In an effort to strengthen its AI products, International Business Machines Corporation (IBM) is purchasing the data-streaming platform Confluent. IBM will pay $31 per share in cash as part of the $11 billion (€9.44 billion) purchase, which is around 34% more than Confluent’s closing price on Friday. A statement issued on Monday stated that the deal is expected to be finished by the middle of 2026.
According to IBM CEO Arvind Krishna, “IBM and Confluent together will enable enterprises to deploy generative and agentic AI better and faster by providing trusted communication and data flow. More precisely, Confluent offers technology that will be integrated with IBM’s own AI tools to enable businesses to transport and process data quickly.
The grocery delivery service Instacart, the tire maker Michelin, and the ticket sales company Ticketmaster are examples of Confluent’s clientele. IBM stated on Monday that it anticipates global data growth to more than quadruple by 2028 due to the growing demands on IT departments brought on by the ongoing use of AI. The business has been expanding its AI products and purchasing several software firms under CEO Arvind Krishna.
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