IBM and AMD Begin Cooperation on Cybersecurity and AI

International Business Machines (IBM) - Get Report and Advanced Micro Devices (AMD) - Get Report said they began a development program focused on cybersecurity and artificial intelligence. The development agreement will build on "open-source software, open standards, and open system architectures to drive confidential computing in hybrid cloud environments," the companies said in a statement. The agreement also will "support a broad range of accelerators across high-performance computing and enterprise critical capabilities, such as virtualization and encryption," they said. AMD, Santa Clara, Calif., is one of the world's biggest chipmakers and is thriving. IBM, the storied Armonk, N.Y., technology services company, has struggled to regain the glory of its past, when it led the computer-making industry.