- IBM CEO Arvind Krishna's statement that wiped away $70 billion from company's market value has added millions for cybersecurity companies; as he said: Mythos AI model is making people ... Times Of India —
- Inside CEO Arvind Krishna’s letter that preceded IBM’s worst one-day stock fall since 1987 The Indian Express —
- IBM Stocks Slide Most In 58 Years Over CEO Arvind Krishna's "We Faltered On AI" Remark NDTV —
- Worse fall than 1987, $69 billion wipeout as IBM ‘falters’: Why stock price crashed 25% - analysts call it ‘ugly moment’ Times Of India —
- IBM shares plunge 25% as customers shift spending to AI The Straits Times —
- IBM shares plummet 25% on weak preliminary earnings SiliconANGLE —
- What smart people are saying about what IBM's AI warning says about SaaSpocalypse fears Business Insider —
- IBM’s warning sows anxiety for investors Semafor —
- IBM shares plunge 25% as AI spending boom hammers business: ‘Ugly moment for software stocks’ NY Post —
- IBM warns AI boom is squeezing software budgets RTE —
- IBM shares drop more than 17% after company warns second-quarter earnings fell short of expectations CNBC —
- IBM unveils tech for chips it says pack performance leap, use much less power CBS News —
- Record-breaking IBM chip uses trick to cram in 100 billion transistors New Scientist —
- IBM surges after unveiling new sub-1 nm chip technology Seeking Alpha —
- Anthropic nears $1 trillion valuation, leapfrogging OpenAI MarketWatch —
- Anthropic leapfrogs OpenAI as the most valuable AI startup — and drops a new model Business Insider —
- USPS, DHL partner in a $10 billion 'last-mile' delivery agreement ABC News —
- CBS News chooses filmmaker and author Nick Bilton to lead 60 Minutes The Globe and Mail —
- CNN sues Perplexity, alleging unlawful distribution of copyrighted content Al Jazeera —
- USPS secures $10B deal for last-mile delivery with DHL eCommerce Associated Press —
IBM
American multinational technology corporation
International Business Machines Corporation, doing business as IBM, is an American multinational technology company headquartered in Armonk, New York, and present in over 175 countries. It is a publicly traded company and one of the 30 companies in the Dow Jones Industrial Average. IBM is the largest industrial research organization in the world, with 19 research facilities across a dozen countries; for 29 consecutive years, from 1993 to 2021, it held the record for most annual U.S. patents generated by a business.
Also known as...
International Business Machines Corporation (Armonk, NY), IBM Corp., 18M, International Business Machines Corporation, Big Blue, and ibm.com
IBM Shares Plunge 25% on AI Miss
IBM shares plunged more than 25%, wiping out $70 billion in market value, after the company warned revenue missed expectations as clients shifted to AI hardware.