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IBM's AI Boom: Navigating Shifts in Consulting and Software Demand
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IBM's AI Boom: Navigating Shifts in Consulting and Software Demand

IBM's second-quarter revenue exceeded analysts' expectations, driven by a notable increase in AI-related spending from clients eager to adopt new technologies. The company's strategic focus on expanding its Watsonx platform, which facilitates the deployment of chatbots and enhances AI programs, has been a significant factor in this growth. Additionally, making its Granite family of AI models open-source has helped popularize IBM's AI services. This surge in AI investment has led IBM to raise its annual growth forecast for its software business, highlighting the growing demand for AI integration across industries.nd

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