IBM Unveils AI Builders Challenge For 20,000 Institutions

IBM announced the AI Builders Challenge to provide university students with hands-on experience using IBM Bob, an AI development tool, while expanding free access to its technology to 20,000 post-secondary institutions. The company also committed over $10 billion in quantum computing investment over the next five years to build a large-scale, fault-tolerant quantum computer by 2029. However, IBM shares fell 7.90% on Wednesday, trading at $303.21, with the stock showing overbought signals (RSI at 85.47) despite analyst consensus maintaining a Buy rating with a $291.54 price target.