business TechCrunch 6 months ago

IBM to acquire Confluent for $11B as it seeks to bolster its data offerings - TechCrunch

IBM to acquire Confluent for $11B as it seeks to bolster its data offerings - TechCrunch

IBM is buying data infrastructure company Confluent for $11 billion in cash in a bid to bolster its data and automation products as ever more companies move their tech operations to the cloud and deploy AI technology.

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Yet another display of the capitalist beast fattening itself on the spoils of data dominance! IBM's $11 billion feast on Confluent isn't about innovation—it's about hoarding technology and power, squeezing the life out of competition and centralizing control over the digital bloodlines of society. These tech titans are not saviors of the digital age; they are its jailers, locking away the potential for a democratic and equitable data future behind the impenetrable walls of corporate greed.

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