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11. International Business Machines Corporation (NYSE:IBM)

Number of Hedge Fund Holders: 59

On June 26, Deloitte, IBM and Red Hat’s Lightwell announced a joint collaboration aiming to address vulnerabilities in open source software supply chains as artificial intelligence makes cyber-attacks faster and more automated.

Together, the three organizations will be able to offer their customers four areas of coverage. These include continuous mapping and scanning of software components; prioritizing active threats according to severity and exploitability; automated patch validation and deployment; as well as compliance reporting for boards, auditors, and regulators.

Deloitte will serve as an integration collaborator for Lightwell, adding its cyber-risk services, software supply-chain architecture, and engineering support to the large-scale enterprise open source security model deployed by IBM and Red Hat.

Lightwell will be contributing to the collaboration by decoupling open source software security remediation from the traditional software upgrade cycle. In simpler words, it will be able to fix vulnerabilities without the need for disruptive upgrades.

According to Savio Rodrigues, Vice President of Service Partners at IBM, the initiative will enable bringing together the “engineering, automation, and ecosystem partnerships needed to tackle this risk at scale.”

Separately, on June 25, IBM unveiled a major semiconductor technological advancement by introducing the world’s first sub-1 nanometer (nm) chip technology. Featuring a revolutionary transistor architecture at the 0.7 nm, or 7 angstrom node, the announcement comes at a time when chipmakers are racing to pack more computing power into smaller spaces and handle increasingly demanding AI workloads.

According to the company, their 0.7-nanometer chip packs nearly 100 billion transistors onto a fingernail-sized surface. This is about twice the density of its 2-nanometer chip unveiled back in 2021, with 50% higher performance or 70% greater energy efficiency.

International Business Machines Corporation (NYSE:IBM) is a multinational technology company and a pioneer in artificial intelligence, offering AI consulting services and a suite of AI software products.