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IBM CEO Arvind Krishna: Why the economy has slowed, and how AI is benefiting

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Arvind Krishna News

Milken Institute Global Conference,Global Economy,Interest Rates

IBM chairman and CEO Arvind Krishna shares his thoughts on why the economy has slowed, and why AI is benefiting from it.

The economy is a feeling a touch blue — as seen through the lens of one of the world's largest tech players, IBM , then people thought that means all of the debt is going to carry an extra price," IBM CEO Arvind Krishna told Yahoo Finance at the Milken Institute Global Conference on Monday.

IBM's first quarter shed light on the mixed economic backdrop in the US as higher interest rates take hold.Big Blue's first quarter sales rose 1% from the prior year to $14.5 billion, falling just shy of Wall Street estimates. The company's lucrative consulting business saw sales unchanged amid more tepid corporate spending plans. Infrastructure sales declined 1% year on year.

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