IBM’s new stakeholder includes Renaissance Technologies LLC

Investment management firm, Renaissance Technologies LLC, has acquired new stake in IBM. The decision comes after IBM’s increased involvement in AI and cloud computing.

According to its Form 13F filing with the Securities & Exchange Commission for the initial quarter of this year, Renaissance Technologies LLC, a well-known investment management firm, recently acquired a new stake in the global company, International Business Machines Co. (IBM).

A quarterly dividend for IBM has also just been announced; it will be paid out to shareholders on September 9. A $1.66 dividend will be paid to shareholders who were listed as owners of the company's stock on August 10th.

IBM is a global technology company with its headquarters in Armonk, New York. Since its founding in 1911, the business has become a pioneer in the field, offering cutting-edge services and products in the fields of consulting and information technology.

IBM works through a number of segments, including Cloud & Cognitive Software, Global Technology Services (GTS), Global Business Services (GBS), Systems Hardware, and Global Financing, and provides a wide range of products and services to clients across the world.

IBM has recently concentrated on reshaping itself towards a cloud computing and artificial intelligence-centric business by making significant research and development investments. The business has created cutting-edge technology, including the Watson AI platform and IBM Cloud services. With these activities, IBM is now well-positioned to meet changing consumer demands in a world that is becoming more and more digital.