IBM

IBM's board of directors has elected Ramon L. Laguarta, the chairman and CEO of PepsiCo, to its board. This appointment is expected to bring valuable expertise in leveraging technology for large organizations to IBM.

IBM announced a global Request for Proposals (RFP) for its Impact Accelerator program, focusing on AI for education and workforce development. This initiative aims to support organizations in developing solutions to address the widening skills gap and help people adapt to AI-driven changes in the job market. IBM will provide two-year, pro bono technology and implementation grants, including access to its various AI and cloud offerings, and support from its experts.

IBM's shares experienced their steepest daily drop in over 25 years, falling 13.2%, due to fears that Anthropic's Claude Code tool will diminish demand for its mainframe business and COBOL-related services. This decline puts the stock on track for its biggest one-month percentage decline since at least 1968.

IBM released its 2026 X-Force Threat Intelligence Index, highlighting the escalating threat of AI-driven cyberattacks and basic security gaps. This report positions IBM as a key authority in cybersecurity, potentially boosting its consulting and security service offerings.

IBM launched its first Infrastructure Innovation Centre, the Sangam Infrastructure Innovation Centre, in India. This initiative strengthens IBM's position in AI infrastructure and hybrid cloud solutions, enhancing its ability to serve both domestic and global markets.