Big Blue takes cue from Apple’s foreign expansion strategy. Unlike Apple which invests heavily overseas, IBM focuses on domestic investments worth $150 billion over five years.
The recent pledge by IBM Corp. aims to boost its strategic focus on quantum computing and artificial intelligence. But what might be the real intention behind this investment spree? Insiders suggest that IBM may be trying to protect some of its lucrative consulting contracts with the US government, thereby securing its interests in the domestic market.
While details are still sketchy, one thing is clear: IBM’s $150 billion investment plan spells big news for the tech giant and its US operations. As it navigates the evolving landscape of artificial intelligence and quantum computing, IBM is taking a deliberate step to cement its position in the country where it has historically operated.
Source: https://www.marketwatch.com/story/ibm-takes-a-cue-from-apple-with-150-billion-investment-but-heres-the-twist-8de9f2bb