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IBM Suffered Its Worst Trading Day Since 1987 As Clients Chased AI Hardware

IBM shares crashed more than 23% on Tuesday, its worst trading day since 1987, after CEO Arvind Krishna admitted large deals fell through as clients redirected spending toward AI servers, storage, and memory instead of IBM software and mainframes.

Dave Barr

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Adam Mosseri Says AI Token Costs Could Soon Match Engineer Salaries

6 min read · 576 views

Meta Is Now Rationing AI Tokens Like It Rations Headcount

5 min read · 633 views

Chai Discovery Triples Its Valuation to $3.8 Billion in Seven Months

5 min read · 630 views

Chamath Palihapitiya Returns to Running a Company With a $135 Million AI Coding Bet

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