IBM is committing more than $1.2 billion to expand its data centres and support cloud computing initiatives, in anticipation of a $200 billion global market for cloud services by 2020.
In 2013, IBM acquired cloud services company SoftLayer (founded in 2005), which rents out servers starting at $159 a month for a dedicated machine, some of the rentals made via Digital Realty (NYSE: DLR).
IBM is also building out a Watson division at a cost $1bn. Watson is IBM's AI machine which has built-in natural language capabilities. It aims to use SoftLayer as a cloud distribution mechanism for services based off Watson.
In 2013, IBM acquired cloud services company SoftLayer (founded in 2005), which rents out servers starting at $159 a month for a dedicated machine, some of the rentals made via Digital Realty (NYSE: DLR).
IBM is also building out a Watson division at a cost $1bn. Watson is IBM's AI machine which has built-in natural language capabilities. It aims to use SoftLayer as a cloud distribution mechanism for services based off Watson.
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