Morning Beat: International Business Machines Corp. (IBM), Boeing Co (BA), and General Motors Company (GM)

A partnership between International Business Machines Corp. (NYSE:IBM) and Softbank has given rise to six APIs all written in Japanese. The new APIs are already available on the tech giant’s supercomputer Watson. Natural Language classifier is one of the APIs that developers can use to create apps that can decipher questions asked in different ways.

Dialog is another API that developers can use for tailoring app interactions to users speaking style. Japanese developers can also turn content into different file formats with Document conversion API. The new APIs should provide International Business Machines Corp. (NYSE:IBM) a perfect framework for making more inroads into the Japanese market.

Boeing Co (NYSE:BA) engineers have unanimously approved new six-year labor contracts. The new contracts will replace current ones due to expire in October with immediate effect. Workers, as a result, stand to enjoy improved wages as well as vacation and retirement benefits the conglomerate having agreed to raise their pay by 15% of what average professional engineers earn.

The new contract set for expiry in October 2022 is for 14,100 professional engineers and 6,000 technical workers The ratification comes at a time when Boeing Co (NYSE:BA) is in dire need of stability as it plans to bring to market two new jetliners, 737 and 777

General Motors Company (NYSE:GM) says it will produce the next-generation Chevrolet Cruze in Mexico. The automaker is to use $350 million on its plant at Coahuila as part of a $5 billion investment plan targeting Mexican plants announced last year.

US automakers are increasingly shifting works into Latin America as they look to take advantage of low labor costs as well as friendly trade agreements. General Motors Company (NYSE:GM) plant in South Korea will continue to build the current Cruze model to service domestic demand and export markets. The automaker does not expect production works in Mexico to affect operations in South Korea in any way.

The Federal Communication Commission is to vote on a new proposal that could have huge implications on the $20 billion set-top box market. The proposal if approved would allow customers to swap their pricey cable boxes for cheaper devices and apps.

FCC chairman says the proposal would make it easy for customers to obtain video services from other providers instead of cable companies. The proposal has not gone well with cable giants most of whom fear their businesses would be greatly affected as they continue to struggle with cord cutting.

The proposal has already set a wave of lobbying as cable companies, and tech firms seek to gain control of the multi-billion industry.

Viraj Shah

Viraj Shah has completed M.Com (Finance) and is currently pursuing his CFP. He tracks US markets along with other global markets like India very closely. He is very passionate about stocks, real estate, and technology. He also believes that money can always be made in the market.

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