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IBM

Canadian CEOs Lead AI Push, Struggle to Scale

May 7, 2025 by Newsdesk

Canadian CEOs are aggressively pursuing AI adoption, with 72% actively implementing AI agents—outpacing the global average of 61%, according to IBM’s 2025 CEO Study. Despite this enthusiasm, only 14% of Canadian AI initiatives have scaled successfully, and just 27% have delivered expected ROI. Leaders cite data integration and workforce readiness as key challenges.

Vancouver International Airport is spotlighted for embedding AI across operations, including digital twins and AI assistants. IBM Canada’s Rob Wilmot says the focus must now shift from ambition to execution. CEOs are prioritizing upskilling and risk-taking to drive productivity and long-term competitive advantage.

Want to know more? Check out the source code here.

Ottawa Invests $210M More in IBM Chip Plant

May 2, 2025 by Newsdesk

The federal government is investing an additional $210 million in IBM’s semiconductor packaging plant in Bromont, Quebec. The funding, delivered via the Strategic Innovation Fund, supports new equipment and collaboration with R&D hub C2MI.

IBM is midway through a $1-billion upgrade plan for the site—North America’s largest semiconductor packaging facility—where chips are assembled, cooled, and protected for use. Ottawa previously awarded $59.9 million to the project in 2024. IBM’s expanded capabilities are key to reshoring chip production amid geopolitical uncertainty, with Bromont supporting U.S. fabrication efforts tied to the CHIPS Act.

Want to know more? Check out the source code on The Logic.

IBM Report: Generative AI to Reshape Banking in 2025

February 5, 2025 by Newsdesk

IBM’s 2025 Outlook for Banking and Financial Markets highlights generative AI’s rapid adoption in financial services, with banks moving from pilot projects to enterprise-wide AI integration. The report reveals 60% of banking CEOs recognize the need for calculated risk-taking to stay competitive.

Branchless banking is growing, but institutions are prioritizing higher-value services like embedded finance. IBM’s Shanker Ramamurthy notes banks are leveraging AI for customer experience, efficiency, and risk reduction. The study, analyzing global financial trends, underscores the industry’s ongoing transformation through AI and automation.

Want to know more? Check out the source code on Newswire.ca.

Automotive 2035 Report: Electrification and AI Dominate

December 12, 2024 by Newsdesk

IBM’s Automotive 2035 study reveals a turbulent transition for the auto industry, with 80% of new cars expected to feature electrified powertrains by 2035. Executives believe vehicles will become software-defined and AI-powered, with 75% citing digital experiences as key to brand value.

The shift toward subscription-based services demands overhauls in software and hardware architecture. Challenges include outdated development tools and a mechanical-driven culture, with R&D budgets for software expected to triple to 58%. IBM’s Jeff Schlageter emphasizes leveraging cloud and AI to accelerate innovation, creating personalized experiences for customers in the software-defined vehicle era.

Want to know more? Check out the source code on Newswire.ca.

IBM Unveils Breakthrough Optics for AI Data Centers

December 11, 2024 by Newsdesk

IBM has revealed groundbreaking co-packaged optics (CPO) research, enabling optical communication inside data centers for faster AI processing. By using polymer optical waveguides (PWG), IBM’s innovation could deliver 80x faster bandwidth than current chip connections.

    CPO technology promises to reduce energy consumption by over 5x, cut AI model training times from three months to three weeks, and save energy equivalent to 5,000 U.S. homes annually. The innovation boosts chip interconnect density and ensures reliability under extreme conditions. “This breakthrough will future-proof data centers for AI demands,” said Dario Gil, IBM’s SVP of Research.

    Want to know more? Check out the source code on Newswire.ca.

    Canada Invests $60M in IBM’s Quebec Semiconductor Expansion

    April 26, 2024 by Newsdesk

    The Canadian government has announced a $59.9 million investment into IBM’s $1 billion expansion of its semiconductor packaging plant in Bromont, Quebec. This financing comes from the federal Strategic Innovation Fund, supporting a $226.5-million development to expand IBM’s facility and develop quantum technologies with Centre de Collaboration MiQro Innovation. Quebec will also contribute, providing $40 million, including a $30-million forgivable loan for equipment.

    IBM’s Bromont facility is the largest in North America for semiconductor packaging, a crucial late stage in chip manufacturing. This expansion is part of Canada’s strategy to participate in reshoring chip supply chains. With new semiconductor foundries emerging across the U.S., the demand for packaging is growing. IBM’s $1-billion investment will cover capital and operating costs over the next five years.

    Want to know more? Check out the source code on The Logic. Image: IBM

    University of Ottawa and IBM Team Up to Launch uOttawa-IBM Cyber Range

    October 19, 2023 by Newsdesk

    The University of Ottawa and IBM Canada have unveiled the uOttawa-IBM Cyber Range, a pioneering initiative offering realistic cyber response training.

    This partnership equips businesses and government organizations to bolster their defense against cyber threats. The Cyber Range integrates into academic programs and offers microprograms and industry certifications.

    A recent IBM report highlighted that Canadian companies face high data breach costs. The training provided by uOttawa-IBM Cyber Range is proven to reduce breach costs.

    This facility, backed by a multi-million-dollar investment, bolsters Canada’s cyber resilience, aligning with the global rise in cyberattacks.

    Want to know more? Check out the source code here.

    Quebec’s Quantum Leap: IBM Unveils Advanced Quantum System in Canada

    September 22, 2023 by Newsdesk

    The Platform for Digital and Quantum Innovation of Quebec (PINQ²) has proudly unveiled IBM Quantum System One at IBM Bromont, solidifying Quebec’s position in quantum computing.

    This achievement marks a significant milestone in quantum technological progress, propelling Quebec and Canada as major players in quantum sciences. The installation boosts innovation zones, aiding various sectors from sustainable development to energy transition.

    The collaboration aims to explore quantum computing solutions for sustainability challenges. Quebec now stands as a global hub outside the United States with the capability to accelerate quantum software development.

    Want to know more? Check out the source code here.

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