The Kyndryl Holdings Inc (NYSE: KD) stock price was trading down 2.24% after announcing a new partnership with Microsoft as part of a joint effort to enable the adoption of enterprise-grade generative AI solutions for businesses on The Microsoft Cloud.
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Investors were unmoved by the announcement, maybe because Kyndryl shares had rallied 18.55% on Tuesday and were due for a pullback, as shown on the chart below. The company’s upbeat earnings report primarily drove the rally in Kydryl stock.
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The two companies intend to use their Joint Innovation Centers, Kyndryl’s growing patent portfolio in data and AI, and its access to Microsoft’s 365 Copilot, Azure OpenAI Service and Microsoft Fabric to rapidly design, develop and drive new generative AI innovations and solutions.
Kyndryl has also committed to using its Kyndryl University for Microsoft to educate thousands of its employees on new Microsoft AI technologies. To facilitate the collaboration, Kyndryl has launched an AI-readiness program delivered via Kyndryl Consult to help its customers explore the adoption of generative AI solutions.
The company’s highly-skilled experts will help new and existing customers develop a trusted data foundation and confidently navigate the complexity of using new generative AI technologies. Customers can tap into the Joint Innovation Centers to explore and co-create custom use cases and identify ways to leverage generative AI in their organisations.
Stephen Leonard, Global Alliances and Partnerships Leader, Kyndryl said: “Kyndryl is creating a trusted environment for organizations to explore the benefits and value it can bring to organizations as they look to drive efficiencies, grow and deliver greater business outcomes. With over three decades of experience delivering data services, advanced security capabilities and managing complex IT environments, we are well-positioned to work alongside Microsoft to help organizations confidently apply generative AI at scale and positively impact their businesses while being mindful of known risks.”
Stephen Boyle, GM of Global Partner Solutions, Microsoft, said: “Together with Kyndryl, we have a shared vision to responsibly enable our customers to jointly explore, design and deploy generative AI solutions across their enterprises, and to do it in a way that enables them to realize business value.”
Kyndryl stock price.
The Kyndryl stock price was trading down 2.24% at $4.43, falling from Tuesday’s closing price of $14.76.
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