Brind.

AI hardware buildout is causing enterprise customers to slash traditional software budgets, impacting companies like IBM, ServiceNow, and Trade Desk.

Steady: 0 in the last 7 days Updated sep 8

The latest in this situation

  1. IBM reported losses due to outdated contract interpretations related to Ontario employment law.
  2. IBM reported 5% software revenue growth amid market warnings about AI company IPO risks.

How it started

4 reports, 2 independent, last reported Jul 19. The briefing below covers this first event.

AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 2 outlets

AI hardware buildout is causing enterprise customers to slash traditional software budgets, impacting companies like IBM, ServiceNow, and Trade Desk.

Who's involved

What this event is mainly about
IBMServiceNowTrade Desk

How it developed

Newest first. Tap a step to see who reported it.
  1. Investor concerns are rising as companies like Netflix, Meta, and IBM face the fallout of AI buildouts, including lawsuits and customer budget shifts toward hardware.Sub-event
  2. AI hardware demand is cannibalizing traditional IT and software budgets.1 source

Keep exploring

The entities involved

Related events

Coverage

Newest first; wire copies grouped
2 more outlets ran the same wire story