International Business Machine Corp., the Armonk, New York-headquartered computer hardware company operating across 170 countries, said on Monday that the American tech conglomerate would broaden its existing deal with New York wireless carrier Verizon and Madrid’s Telefonica and proffer a swathe of new services ranging from a cloud platform to run their fifth-generation networks to artificial intelligence, pointing towards a shot aimed at slicing a larger bite in 5G market share.
In point of fact, latest IBM move to offer its technology which it had obtained following a purchase of Red Hat, came forth as a number of top-tier tech tycoons likes of Microsoft Corp and Amazon.com Inc were vying to vent out a way to coffer up larger 5G revenues by providing telecom operators with Gen-Z software tools.
According to the Armonk, New York-based 110-year old tech giant’s announcement released earlier in the day, IBM would offer cloud services to Verizon and Telefonica to run their networks while assisting them to sell customized products.
However, financial terms of the tie-ups had yet to be disclosed. In actuality, cloud platforms could offer software to run fifth-generation networks while declining usage of costlier physical equipment, eventually enabling telecom giants to build a 5G network at a lower cost and sell customized services.
IBM broadens tie-up with Telefonica and Verizon Aside from that, on artificial intelligence frontier, IBM alongside Madrid wireless carrier Telefonica had claimed to have created a virtual assistant that could remove a flurry of friction points by automating the handling of critical tasks such as billing.
Meanwhile, referring to an intensifying competition among tech giants to grab a bigger market share in the fifth-generation networks, Vice President of Red hat, Darell Jordan-Smith said following the announcement, “It's a disruptive time in this particular market segment, telcos are trying to position themselves as the destination for services like augmented reality, machine learning and AI”.