12 February, 2018
The Rise And Rise Of IBM, Technology Hype, And Fascination With Artificial Intelligence (AI)
A number of this week’s milestones in the history of technology link the rise of IBM, the introduction of the ENIAC, and the renewed fascination with so-called artificial intelligence.
On February 14, 1924, the Computing-Tabulating-Recording Company (CTR) changed its name to International Business Machines Corporation (IBM). “IBM” was first used for CTR’s subsidiaries in Canada and South America, but after “several years of persuading a slow-moving board of directors,” Thomas and Marva Belden note in The Lengthening Shadow, Thomas J. Watson Sr. succeeded in applying it to the entire company: “International to represent its big aspirations and Business Machines to evade the confines of the office appliance industry.”