IBM Could Win Big From DeepSeek's AI Disruption
International Business Machines (NYSE: IBM) has found an artificial intelligence (AI) strategy that works. While the tech giant is an AI pioneer, monetizing the technology has been a challenge over the past decade. The company's most notable failure was an attempt to leverage AI to transform the healthcare industry. After spending billions on acquisitions to fuel the effort, IBM eventually abandoned the business a few years ago with little to show for it.
Today, IBM has settled into a role of enabling other enterprises to train, deploy, and manage AI models and agents. Through its watsonx AI software platform and its consulting arm, IBM offers a wide range of AI-related services that resonate with its client base.
When IBM reported its fourth-quarter results on Wednesday, the company noted a big acceleration in its generative AI business. IBM won nearly $2 billion worth of new AI business during the quarter, pushing the cumulative total to $5 billion.
Source Fool.com
International Business Machines Corp Stock
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