Kyndryl taps Microsoft generative AI for new service, moves toward future profitability
Kyndryl said it would tap into Microsoft’s enterprise-grade generative AI technology to develop business applications with Microsoft Cloud.The IT infrastructure provider announced the joint project with Microsoft on the heels of announcing significant 1Q 2024 earnings where Kyndryl executives said the company will return to profitability in the next year, at least a year ahead of what financial analysts predicted after the company spun out of IBM in November 2021.In addition, Kyndryl chairman and chief executive officer Martin Schroeter told analysts on the company’s first quarter financial call that he expects the company to return to revenue growth in calendar year 2025 and that the company will reach its medium-term profit goals – in what he called significant progress for a company that has been independent for only 6 quarters.To read this article in full, please click here