IBM CEO sends blunt message on AI and quantum computing [Yahoo! Finance]
International Business Machines Corporation (IBM)
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Source: Yahoo! Finance
The chief of International Business Machines ( IBM ) said that the bigger risk for companies right now isn't moving too fast, it's falling behind. In an interview with Semafor posted on April 17, Krishna said many business leaders still don't fully realize how important technology has become to their companies. That gap, he suggested, could shape who wins and who loses in the years ahead. The comments come as IBM shifts toward higher-growth areas like AI and hybrid cloud (which connects users' own systems and public cloud services). The company has been building out its watsonx AI platform and expanding enterprise AI services, while also investing heavily in longer-term bets like quantum computing. Shares of IBM are down 14% year-to-date as of writing. The stock experienced a sharp decline of more than 20% in February, driven by investor fears that new AI technology from Anthropic (Claude Code) could automate legacy COBOL system modernization, threatening IBM's high-margin consu
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