"IBM is in advanced talks to acquire data streaming platform Confluent for approximately $11 billion. The deal could be announced as early as today and could mark the next phase of IBM's acquisition spree. If the deal goes through for $11 billion, that is a hefty sum above the $8 billion that Confluent is worth on the stock market. The Wall Street Journal was the first to report on the potential acquisition, with sources stating that talks are at an advanced stage."
"Confluent simplifies the management of real-time data streams used in large AI models. The AI explosion has significantly increased demand for these capabilities among companies in a wide range of sectors, from retail to manufacturing. These real-time AI insights are particularly useful for preventing or limiting downtime, especially when it comes to diagnostic data from equipment or the availability of online services."
IBM is in advanced talks to acquire Confluent for approximately $11 billion, a price notably above Confluent's roughly $8 billion market valuation. The talks could produce an announcement soon, though the deal could still fall through or be blocked by regulators. Confluent streamlines management of real-time data streams for large AI models, and rising AI demand has increased interest across sectors from retail to manufacturing. Real-time AI insights help prevent or limit downtime by analyzing diagnostic equipment data and online service availability. Earlier this year IBM acquired DataStax to bolster watsonx, and recent acquisitions aim to bring data and AI closer together.
Read at Techzine Global
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