Indian-American business executive; CEO of IBM since 2020
PepsiCo has reported a mixed second quarter, with North American volumes flat or down and international markets driving overall growth. Revenue rose 6.4% to $24.18 billion, but North American beverage volumes fell 4% and per-share earnings narrowly missed expectations. The company has signaled a slower but steady recovery in North America as inflation pressures persist.
The White House has convened a meeting with AI leaders to review a proposed cybersecurity framework for advanced models, following OpenAI's recent agent hacks and calls for greater government access. Attendees include executives from Hugging Face, Anthropic, and others; Meta and Alphabet may participate. Markets show mixed responses as investors watch the policy discussion unfold.
IBM has unveiled three approaches to achieving quantum advantage, signaling progress toward practical applications. The company argues that quantum computers can outperform classical systems on certain tasks, with implications for materials, batteries, and chemistry. Critics note verification challenges and the gap to widespread use, while some rivals push similar agendas.