advance AI capabilities for unstructured data management, alongside launches of Power11 chips in July 2025 for energy-efficient AI inference, LinuxONE 5, and watsonx expansions for enterprise AI integration.