Corporate$IBM9:18 AM ETdeveloping · v3

IBM and Together AI sign $240 million deal for Nvidia-powered AI cluster on IBM Cloud

By BORSA NewsroomPublished Aug 11, 2026, 9:18 AM EDTUpdated Aug 23, 2026, 10:02 PM EDT

IBM and Together AI signed a $240 million deal to build a large-scale Nvidia-powered AI inference cluster on IBM Cloud. The cluster will use Nvidia GPUs. No timeline or further details have been released.

Sentimentbullish 70

Bullish · 70 of 100

Impact40

low · stays off the top drivers

Confidence70%

moderate confidence · 3 wires

Eventdeveloping

v3 · alerts feed only

WHAT WE KNOW

Deal value: $240 million.
Parties: IBM and Together AI.