The software segment, which accounted for a little over 40% of the company’s revenue last year,  grew by about 8% in constant currency terms in Q4, driven by the Red Hat and automation businesses. With the success of the viral ChatGPT chatbot, investors are becoming more enthusiastic about the role AI could play in the economy and we will be looking for updates on IBM’s developments on that front. CEO Arvind Krishna previously indicated that he expects technology-related spending to continue to expand despite fears over rising interest rates, inflation, and tightness in the labor markets.