IBM Lands a $240 Million AI Inference Deal

IBM has secured a $240 million multi-year agreement with Together AI to build a large-scale artificial intelligence inference cluster on IBM Cloud. This initiative positions IBM directly in the rapidly growing AI inference market, leveraging Nvidia's latest Blackwell processors and Spectrum-X networking. The deal aims to convert demand for AI into recurrent cloud infrastructure revenue for IBM, with Together AI focusing on open-source models.