IBM plans to buy Confluent in an $11 billion deal, a move that expands its data and cloud portfolio as demand for AI systems grows. The company has been building up its cloud and software units under CEO Arvind Krishna, who has focused on acquisitions to meet interest from clients upgrading their systems for more complex AI work.
Confluent, based in Mountain View, California, builds tools that handle large, real-time data flows. These tools are often needed to train and run AI models.
“IBM and Confluent together will enable enterprises to…
