According to the Wall Street Journal, citing people familiar with the matter, IBM is in in-depth negotiations to buy data infrastructure company Confluent for about $11 billion. The report said the deal could be announced as early as Monday. If IBM moves ahead with the deal, it could become one of the company's largest acquisitions in recent years. Confluent is valued at around $8 billion and specializes in managing the data needed for artificial intelligence development.

According to the Wall Street Journal, citing people familiar with the matter, IBM is in in-depth negotiations to buy data infrastructure company Confluent for about $11 billion. The report said the deal could be announced as early as Monday. If IBM moves ahead with the deal, it could become one of the company's largest acquisitions in recent years. Confluent is valued at around $8 billion and specializes in managing the data needed for artificial intelligence development.