IBM warns AI boom squeezing software budgets

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Limited budgets diverted to hardware.

IBM warns AI boom squeezing software budgets
IBM said it had "faltered" in keeping pace with a ⁠shift in ⁠corporate spending from software to data-centre infrastructure and would take a big earnings hit in the second quarter, in the clearest sign yet of AI's growing toll on the sector. IBM's shares tanked 25 percent on Tuesday, ...

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