IBM pledges $150 billion to boost U.S. tech growth, computer manufacturing

IBM pledges 0 billion to boost U.S. tech growth, computer manufacturing


Arvind Krishna, chief executive officer of International Business Machines Corp. (IBM), during a Bloomberg Television interview at the World Governments Summit in Dubai, United Arab Emirates, on Tuesday, Feb. 11, 2025.

Christopher Pike | Bloomberg | Getty Images

International Business Machines Corporation on Monday announced it will invest $150 billion in the U.S. over the next five years, including more than $30 billion to advance American manufacturing of its mainframe and quantum computers.

“We have been focused on American jobs and manufacturing since our founding 114 years ago, and with this investment and manufacturing commitment we are ensuring that IBM remains the epicenter of the world’s most advanced computing and AI capabilities,” IBM CEO Arvind Krishna said in a release.   

The company’s announcement comes weeks after President Donald Trump unveiled a far-reaching and aggressive “reciprocal” tariff policy in an effort to boost manufacturing in the U.S. IBM said its investment will help accelerate America’s role as a global leader in computing and fuel its economy.

This is breaking news. Please refresh for updates.



Source

TeraWulf stock jumps more than 10% as Google boosts stake in datacenter operator
Technology

TeraWulf stock jumps more than 10% as Google boosts stake in datacenter operator

Thomas Fuller | SOPA Images | Lightrocket | Getty Images TeraWulf stock rallied more than 10% after Google hiked its stake in the bitcoin miner and datacenter operator as it funds an expansion of its Lake Mariner, New York, facility. As part of the deal, Google will offer up to $1.4 billion in additional backstop, […]

Read More
Bitcoin sinks to 5,000 after hitting its newest record, as macro concerns spark liquidation wave
Technology

Bitcoin sinks to $115,000 after hitting its newest record, as macro concerns spark liquidation wave

A worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on bitcoin’s price this year. STR | Nurphoto via Getty Images The crypto market tumbled to begin the week as heightened macro concerns triggered more than $500 million in forced selling of long positions. The price of bitcoin […]

Read More
OpenAI’s Sam Altman sees AI bubble forming as industry spending surges
Technology

OpenAI’s Sam Altman sees AI bubble forming as industry spending surges

OpenAI Co-Founder and CEO Sam Altman speaks at Snowflake Summit in San Francisco on June 2, 2025. Justin Sullivan | Getty Images News | Getty Images OpenAI CEO Sam Altman thinks the artificial intelligence market is in a bubble, according to a report from The Verge published Friday.  “When bubbles happen, smart people get overexcited […]

Read More