IBM’s $11 Billion "Power Grab": Why They Really Bought Confluent
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IBM’s $11 Billion "Power Grab": Why They Really Bought Confluent
While the world is obsessed with NVIDIA GPUs and AI models, IBM just walked into the casino and dropped $11 Billion on the "plumbing" of the internet. 🎰📉 In tonight’s episode of Front Page, we break down IBM’s massive acquisition of Confluent—the company behind Apache Kafka. Why is Big Blue paying a 40% premium to own the real-time ...
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IBM announced Monday that it is acquiring data streaming platform Confluent in a deal worth $11 billion. IBM CEO Arvind Krishna said Confluent will be part of its software unit. “Data, and especially real-time data, is incredibly important to how an enterprise functions,” Krishna told CNBC. “Confluent has the most capable technology to unlock the real-time value of data,” he said. Read more: cnb.cx/4aIDdnc | CNBC
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