Technology giant International Business Machines (IBM) has revealed its new IBM Telum Processor, which is designed to support businesses by addressing frauds more effectively. The company expects the first Telum-based system to be made available in the first half of 2022.
Notably, Telum is IBM’s first processor that contains on-chip acceleration for AI inferencing while a transaction is taking place. With this technology, clients will be able to gather business insights at scale across banking, finance, trading, insurance applications and customer interactions.
The chip has 8 processor cores with a deep super-scalar out-of-order instruction pipeline, running with more than 5GHz clock frequency. IBM said, “The completely redesigned cache and chip-interconnection infrastructure provides 32MB cache per core, and can scale to 32 Telum chips. The dual-chip module design contains 22 billion transistors and 19 miles of wire on 17 metal layers.”
“With Telum, the accelerator in close proximity to mission critical data and applications means that enterprises can conduct high volume inferencing for real time sensitive transactions without invoking off platform AI solutions, which may impact performance,” the company added. (See International Business Machines stock chart on TipRanks)
Last month, Credit Suisse analyst Matthew Cabral reiterated a Buy rating on the stock and raised the price target to $167 from $165. The new target price implies 20.1% upside potential.
Overall, the stock has a Moderate Buy consensus rating based on 3 Buys and 6 Holds. The average International Business Machines price target of $154.33 implies 10.9% upside potential.
According to TipRanks’ Smart Score rating system, IBM scores an 8 out of 10, suggesting that the stock is likely to outperform market averages.
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