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IBM exceeded analysts' expectations for second-quarter revenue by focusing on its software business and benefiting from increased AI-related spending by clients. The company's software revenue grew by about 7%, reaching $6.74 billion in the quarter, with a positive outlook for further growth in 2024.
IBM's AI Book of Business, which combines bookings and actual sales across various products, expanded to $2 billion, showcasing the company's commitment to capitalizing on the rising demand for AI integration. Despite a decline in annual consulting revenue, IBM remains optimistic about the potential of its AI offerings and the long-term benefits they can bring to the business.
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Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
How to level up your teaching with AI. Discover how to use clones and GPTs in your classroom—personalized AI teaching is the future.
Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.
Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
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