IBM CEO's candid AI admission sparks biggest crash in 115 years
Published on: July 14, 2026, 11:36 p.m. | Source: The Indian Express
IBM CEO Arvind Krishna’s frank admission about the company’s inability to keep up with the evolving technology landscape, particularly in AI, led to a $70 billion market value loss. The focus on mainframe business and neglecting cybersecurity were also mentioned. Despite investments in quantum computing and AI partnerships, IBM’s core software and infrastructure divisions are […]
