Big Tech
IBM Reports Boost in AI Bookings, Better-Than-Expected Revenue
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International Business Machines Corp. reported a jump in bookings for its artificial intelligence business as customers work to implement the latest technology.
Bookings for AI consulting and software have exceeded $2 billion since mid-2023, the company said Wednesday in a statement. That is double the $1 billion book-of-business IBM disclosed during its last quarterly earnings report in April.