IBM's recently released forecast shows that its full-year revenue will exceed market expectations, mainly due to the continued strong demand for artificial intelligence technology among enterprises. This shows that the artificial intelligence market is booming and enterprises are applying AI technology increasingly extensively and deeply. IBM's generative artificial intelligence business performed even more outstandingly, with revenue in the fourth quarter nearly doubling from the previous quarter, demonstrating its strong competitiveness and technical strength in the AI field. The increase in performance forecast also reflects the market's positive expectations for IBM's future development in the field of artificial intelligence.
Full-year revenue is expected to grow by mid-single digits, reaching around 4%-6%, exceeding expectations. The company's generative AI business roughly doubled in the fourth quarter compared with the previous quarter. In addition, IBM's CEO said that the technology budget will be basically the same as in 2023.
IBM's performance forecast not only shows the rapid development of the artificial intelligence market, but also shows IBM's remarkable achievements and future development potential in this field. Continuing to pay attention to IBM's trends in the field of AI will help understand industry development trends.