The Latest Breaking News from IBM

The S&P 500 index’s 2024 rally continued in June as solid corporate earnings outweighed concerns over slower economic growth and a potential delay in the Fed’s pivot to interest rate cuts. Further, several Wall Street strategists raised their year-end S&P 500 price targets. Hence, top-performing S&P 500 stocks Amazon.com (AMZN),…

Did it not test this?

Fast food giant pulls plug on AI-powered voice-ordering at about 100 outlets after viral videos of order mishaps.

Ever get your McDonald’s order mixed up at an AI-powered drive-thru

The fast-food chain plans to make “an informed decision on a future voice-ordering solution by the end of the year"

The fast-food giant announced it will deactivate this technology in the participating restaurants by July 26, 2024. However, it added that this move does not mark the end of its AI initiatives. The company plans to assess scalable, long-term solutions for voice-ordering technology by the end of 2024.

Restaurant managers allegedly found the IBM-built technology too expensive and inaccurate to adequately replace human workers

Company ends partnership with IBM.

IBM and Japan's AIST are joining forces to create a new quantum computer with 10,000 qubits. This new machine will have 75x more qubits than today's smartest quantum computers, putting it on a track of vastly increased correctness over today's quantum processing.