IBM CEO Discusses AI Impact, Stock Reaction, and India's AI Strategy

IBM CEO Arvind Krishna addressed concerns over the company's recent 13% stock decline, attributing it to market overreaction following an AI startup's blog on legacy system maintenance. He emphasized the continued importance of mainframes, noting AI as a productivity tool rather than a job eliminator. Krishna highlighted India's focused AI strategy aiming for a dozen high-quality models, with three completed, and stressed the country's advantage in deploying AI at scale within the global economy.