Businesses will be 'disadvantaged' if they don't use AI: IBM CEO [Yahoo! Finance]
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Source: Yahoo! Finance
In an interview with Yahoo Finance Anchor Seana Smith at the Yahoo Finance Inves t conference, IBM Chairman and CEO Arvind Krishna discussed its investments in AI, regulation, and how he is evolving the computing giant for the future. In Krishna's view, the future is incredibly bright, especially under a new administration that may cut red tape. "I think the AI spending from our clients is going to go up, I think the automation spending is going to go up, the labor demographics are going to get even worse, there's some policy statements that have implied that. Well, technology is a way to replace labor, so that means more technology will get deployed by our clients, and so those are the kinds of vectors that we are looking at to help accelerate our business." Krishna also took issue with criticism that IBM's AI spending was not yet profitable, pointing to its generative AI book of business, which now stands at more than $3 billion, saying: "I think in the past you might've been ab
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