IBM (NYSE:IBM) is facing a lawsuit that accuses the company of racially discriminatory layoffs targeting Black executives. The suit alleges a pattern of race based terminations tied to shifts in regulatory and compliance priorities. The case raises questions about IBM's diversity, equity, and inclusion practices and its internal governance controls. For investors following NYSE:IBM as a large enterprise technology and services provider, this case adds a social and governance angle to the...
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Quantum Motion on Thursday said it raised $160 million to fund its effort to build a quantum computer that is smaller, cheaper and more energy efficient than rivals using standard silicon chipmaking techniques. Quantum computers hold the promise of solving problems that regular computing machines cannot. Unlike the transistors in an everyday computer that can only represent a zero or a one at any given time, a qubit can represent both at once.
Moby summary of Kyndryl Holdings, Inc.'s Q4 2026 earnings call
Software provider Kyndryl said it would cut jobs as part of a new cost-saving plan and forecast annual pretax profit below Wall Street estimates on Wednesday. • The cuts come after the software provider delayed the filing of its October-December report, made several management changes, and launched an accounting review over "potential weaknesses" found in its internal controls. Kyndryl did not disclose how many jobs would be affected by the move.