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IBM Buys "Red Hat" Open-Source Software Company for $34 Billion

IBM Buys "Red Hat" Open-Source Software Company for $34 Billion

October 29, 2018Swati Khandelwal
It's been quite a year for the open source platforms. Earlier this year, Microsoft acquired popular code repository hosting service GitHub for $7.5 billion , and now IBM has just announced the biggest open-source business deal ever. IBM today confirmed that it would be acquiring open source Linux firm Red Hat for $190 per share in cash, working out to a total value of approximately $34 billion. Red Hat, known for its Red Hat Enterprise Linux (RHEL) operating system, is a leading software company that offers open-source software products to the enterprise community. Even Oracle uses Red Hat’s source code for its Oracle Linux product. Red Hat's last year revenue was $2.4 billion, and this year the company has earned $2.9 billion. But if Red Hat products are open source and updates are free, you might be wondering how does the company earn. Red Hat was one of the first companies who found a successful way to make money from free open-source software. It offers consul
U.S. Builds World's Fastest Supercomputer – Summit

U.S. Builds World's Fastest Supercomputer – Summit

June 11, 2018Swati Khandelwal
China no longer owns the fastest supercomputer in the world; It is the United States now. Though China still has more supercomputers on the Top 500 list, the USA takes the crown of "world's fastest supercomputer" from China after IBM and the U.S. Department of Energy's Oak Ridge National Laboratory (ORNL) unveiled " Summit ." Summit is claimed to be more than twice as powerful as the current world leader with a peak performance of a whopping 200,000 trillion calculations per second—that's as fast as each 7.6 billion people of this planet doing 26.3 million calculations per second on a calculator. Until now the world's most powerful supercomputer was China's Sunway TaihuLight with the processing power of 93 petaflops (93,000 trillion calculations per second). Since June 2012, the U.S. has not possessed the world's most powerful supercomputer, but if Summit performs as claimed by IBM, it will be made straight to the top of the Top5
Want to Use Quantum Computer? IBM launches One for Free

Want to Use Quantum Computer? IBM launches One for Free

May 05, 2016Swati Khandelwal
In Brief What would you do if you get access to a Quantum Computer? IBM Scientists launches the world’s first cloud-based quantum computing technology, calling the IBM Quantum Experience, for anyone to use. It is an online simulator that lets anyone run algorithms and experiments on the company's five-qubit quantum computer. Quantum computers are expected to take the computing technology to the highest level, but it is an experimental and enormously complex technology that Google and NASA are working on and is just a dream for general users to play with. Hold on! IBM is trying to make your dream a reality. IBM just made its new quantum computing project online ( with tutorials ), making it available for free to anyone interested in playing with it. Quantum Computers — Now A Reality! The technology company said on Wednesday that it is giving the world access to one of its quantum computing processors, which is yet an experimental technology that has the potential
IBM developing Self-Destructing Microchips for US Defense

IBM developing Self-Destructing Microchips for US Defense

February 07, 2014Swati Khandelwal
Science Fiction Movies always show the possible direction of the development of technology and gives us the opportunity to think about it. The U.S. Government is also trying to develop such technology that was introduced in movies like Star Trek and TERMINATOR i.e. Self destructing Network of computers, Sensors and other devices. The agency of the United States Department of Defense which is responsible for funding the development of many technologies, Defense Advanced Research Projects Agency (DARPA) has handed over a contract to IBM for creating a microchip that will self-destruct remotely. The project announced a year back, known as Vanishing Programmable Resources ( VAPR ) , which is dedicated to developing a CMOS microchip that self-destructs when it receives a certain frequency of radio signal from military command, in order to fully destroy it and preventing it from being used by the enemy. The U.S. Military uses all kinds of embedded systems and there are obvio
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