IBM purchases Confluent for $11 billion, expanding its data and automation products for cloud and AI adoption. This deal is crucial for IBM to bolster its AI and automation capabilities as companies rely heavily on data and AI technology. Confluent's real-time data management platform will complement IBM's existing offerings.
Why it matters
This acquisition highlights IBM's strategic push into AI and cloud services, underscoring the growing demand for real-time data management in AI adoption.
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