IBM's AI Mainframe Will Boost Revenue This Year

While International Business Machines (IBM -2.19%) generates most of its revenue from software and consulting services, the company's hardware business is still an important piece of the puzzle. IBM's mainframe systems, known for their extreme reliability, remain a workhorse in certain industries. Of the world's 50 top banks, 43 use IBM's mainframes to handle mission-critical workloads. Every two to three years, IBM refreshes its mainframe lineup with a new model that brings improved performance and expande ...