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IBM International Business Machines Corp

167.43
0.00 (0.00%)
Pre Market
Last Updated: 12:37:09
Delayed by 15 minutes
Share Name Share Symbol Market Type
International Business Machines Corp NYSE:IBM NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 167.43 822 12:37:09

Head of IBM's New Artificial-Intelligence Group Leaves

10/02/2016 5:40pm

Dow Jones News


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The head of International Business Machines Corp.'s newly formed Cognitive Business Solutions group left the company after just months on the job.

Stephen Pratt confirmed his departure but declined to say why he left IBM or what he would do next.

"IBM is a great company with great people and a bright future in cognitive computing," he said.

IBM launched the 2,000-person Cognitive Business Solutions group in October with Pratt as its leader, saying the unit would focus on selling data analytics and artificial intelligence services to business customers.

"We have no comment on personnel matters," an IBM spokesman said.

IBM's revenue has taken a hit as its corporate customers shift their buying habits toward software and services delivered through the Internet. The company has bet its future on new-breed offerings including the artificial-intelligence and analytics services sold by Mr. Pratt's group.

"We see that that is going mainstream," Bridget van Kralingen, senior vice president of IBM Global Business Services, said in October. "It's very, very early days, but we can see it."

Mr. Pratt previously served as an executive at Indian outsourcing firm Infosys Ltd. Before signing on at IBM in mid-2015, he had been an executive in residence at the investment firm TPG Capital.

Write to Robert McMillan at Robert.Mcmillan@wsj.com

 

(END) Dow Jones Newswires

February 10, 2016 12:25 ET (17:25 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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