IBM beats profit estimates as software business surges on AI shift

CNBC

Summary

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IBM surpassed analysts' estimates for fourth-quarter profit on Wednesday, driven by demand in its high-margin software unit as businesses ramped up IT spending, sending its shares soaring about 10 per cent in extended trading.
CNA
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The success will come with heightened scrutiny, both from Western governments with long-held suspicions about Chinese technology, but also from Beijing, whose stern regulatory crackdown on the sector, though eased in 2022, still has a chilling effect.
The Manila Times
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Trading floors were jolted Monday after DeepSeek unveiled a chatbot that apparently matched the capacity of US artificial intelligence pacesetters for a fraction of the investments made by American companies.
International Business Times
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The stock market plummeted this week after a Chinese company showed it could do more with less.
The Washington Post

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