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Benzinga
Benzinga
Business
Vishaal Sanjay

IBM's 'Client Zero' AI Strategy To Deliver $4.5 Billion In Annual Savings — CEO Says 'Reimagining And Reinventing How We Run Our Company'

IBM Dan Ives
Milan,,Italy,,July,29,,2024,-,Sign,Of,Ibm,On

Tech giant IBM (NYSE:IBM) is aggressively deploying its own AI and automation tools across its operations, unlocking billions in savings and productivity gains, while reshaping how the company functions internally.

What Happened: During its second quarter results on Wednesday, IBM’s CFO, James Kavanaugh, said that the company now expects to achieve approximately $4.5 billion in annual run-rate productivity savings by the end of 2025, up from $3.5 billion at the end of 2024.

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