Business

IBM Exceeds Q3 Projections and Raises Outlook Amid AI Growth, Yet Shares Decline

IBM reported stronger-than-expected third-quarter earnings and lifted its full-year revenue forecast, citing significant contributions from artificial intelligence services. However, the company’s stock experienced a downturn in extended trading, contrasting with the upbeat financial performance. AI-related business reportedly surged to over $9.5 billion, highlighting growing enterprise adoption.

IBM’s Strong Quarterly Performance

International Business Machines (IBM) reportedly exceeded Wall Street expectations for the third quarter, according to financial analyses released Tuesday. The technology giant posted revenue growth of 9% year-over-year, reaching approximately $15 billion, while swinging to a profit of $1.74 billion after a loss in the same period last year. Sources indicate that last year’s results were affected by a substantial pension settlement charge of $2.7 billion.

AIInnovationSoftware

OpenAI Debuts ChatGPT Atlas Browser with AI Agent Capabilities

OpenAI has introduced ChatGPT Atlas, a new web browser centered around its AI assistant. The browser includes an innovative agent mode that can perform online tasks directly for users, positioning it as a competitor to established browsers.

OpenAI Enters Browser Market with AI-First Approach

OpenAI has launched ChatGPT Atlas, a new web browser built around its conversational AI, according to company announcements. The browser represents a significant expansion for the artificial intelligence company as it moves into the competitive web browser space. Sources indicate the product aims to challenge established players like Google Chrome and newer AI-focused browsers including Perplexity’s Comet.