V News & Events

IBM (IBM) and Red Hat announced Project Lightwell, a $5B 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 an enterprise clearinghouse combined with a force of engineers to identify and fix vulnerabilities at scale. The clearinghouse will serve as a security coordination layer, using advanced AI capabilities to validate and test fixes across an unprecedented volume of open-source code. These capabilities will be offered through commercial subscriptions, allowing enterprises to integrate secure patches directly into their existing software supply chains with enterprise-grade validation and lifecycle management. IBM and Red Hat have already begun collaborating with a select group of early adopters on Project Lightwell, including Bank of America (BAC), BNY (BK), Citi (C), Goldman Sachs (GS), JPMorganChase (JPM), Mastercard (MA), Morgan Stanley (MS), Royal Bank of Canada (RY), State Street (STT), Visa (V) and Wells Fargo (WFC). Project Lightwell builds on IBM and Red Hat's open source, enterprise AI and security, and incorporates learnings from initiatives such as Anthropic's Project Glasswing and OpenAI's Trust Access for Cyber, with a goal of utilizing new IBM agentic security methods to protect the foundational open source layers that underpin modern enterprise and AI systems.

Visa announced an expansion of the Visa Commercial Solutions Hub. Through a new integration with Visa Accounts Receivable Manager, Visa AR Manager, eligible issuers gain built-in access to end-to-end processing designed to "reduce operational friction and accelerate commercial card growth," the company said.

Men in Blazers Media Network, MiBMN, and Visa announced a new collaboration designed to "celebrate the cities, cultures, and small businesses that give the global game its local heartbeat," the company said. Visa and MiBMN are launching Men in Blazers City Guides, presented by Visa, a fan-powered travel companion for this summer and beyond. "The game of soccer lives far beyond the stadium," said Roger Bennett, Founder and CEO of Men in Blazers Media Network. "When the whole world arrives on our shores this summer, we want travelers to truly feel and absorb the distinct and beautiful wonder of each city. To do that, we wanted to take on the burden of sourcing the local favorites, so they can focus more on the joys of the experience and less on the planning of it. Working together with Visa allows us to elevate those local institutions and help supporters experience these cities through the lens of the people who know them best."