IBM reported that its preliminary second-quarter revenue will be below expectations as spending shifts toward artificial intelligence. This was reported by Qazaqyia.kz citing Reuters.
According to the company's forecast, second-quarter revenue will be below the level expected by analysts. This is due to IBM's shift from traditional business to new AI-focused areas. Specific figures have not yet been released, but preliminary data indicate that the company's investments in AI are impacting short-term revenue.