Michael Derrer Fuchs We previously analyzed that International Business Machines Corporation's (NYSE:IBM) AI development predominantly revolved around the Software segment, representing 84.2% of AI projects. However, despite a diverse patent portfolio, AI has not notably boosted revenue growth as seen with the company's poor 5-year average growth (-4.4%). Although disclosed Intellectual Property and Custom Development Income increased by 8.4% to $664 mln in 2022, it fell short of the company's 10-year 17% a ...