Scrip fall an overreaction as market lacks clarity: IBM CEO

India is “not behind” in the AI race and has a big advantage in the area of deployment since it already services a large number of MNCs, IBM chairman, president and CEO Arvind Krishna told Surabhi Agarwal in an interview. Indian-origin Krishna, currently visiting the country, met Prime Minister Narendra Modi on Monday and talked about upskilling India’s IT workforce. He said the IBM stock crash after the Anthropic post on COBOL was an overreaction and said enterprises need external consultants to carry out legacy transformation projects.

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