Universal Music is launching an AI music platform with ElevenLabs12m ago An Anthropic researcher just quit, saying OpenAI and Anthropic are 'gambling with our lives'22m ago AI #185: Preference Cascade46m ago Nintendo's latest sale is 'made possible' by the tariff refunds it's hoarding50m ago Now everyone can put data to work51m ago Instagram now lets you add tagged photos to your profile grid51m ago Meta Announces Muse AI Agent for Personal Tasks and Organization51m ago AI agents are flooding public services with new requests57m ago Apple’s first foldable is the iPhone Duo, and it costs $1,99957m ago Anthropic Is Building a Huge Surveillance System to Spy on Anti-AI Activists and Predict Their Activities1h ago Antioch raises $32m to test robots in simulation before they touch hardware1h ago OpenAI’s Bubeck denies trying to cut Anthropic mathematician from credit2h ago 10 of the scariest AI villains in movie history2h ago Maven Robotics wants to steal your robot deployment deal2h ago

Universal Music is launching an AI music platform with ElevenLabs12m ago An Anthropic researcher just quit, saying OpenAI and Anthropic are 'gambling with our lives'22m ago AI #185: Preference Cascade46m ago Nintendo's latest sale is 'made possible' by the tariff refunds it's hoarding50m ago Now everyone can put data to work51m ago Instagram now lets you add tagged photos to your profile grid51m ago Meta Announces Muse AI Agent for Personal Tasks and Organization51m ago AI agents are flooding public services with new requests57m ago Apple’s first foldable is the iPhone Duo, and it costs $1,99957m ago Anthropic Is Building a Huge Surveillance System to Spy on Anti-AI Activists and Predict Their Activities1h ago Antioch raises $32m to test robots in simulation before they touch hardware1h ago OpenAI’s Bubeck denies trying to cut Anthropic mathematician from credit2h ago 10 of the scariest AI villains in movie history2h ago Maven Robotics wants to steal your robot deployment deal2h ago

Business & Enterprise3 min reading time

After shocking quarter, IBM insists that AI isn’t killing the mainframe

TechCrunchPublished Jul 22, 2026

IBM reported a disappointing quarter with a 42% drop in mainframe revenue, attributing the decline to customers delaying purchases due to rising hardware costs amid the AI boom. Despite this, IBM's leadership views the setback as temporary and expects recovery as customers shift budgets to other hardware.

#arvind-krishna #earnings #enterprise-hardware #ibm #jim-kavanaugh #mainframe

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