IBM CEO Arvind Krishna says there is no AI bubble after all

In this episode of Decoder, Nilay Patel interviews Arvind Krishna, the CEO of IBM, about the company's current focus on enterprise solutions, its history with AI through Watson, and its future bets on quantum computing. Krishna candidly discusses IBM's past missteps with Watson, particularly in healthcare, and explains the company's shift towards building AI technologies as modular building blocks. The conversation explores the potential AI bubble, comparing it to the dot-com and fiber optic booms, and questions whether the current AI infrastructure investments will yield long-term value. Krishna defends IBM's investment in quantum computing, highlighting its potential to solve problems beyond the capabilities of current GPUs and CPUs, and shares his perspective on the future of AI, suggesting that AGI will require technologies beyond current LLMs.