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Patrick Finnegan via flickr
IBM has reached an agreement to purchase Confluent for $31 per share, as stated in a company announcement made on December 8. Bloomberg's estimates place the company's value at around $9.3 billion. The firms anticipate the agreement to finalize by mid-2026.
The AI surge has led to multibillion-dollar agreements in firms developing, training, and employing AI technologies. Confluent, located in California, offers businesses a platform for gathering and examining data in real time.
Companies such as Michelin utilize it to oversee raw and semi-finished product inventories instantly, while Instacart, a grocery delivery service in the US and Canada, has adopted Confluent solutions to establish real-time fraud detection systems and enhance inventory visibility on its platform, as reported by the media.
source: bloomberg.com
The AI surge has led to multibillion-dollar agreements in firms developing, training, and employing AI technologies. Confluent, located in California, offers businesses a platform for gathering and examining data in real time.
Companies such as Michelin utilize it to oversee raw and semi-finished product inventories instantly, while Instacart, a grocery delivery service in the US and Canada, has adopted Confluent solutions to establish real-time fraud detection systems and enhance inventory visibility on its platform, as reported by the media.
source: bloomberg.com
