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One of IBM's current inititives is called Smart Planet. Introduced in 2008, the plan promises a smarter planet and a new strategic agenda for progress and growth
In 2008, IBM's Roadrunner supercomputer broke the 1 petaflop or 1 quadrillion calculations per second barrier.
An IBM invention that you're probably not aware of but you use it every day is the magnetic stripe. IBM didn't profit directly as it made the invention an open standard. It hoped to profit from a boost in computer sales.
IBM also invented the UPC code.