IBM CEO Says " Client demand for AI is accelerating and our book of business for watsonx and generative AI roughly doubled from the third to the fourth quarter"
Portfolio Pulse from Benzinga Newsdesk
IBM's CEO reported a significant acceleration in client demand for AI, with the company's business for Watson and generative AI doubling from Q3 to Q4.
January 24, 2024 | 9:10 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
IBM's AI business, including Watson and generative AI, has seen a substantial increase in demand, doubling its book of business from the third to the fourth quarter.
The CEO's statement indicates a strong growth trajectory for IBM's AI services, which could lead to increased revenue and potentially higher stock prices in the short term. Investors may view this news as a positive indicator of IBM's performance and future prospects in the AI market.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100