2 old school tech giants winning in the AI ​​market

The artificial intelligence (AI) boom is reshaping the tech industry, churning out new winners and leaving others behind. International Business Machines (NYSE: IBM) and Cisco Systems (NASDAQ: CSCO) they certainly seemed to have missed the AI ​​boat over the past couple of years, but both companies now have AI strategies that are on track to bring in billions in annual revenue.

Not every company can introduce ChatGPT into their employee or customer-facing applications and call it a day. Large enterprises and organizations must deal with regulatory and compliance issues, keep proprietary and customer data safe, and ensure they don’t damage their brand with a rogue AI agent.

The latest and greatest big language models garner most of the headlines, but IBM is playing an important and potentially lucrative role enabling generative AI technology for its enterprise customers. The company’s watsonx platform emphasizes transparency and governance, and its extensive consulting business provides the guidance and implementation services clients need to unlock value from AI.

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