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IBM's new services zero in on fraud, financial crime

IBM has introduced new software and services to help organizations use big data to address financial losses caused by fraud.

The Armonk, N.Y.-based firm says that $3.5 trillion is lost every year to fraud and financial crime. To combat these problems, IBM has launched its "smart counter fraud" initiative, which includes software and services based on over 500 fraud consultants, 290 fraud-related research patents, and the investment of $24 billion in to IBM's Big Data software since 2005.

IBM says these new services can detect a number of criminal activities, including tax evasion, money … Read more

IBM: No, we did not help NSA spy on customers

IBM has denied any involvement with the US National Security Agency's surveillance programs, and the company claims it has never handed over any client data to governmental bodies.

In response to allegations concerning the NSA's PRISM surveillance program, Big Blue has posted a response in the form of a blog post written by Robert C. Weber, IBM's senior vice president of Legal and Regulatory Affairs. Weber writes that IBM has never handed over client data to any third party, and would send the US agency to the client rather than assist the governmental body:

IBM is fundamentally … Read more

Twitter paid $36 million for IBM patents to avoid a lawsuit

Twitter paid a hefty sum for a group of patents acquired from IBM, according to a newly published Securities and Exchange Commission filing.

Twitter paid $36 million to acquire more than 900 patents from IBM, shows the filing published Thursday by the government agency. IBM announced the agreement between the companies in January, though the transaction was actually completed in December. As of the end of last year, Twitter had a total of 956 patents and 100 patent applications, according to the filing.

Last year, IBM was banging the drums of possible patent-infringement against Twitter, saying that the company's … Read more

That's Chef Watson to you

AUSTIN, Texas -- We know that IBM's Watson computer is the world's best "Jeopardy" player. But does it have a clue about what tastes good?

On Thursday night, I was one of a small and very lucky group of people invited to an IBM event to find out.

Called "Cognitive cooking," the event was a demonstration of Watson's so-called "computational creativity." Essentially, the idea went, IBM set out to have its famous computer help design a gourmet meal, one filled with dishes made from recipes the world had never seen before. … Read more

IBM laying off up to 25 percent of 'hardware' division

IBM has confirmed that it's laying off a portion of its workforce in order to focus on new priority areas, like the cloud, analytics, and cognitive computing. This means certain divisions of the company must see cuts.

"As reported in our recent earnings briefing, IBM continues to rebalance its workforce to meet the changing requirements of its clients, and to pioneer new, high value segments of the IT industry," IBM spokesman Doug Shelton told CNET in a statement. "To that end, IBM is positioning itself to lead in areas such as cloud, analytics and cognitive computing, … Read more

The 404 1,434: Where we make room for meat (podcast)

Leaked from today's 404 episode:

- BiteLabs Web site claims to grow "meat" from celebrity tissue samples.

- IBM uses thinking computers to generate chocolate burritos and other weird food.

- This machine will translate your dog's thoughts into words.

- Facial hair transplants are rising amid hipster beard craze, doctors say.

- Follow Bridget Carey on Twitter and check out CNET Update everyday!… Read more

IBM to take Watson mobile with developer challenge

IBM wants to bring its Jeopardy-winning cognitive computing system Watson to the mobile industry.

During a keynote address at Mobile World Congress 2014, IBM CEO Ginni Rometty announced the IBM Watson Mobile Developer Challenge, a global competition to promote the development of mobile consumer and business apps powered by Watson.

During the next three months, IBM is calling on software developers who are willing to develop and bring to market a commercial application that leverages Watson capabilities, such as the ability to answer complex questions posed in natural language with speed, accuracy, and confidence. Three winners will receive IBM support … Read more

Death of the PC, Sony style

To Sony, the PC is dead. That's not death-spiral hype, it's fact.

Sony's Achilles Heel was its reliance on the consumer market, as some observers have been pointing out in the Japanese press.

But it wasn't that Sony was unsuccessful in the consumer market. Just overexposed.

Here's how Stephen Baker, an analyst at the NPD Group, put it.

Sony has not been unsuccessful in the PC business, especially recently, which makes this more puzzling. We would argue that Windows 8 actually provided an opportunity for Sony as a premium on design and product, especially around … Read more

Twitter buys 900 patents from IBM to end infringement spat

Twitter and IBM are no longer at odds over patents.

IBM on Friday announced that it inked a deal with Twitter in December that saw the social network acquire over 900 of its patents. The companies also entered into a cross-licensing deal on patents, though details on that agreement weren't announced.

The deal came about a month after Twitter revealed that IBM had accused it of violating three of its patents related to advertising, "resource locators," and discovery of contacts. Big Blue was willing at that time to handle the situation outside of court, and that appears … Read more

IBM's graphene-based circuitry could boost wireless communications

A teensy bit of carbon could make the radio communications components at the heart of mobile phones smaller and less expensive.

IBM has coaxed useful wireless-communications work out of graphene, a form of carbon whose promise in next-generation computer chips has been hobbled by manufacturing difficulties. In an IBM Research paper published Thursday in Nature Communications, Big Blue describes how it has built a graphene-based receiver integrated circuit that successfully extracted the letters "IBM" from a 4.3GHz radio broadcast.

Graphene, which consists of a lattice of carbon atoms interconnected into a layer just a single atom thick, … Read more