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IBM and Red Hat Commit $5 Billion to Redefine the Future of Open Source in the AI Era

Summary by Financial IT
IBM and Red Hat today announced Project Lightwell, a $5 billion commitment backed by new frontier AI capabilities and a global force of more than 20,000 engineers to help enterprises secure open source software. Together, these investments establish a new model for enterprise use of open source software, from upstream development through production environments. Project Lightwell will establish a trusted enterprise clearinghouse combined with a …
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Financial IT broke the news on Monday, June 1, 2026.
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