IBM shares rise 9% on earnings beat In a statement, IBM CEO Arvind Krishna said the company has recorded $5 billion in bookings for its generative AI business.

IBM shares jump on earnings and revenue beat IBM reported better-than-expected results for the second quarter, and the company said it’s seeing more business tied to generative artificial intelligence.

IBM selling The Weather Channel and the rest of its weather business IBM will sell The Weather Company to Francisco Partners, a tech-focused private equity firm, for an undisclosed sum, it announced Tuesday.

IBM reports earnings beat, but misses on revenue IBM’s data and AI products showed the fastest expansion, growing 10% from a year earlier, the company said.