IBM's New Anthropic Partnership Could Be the AI Catalyst Investors Have Been Waiting For
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IBM (NYSE: IBM) is regarded by some as one of the biggest busts in artificial intelligence (AI).The legacy tech giant was early to the technology with its Deep Blue chess computer and Watson supercomputer, an early example of natural language processing. However, it was unable to adequately monetize those technologies, and it fell further behind the internet-based tech companies that now dominate the industry.However, after a decade as a laggard on the stock market, IBM has found new life in the AI boom as investments under CEO Arvind Krishna in areas like the hybrid cloud and AI seem to be paying off, and the stock has doubled in the last two years. After several years of declining revenue in the 2010s, IBM has returned to growth with revenue up 8% in the second quarter, driving adjusted earnings per share up 15%. Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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