Could the Cognitus Acquisition Be IBM's Most Significant AI Move in Years? [Yahoo! Finance]
International Business Machines Corporation (IBM)
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Source: Yahoo! Finance
Cognitus will add to IBM's expanding AI technology, as well as to its consulting services. 10 stocks we like better than International Business Machines › Tech giant International Business Machines (NYSE: IBM) has been investing in artificial intelligence (AI) for decades, and now, these efforts are paying off. Its stock has soared over 40% year to date. To further expand its AI technology, IBM has turned to acquisitions -- and one of its next ones will be Cognitus. On the surface, this deal might not seem to be related to AI, since Cognitus specializes in enterprise resource planning systems, specifically within the SAP ecosystem. But when you dig into the details, it becomes clear that Cognitus really can help IBM with its AI efforts. To understand how the Cognitus acquisition bolsters IBM's AI offerings, a bit of background is required. Across Big Blue's storied history, it has served consumer, corporate, and government customers. With the advents of artificial intellige
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