NEWS
Truist and IBM Collaborate on Emerging Technology Innovation and Quantum Computing
Truist Financial Corp will join the IBM Quantum Accelerator program – a collaboration pitched as having the potential to spur technology innovation in banking while exploring opportunities for the application of Quantum Computing in the banking industry .
The agreement to participate in the IBM Quantum Accelerator program will focus on developing Truist ’ s internal expertise in Quantum Computing with the goal of achieving a quantum-ready state , positioning the bank to exploit the technology ’ s future potential .
Under the agreement , Truist will gain access to IBM ’ s premium Quantum Computing systems , deep expertise and enablement resources . IBM will work with the Truist team to build quantum skills and explore how the technology could benefit their use cases in consumer banking .
“ This collaboration with IBM is a reflection of our commitment to investing in new technologies to deliver on our purpose to inspire and build better lives and communities ,” said Scott Case , CIO , Truist . “ Quantum Computing has the potential to transform how we do banking and solve complex problems . IBM is a leader in Quantum Computing and their collaboration and expertise will be invaluable to ensure we are able to leverage these new technologies to the fullest potential .”
Cloudera Private Cloud offering delivers ‘ Iceberg everywhere ’
Cloudera has expanded its Open
Data Lakehouse offerings enabling customers to have a foundation for analytic and AI capabilities in their enterprises for all their data – in the cloud and now on-premises .
An early proponent of Apache Iceberg , Cloudera is supporting Apache Iceberg for CDP-Private Cloud – available now as a tech preview and with General Availability later this summer .
Cloudera delivers Iceberg everywhere customer data resides facilitating innovation anywhere . Cloudera Data Platform ( CDP ) provides a path to trusted Enterprise AI based on an advanced open data lakehouse that enables deployment of the latest AI models with data anywhere .
Cloudera makes emerging technologies like large language models ( LLM ) and real-time self-service analytics at scale easily accessible to all its customers . “ Large enterprises want to get business value from all their data using AI and data analytics . Our announcement of Apache Iceberg support on private clouds means our best-in-class Open Data Lakehouse just continues to get better ” said Ram Venkatesh , Cloudera Chief Technology Officer .
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