- The rise of AI that can understand or mimic language has disrupted the power balance in enterprise software.
- Four new executives have emerged among the top 10, while last year's top executive, Adam Selipsky of Amazon Web Services, has been surpassed by a competitor due to AWS's slow adoption of large-language models.
- The leaders of Snowflake and Databricks, two database software giants, are now ranked closely together, indicating changes in the industry.
- The incorporation of AI software by customers has led to a new cohort of company operators and investors gaining influence in the market.
### Summary
A new Wall Street report suggests that IBM could benefit from artificial intelligence (AI) in its consulting business, potentially leading to cost reductions through automation.
### Facts
- 💼 Analysts at Melius Research believe that IBM's consulting business could capitalize on AI to cut labor costs through automation.
- 💸 CNBC's Jim Cramer suggests that IBM, along with Accenture, could benefit from the AI industry boom.
- 👥 Other stocks to watch in relation to AI include Salesforce and ServiceNow.
IBM's consulting business could potentially benefit from artificial intelligence by using automation to reduce labor costs, marking a potential "golden age" for the industry, according to analysts at Melius Research.
IBM has announced Watsonx Code Assistant for Z, a generative AI-assisted product that will help accelerate the translation of COBOL to Java on IBM Z, with the goal of modernizing COBOL applications while preserving the performance, security, and resiliency capabilities of IBM Z.
Intel and International Business Machines (IBM) are two AI stocks that haven't won over investors yet, but they have the potential for significant growth due to their focus on AI technologies and the opportunities presented by the surge in demand for AI accelerators.
IBM has launched an advertising campaign to promote its new enterprise-focused artificial intelligence platform, watsonx, by showcasing its transformative power and ability to accelerate business objectives.
SAP has announced its acquisition of LeanIX, a leader in enterprise architecture management software, to expand its business transformation portfolio and provide customers with tools for continuous business transformation and AI-enabled process optimization.
IBM has introduced new generative AI models and capabilities on its Watsonx data science platform, including the Granite series models, which are large language models capable of summarizing, analyzing, and generating text, and Tuning Studio, a tool that allows users to tailor generative AI models to their data. IBM is also launching new generative AI capabilities in Watsonx.data and embarking on the technical preview for Watsonx.governance, aiming to support clients through the entire AI lifecycle and scale AI in a secure and trustworthy way.
IBM is positioned to take advantage of the AI revolution with its focus on enterprise solutions and potential for significant revenue growth, leading to a stock undervaluation of approximately 47%.
Cloud-monitoring stock Datadog has added artificial intelligence to its platform, including a new generative AI tool called Bits AI that serves as a chatbot and helps identify and rectify faults, which has received a positive response from Wall Street analysts who have given the stock a high buy rating. Despite a challenging economic environment, Datadog has seen robust growth and is well-positioned for future reinvestment and potential gains in the cloud computing market.
IBM has introduced new AI technologies as part of its Threat Detection and Response Services (TDR), allowing for automated escalation or closure of up to 85% of security alerts and accelerating response times for clients. The TDR Services provide 24x7 monitoring, investigation, and automated remediation of security alerts from a variety of technologies across client's hybrid cloud environments.
