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Gary Cohn

IBM (Vice Chairman)
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NeutralThe AI Trade 2026-07-15
IBM vice chairman the morning after the pre-announcement (-$69B day); quantum-rally context; Arvind called the pause 'relatively temporary'; principal defending his own company (disclosed)
“our software is not being disrupted by AI”
Gary Cohn · IBM (Vice Chairman) · CNBC ↗
BearThe AI Trade leaning · 2026-07-15
'people are spending exorbitantly more actual dollars on tokens than they would have thought they would be spending at this time' (@1:24); 'people are starting to think about what's been the return on investment in my AI tokens? Are they a good investment?' (@1:56); construction labor crowding-out too
“If your budgets X and you spent point nine X on tokens”
Gary Cohn · IBM (Vice Chairman) · CNBC ↗

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