The What IBM does today section is illuminating. . .
https://www.thestreet.com/investing/stocks/what-does-ibm-do
4 replies (most recent on top)
@hz I don’t think they will be happy with you saying this publicly
There is no AI business. In Consulting, if a project manager uses ChatGPT to write a client email, they "tag" the entire deal as "AI". In Tech, they bundle watsonx into an ELA renewal for a 30 year mainframe client whether the client wants it or not and then "tag" the entire deal as "AI". This is where the $10 Billion AI business number they report to Wall Street every quarter comes from. It's all made up. Arvind should be in prison.
OP. The top tier decisions made have much more to do with lining executive pockets than the growth and health of the company.
A lot of smoke and hype and use of trending buzzwords, then actual execution.
Not every call will be perfect, but Arvind Krishna walked into a complex situation and actually made decisive changes instead of managing decline. Refocusing IBM around hybrid cloud and AI, while cutting away legacy drag, takes conviction—not consensus. You can debate execution, but at least there’s a clear strategy in place, which is more than can be said for many large tech firms still chasing the next trend.