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IBM has booked $6B in sales around generative AI and Red Hat's revenue has about doubled since IBM bought it, fueling a ~2x jump in IBM's stock since April 2020 (Asa Fitch/Wall Street Journal) from Techmeme RSS feed.
IBM has booked $6B in sales around generative AI and Red Hat's revenue has about doubled since IBM bought it, fueling a ~2x jump in IBM's stock since April 2020 (Asa Fitch/Wall Street Journal)
Asa Fitch / Wall Street Journal:
IBM has booked $6B in sales around generative AI and Red Hat's revenue has about doubled since IBM bought it, fueling a ~2x jump in IBM's stock since April 2020 — ‘Big Blue’ has clawed back into investor favor, but needs to show staying power in AI to cement its comeback