After shocking quarter, IBM insists that AI isn’t killing the mainframe
IBM's CEO has downplayed the impact of artificial intelligence on mainframe sales after the company's stock plummeted due to poor quarterly results. The CEO attributed the decline in mainframe sales to AI disrupting corporate hardware budgets, but views this as a temporary setback. IBM remains confident in the long-term viability of its mainframe business, despite the current challenges. The company is counting on the mainframe's ability to adapt and integrate with emerging technologies like AI to drive future growth.
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