Businesses will be 'disadvantaged' if they don't use AI: IBM CEO

The election’s outcomes reduce uncertainty in the economy, prompting increased investments in capital and operational expenditures. Clients are expected to speed up decisions about technology deployments, particularly in AI and automation, driving a positive trend for IBM. Additionally, an appetite for U.S. technology investment is anticipated from global markets. IBM's AI sector achieved remarkable growth, achieving $3 billion with 50% quarter-over-quarter increase. The speaker emphasizes the importance of building proprietary AI models to meet client needs while adapting to labor market changes through AI integration in various business functions, ultimately increasing efficiency and productivity.

IBM's AI business has reached $3 billion with impressive growth rates.

Predictions indicate a rise in AI and automation spending among clients.

The journey of AI monetization has significantly improved over recent years.

AI Expert Commentary about this Video

AI Governance Expert

The growth of AI necessitates robust governance frameworks to address ethical concerns and regulatory compliance. Companies like IBM must ensure transparency in AI models to build trust with clients, especially concerning data use and privacy. The proactive stance in developing proprietary models aligns with industry movement towards accountable AI deployment.

AI Market Analyst Expert

The remarkable growth within IBM's AI sector highlights a pivotal shift in market demand for AI solutions. As businesses increasingly recognize the operational efficiencies that artificial intelligence can deliver, IBM is positioned strategically to capture market share. Continuous investment in AI will likely yield greater returns in an increasingly competitive landscape where firms that effectively integrate AI can significantly outperform their competitors.

Key AI Terms Mentioned in this Video

AI Investment

Increased certainty in economic conditions encourages clients to allocate more resources toward AI solutions.

AI Models

IBM develops proprietary AI models to ensure data safety and meet client requirements for enterprise-level applications.

Automation

Clients are expected to invest more in automation technologies to enhance operational efficiency.

Companies Mentioned in this Video

IBM

The company emphasized its role in providing customized AI solutions for large businesses, enhancing operational efficiency and productivity.

Mentions: 10

AWS

IBM collaborates with AWS to leverage its cloud capabilities in deploying AI solutions for enterprise clients.

Mentions: 3

Company Mentioned:

Industry:

Technologies:

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