IBM buys Promontory Financial Group

In an attempt to improve its financial capabilities, IBM will acquire the Promontory Financial Group which will be integrated with its global business and will aid in training its Watson artificial intelligence (AI) platform. The company announced the acquisition on Thursday but it did not disclose the financial terms of the deal. Promontory was founded by Eugene A. Ludwig, who is a former top banking regulator and a friend of of former President Bill Clinton from law school. The Washington firm became one of the leading financial organizations following the 2008 financial crisis. Promontory's current employees include many former financial… [Continue Reading]