3 days ago
IBM Expands Access to Quantum Education and Launches New AI Chips
Tech giant IBM (IBM) is making major moves in both quantum education and artificial intelligence technology. First, the company has completed the initial phase of moving its Quantum Learning tools to the new IBM Quantum Platform, which is now hosted on IBM Cloud. This upgrade makes learning easier, more accessible, and free for everyone as we move closer to the era of quantum computing. Indeed, the new platform features a cleaner, more user-friendly design that helps learners find and use content more easily.
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IBM also launched Qiskit classroom modules, which are ready-to-use Jupyter notebooks made for educators to bring quantum computing into the classroom. These short lessons come with clear explanations, code examples, practice exercises, and optional videos. While advanced features require access to IBM's quantum processors, free users can still build a strong foundation. The new platform, now available at replaces the old one, and IBM plans to add more features soon.
At the same time, IBM is improving its AI capabilities with the launch of new Power11 chips and servers. These will be available starting July 25 and are designed to help businesses run AI tasks more efficiently in data centers. Power11 offers up to 55% better performance than Power9 and up to 45% more capacity in some systems compared to Power10. It is also the first IBM Power server to support the company's new AI chip, Spyre Accelerator. Interestingly, the system is built for reliability, with zero planned downtime during maintenance and the ability to detect ransomware threats in under a minute.
What Is the Target Price for IBM?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on IBM stock based on nine Buys, five Holds, and two Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average IBM price target of $277.53 per share implies 4.5% downside risk.
