IBM was front and center with AI long before the AI bubble.
- Watson won jeopardy in 2011. And IBM launched several successful AI products using the tech.
- Deep Blue beat Kasparov in chess in '97. They also had other NN-based systems for playing games.
IBM is too dysfunctional to innovate like Big Tech has been
Anything Red-Hat touches, like GNOME, GCC, Linux kernel, postman, anything Java is mostly done by Oracle, Red-Hat and IBM as the main ecosystem corporate drivers, PS3 used Cell,....
I'm 2nd gen, I remember the country clubs and IBM Santa. The company no longer cares about its people the way Watson father & son did.
> And yet Big Tech depends on technology owned by IBM
The opposite is true too. We live in a highly interdependent and interconnected world.
https://www.redbooks.ibm.com/abstracts/sg248579.html https://www.redbooks.ibm.com/redbooks/pdfs/sg248579.pdf
Nobody dropping Mainframes.
IBM also has a PCIe add-in card for AI called Spyre, that's also available for POWER11 systems.
IBM had a tradition of not allowing customers to fall down. JES3 took down a bank in Buffalo. Fortunately for the guilty a major snowstorm had shutdown the city for several days. IBM sent in SEs on snowmobiles.
COLT was even worse as it could throw a mainframe into an interrupt cascade. You had to press System Reset, then IPL and pick up the pieces of transactions. It took me a few months to identify where a register got mangled over an interrupt. This was pseudo reentrant code which I came to utterly despise.
I characterized the code as the result of student intern self abuse.
I spent several months flogging that dead horse until I changed jobs. There were later opportunities at other banks that saw COLT on my résumé that I refused.
In the current millennium, IBM has been serially fomenting payroll disasters with Phoenix as it's known in Canada (I don't know what it's called in Australia).
zafka•1w ago
tiffanyh•1w ago
mywittyname•1w ago
It just means that they are assuming a fixed exchange rate for currencies over a period of time (often a month, quarter, or year), rather than reporting foreign income/holdings in current market value dollars.
I'm not an accountant, but I did do dev work for exactly this to align Netsuite with internal dashboards for reporting.