Big Blue's share price soars as customers seek greater automation

After laying off thousands earlier this year

Pausing sales cost it $300m

Historic IT company pledges renewable initiatives, but maintains large oil contracts

Schroeter is a mainframe fan, who was passed over for the main CEO job

Gary Cohn fell out with Trump over tariffs. Previously he was COO of Goldman Sachs

Spinning off $19bn legacy business will cost $5bn, and free up the company, says Arvind Krishna

Revenue decreases slightly due to pandemic spending shift

After George Floyd protesters have highlighted tech's role in police discrimination

Amid a bunch of executive shuffles

The move comes after Jim Whitehurst was named IBM president

Arvind Krishna to take over from Ginni Rometty

IBM will house the system in a New York facility, to be available as a cloud service