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.
