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IBM to sell Watson Health unit generating $1 bn revenue: Report
short by Hiral Goyal / on Sunday, 21 February, 2021
IBM is exploring the potential sale of IBM Watson Health business, which employs AI to help hospitals and drug makers manage their data, the WSJ reported. The unit generates roughly $1 billion in annual revenue and is currently not profitable, the report said. IBM could sell the unit to a private-equity firm, industry player or merge with a blank-cheque company.