Well it is that time of year and month etc with IBM Q3 earnings up 10/22. Stock hits all time high and then.....drop 15-25 points after 10/22?
https://www.investors.com/news/technology/ibm-stock-breakout-anthropic-ai-partnership/
11 replies (most recent on top)
You see it didn't last long eh
It's just an umbrella name, to basically deny the fact that Watson didn't go anywhere and is kaput.
@av What does "integrating Anthropic's LLM into Watsonx" even mean. It's just an API endpoint. You pass it a prompt and get a result. A single line of code. Watsonx isn't even needed to do this, plenty of free UIs that do everything Watsonx does.
@b3 "The market valuations / stock market is broken." No it's not - your interpretation of what the stock market IS and how it works is broken. Investing in the stock market is gambling - especially when investing in individual stocks which are priced on pure speculation. It's similar to betting on the Yankees to win it all - and then they don't, you lose. Investing in the broader market (Sectors, indexes) is still gambling - however it's like betting which 12 teams will make it to the MLB Playoffs. You are more likely to get some of the 12 correct and make some money. (ok, poor analogy but I think you get the point...)
It's the same old story with IBM software, they always have a "catalogue". It's the classic way to "offer more options", but to disguise the "ones that don't work"... in a way that doesn't sc--w them up too much....
Same old.
Exactly right. Excellent comment.
I wrote the comment before this one. The market valuations / stock market is broken. Things don't make sense.
I just have a few simple questions (sarcasm on), why is stock being so up because of this one?
They like the partnership, fine.
But this partnership is due to a failure, called Watson.
And not the only failure, it's a repeat behavior. A pattern.
So why, why, why reward a partnership that is coming to try to fix a failure (another one)?
The stock market is broken.
Does anyone actually read the press releases?
"Anthropic's Claude large language models will be infused into IBM's software portfolio."
This does not say that IBM is throwing away their AI tools. Rather, IBM integrates large language models (LLMs) into watsonx.ai by providing a studio with a diverse catalog of pre-trained models and a suite of tools for prompt engineering, tuning, and deploying custom generative AI solutions. IBM offers a variety of foundation models in watsonx.ai, which include LLMs from different sources such as IBM Granite models, Open-source models, User's Custom models and Agent integration to third-party LLMs such as OpenAI's GPT models - and now Anthropic's Claude models.
It would appear that way. But not sure why the stock market would assign a high valuation to IBM for becoming the 362,549th company whose AI strategy is to just build a wrapper over OpenAI's or Anthropic's AI API.
Yes, Watson is finally dead... I feel for all the customers who got on the Watson train... looks like they will be looking at a migration very soon.
At the end of the day, shame on IBM... but now we got the confirmation of something we always knew: Watson was cr-p since the first day! lol!
Yes, it's the Anthropic effect. Mostly.
There's also been an analyst event this week (AK was presenting). That created PPTs and analysts x'ing (tweeting), LinkedIn, etc (the market hears it, initial positive, then they think further about it, can go either way).
Productivity messaging with new AI tool being up.
Lesser effect, Granite announcements and other bits and pieces.