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UK shelves £110m frictionless post-Brexit trade border project
PoliticsFTThe Guardian10d ago2 sources

UK shelves £110m frictionless post-Brexit trade border project

Programme launched by last Tory government was worked on by Deloitte and IBM but was paused in 2024 Business live – latest updates The UK government has shelved a project to simplify trade border processes post-Brexit, after spending £110m on a contract with Deloitte and IBM for it, according to reports. The last Conservative government promised in 2020 to create the “world’s most effective border” by 2025 as part of their plan for a new trade system after Britain left the EU. Continue reading...

IBM Shares Plummet as AI Innovations Disrupt Software Market
Businessdennik-n1d ago

IBM Shares Plummet as AI Innovations Disrupt Software Market

IBM's shares experienced their largest single-day drop in 25 years, as AI innovations continue to shake up the software market. Financial experts, including Nassim Taleb, have warned about the potential for industry shocks due to artificial intelligence's transformative impact on work and business.

Financeforbes3d ago

IBM Stock: On Sale, Not Dying

An article argues that IBM stock is currently undervalued and on sale, rather than indicating a decline in the company's performance.

IBM stock’s worst single-day drop in 25 yrs over Anthropic tool
BusinessTimes of India3d ago

IBM stock’s worst single-day drop in 25 yrs over Anthropic tool

IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core mainframe business. This AI advancement could compress years-long, costly migration projects into months, impacting recurring revenue from hardware, software, and services. The market reacted swiftly, signaling a potential shift in the legacy IT services landscape.