Announced

IBM to acquire DataStax.

Synopsis

IBM, a provider of global hybrid cloud and AI, and consulting expertise, agreed to acquire DataStax, an AI and data solution provider. Financial terms were not disclosed. "Businesses cannot realize the full potential of generative AI without the right infrastructure – open-source tools and technologies that empower developers, harness unstructured data, and provide a strong foundation for AI applications. DataStax possesses deep competency in this area and shares IBM's relentless commitment to simplifying and scaling generative AI for the enterprise," Dinesh Nirmal, IBM Software Senior Vice President.

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