Search results for Arvind Krishna
Crypto
Former SEC official calls quantum computers a ticking time bomb for cryptocurrencies
John Reed Stark, a former U.S. Securities and Exchange Commission enforcement lawyer, warned that fast advances in quantum computing are bringing a deadline for the cryptocurrency industry. He said the broader financial sector, including long-term Bitcoin holders, must take quantum risk seriously. Stark cited comments from IBM CEO Arvind Krishna and Duke University’s Lee Reiners, and criticised the SEC for not responding properly to the risk.
Crypto
Jim Cramer plans to sell Bitcoin over quantum computing fears
Former hedge fund manager and CNBC \"Mad Money\" host Jim Cramer said he plans to sell all the Bitcoin he holds, citing the threat posed by quantum computing. Bitcoin rose about 1.7 percent to above $63,500 as of Aug. 5, but was down 27 percent for the year. Some investors treated Cramer\'s comments as a buy signal, while views differ on when quantum computing could pose a real threat.
AI & Enterprise
IBM CEO says only 2 percent of software will be replaced by AI, seeks to calm market after weak results
IBM played down market concerns that generative AI will threaten its software business, saying only about 2 percent of its software could be replaced by AI and most products support customers’ AI use. CEO Arvind Krishna said IBM’s software enables real-time data use and lowers data-management costs. IBM shares are down about 30 percent this year. The company cited a mainframe slowdown and lowered its software growth outlook to 6 to 8 percent.
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AI & Enterprise
IBM cuts 2026 revenue growth outlook
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AI & Enterprise
IBM CEO says firms rethink security spending in AI era; U.S. cybersecurity stocks jump
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AI & Enterprise
IBM shares plunge as AI investment boom triggers record drop
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AI & Enterprise
Red Hat expands cooperation with IBM and Palo Alto Networks to help companies tackle software vulnerabilities