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43% of the companies are accelerating AI investments, reveals IBM survey


Natural language processing (NLP) has been at the forefront of AI adoption
Limited AI expertise or knowledge is the top barrier to AI adoption
International Business Machines Inc. (NYSE: IBM) just released the results of its annual survey in a report titled Global AI Adoption Index 2021 that revealed how the COVID-19 pandemic has accelerated the adoption of Artificial Intelligence (AI).
Major findings
Amongst the major findings of the report, the survey revealed that 43% of the companies are accelerating investments in AI coming out of the pandemic. And 90% of those companies are deploying resources to figure out how they are going to manage data across multiple cloud environments. ....

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IBM reports a surprise increase in revenue in the first quarter.


The tech giant performed better than expected in fiscal Q1.
IBM shares were over 3% up in after-hours trading on Monday.
International Business Machines Inc. (NYSE: IBM) reported an unexpected increase in its first-quarter revenue on Monday. The company said that its financial performance in Q1 was better than what analysts had anticipated.
IBM shares were reported more than 3% up in after-hours trading on Monday. The stock is now exchanging hands at £98.23 per share. In comparison, International Business machines had started the year at a per-share price of a lower £88.61.
IBM’s Q1 financial results versus analysts’ estimates
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