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00:03IBM is buying Confluent for $11 billion to strengthen its data and automation products
00:08as more companies shift to cloud operations and adopt AI technology, according to TechCrunch.
00:14IBM will pay $31 per Confluent share, a roughly 50% premium to the stock's Friday closing price
00:20before the deal became public. Confluent provides real-time data streaming tools that support AI
00:25inferencing, and IBM said the acquisition will enhance its AI, automation, data, and consulting
00:31products. The move follows a series of AI-focused deals, including IBM's purchases of HashiCorp
00:37and Seek AI, its clawed partnership with Anthropic, and its joint quantum AI architecture work with AMD.
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