IBM, The 'O.G.' AI, Sparks Excitement For Watson's New Skills
Portfolio Pulse from AJ Fabino
IBM has reported its Q2 earnings, beating the Street estimate with earnings of $2.18 per share. However, revenue figures slightly missed the mark, coming in at $15.47 billion against a $15.57 billion consensus estimate. The company also announced the launch of its new AI platform, watsonx AI, which is expected to compete with other tech giants like OpenAI, Microsoft, Apple, Nvidia, and Alphabet. IBM's clients, including Samsung, Citigroup, NatWest Group, and SAP, are already exploring the benefits of the new platform.
July 20, 2023 | 6:22 pm
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POSITIVE IMPACT
IBM's Q2 earnings beat estimates but missed on revenue. The company's new AI platform, watsonx AI, is expected to compete with other tech giants.
IBM's earnings beat and the launch of a new AI platform are positive news that could drive the stock price up in the short term. However, the slight miss on revenue could temper this effect.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Apple is mentioned as a competitor to IBM's new AI platform, watsonx AI.
The launch of IBM's new AI platform could increase competition for Apple in the AI space, potentially impacting its stock price negatively in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Alphabet is mentioned as a competitor to IBM's new AI platform, watsonx AI.
The launch of IBM's new AI platform could increase competition for Alphabet in the AI space, potentially impacting its stock price negatively in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Alphabet is mentioned as a competitor to IBM's new AI platform, watsonx AI.
The launch of IBM's new AI platform could increase competition for Alphabet in the AI space, potentially impacting its stock price negatively in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Microsoft is mentioned as a competitor to IBM's new AI platform, watsonx AI.
The launch of IBM's new AI platform could increase competition for Microsoft in the AI space, potentially impacting its stock price negatively in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Nvidia is mentioned as a competitor to IBM's new AI platform, watsonx AI.
The launch of IBM's new AI platform could increase competition for Nvidia in the AI space, potentially impacting its stock price negatively in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50