‘Worse than our expectations’: IBM’s shares drop 25% after CEO says it hasn’t adapted quickly enough to AI industry changes
via edition.cnn.com
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IBM’s share price just dropped by a whopping 25%. That’s thanks to IBM’s CEO, Arvind Krishna, saying the company didn’t adapt quickly enough to the industry moving towards spending less on software and more on data centre infrastructure (via CNN). As noted by CNN, this puts the company in the vicinity of its worst day […]