Opinion: IBM’s $240M AI deal doesn’t disprove the AI bubble

Opinion: IBM’s 0M AI deal doesn’t disprove the AI bubble

By Stephen M. Saunders MBE
Publication Date: 2026-08-11 17:13:00

Centralized AI compute isn’t going away — but it is becoming infrastructure rather than the center of | IBM’s $240 million AI infrastructure deal with Together AI underscores that the biggest long-term opportunity in AI lies in deploying intelligence across the broader economy.