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IBM has been working on Watson for nearly a decade and is now positioned to be a major player in the generative AI era. IBM has a strong technological foundation, a robust AI stack, a hybrid cloud position, an expanding ecosystem and a consulting organization with deep domain expertise. Recently, top industry analysts spent the day at the Thomas J. Watson Research Center in Yorktown Heights, New York, where they were briefed on gen AI, infrastructure, semiconductor advancements and quantum computing.