IBM Buys Confluent for $11B, Boosts AI Data Management

IBMs acquisition of Confluent, a data management software company, for $31 per share, valuing it at $11 billion, highlights the growing significance of data management in todays tech landscape. Confluent specializes in AI data readiness, and IBM aims to bolster its software business and hybrid cloud ecosystem with this deal. The acquisition sent Confluents shares surging by 29% and contributed to IBMs 42% year-to-date gain, making it a top performer in the Dow Jones Industrial Average.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.