Tech giant IBM (IBM) recently launched Project Bob, an AI-powered coding tool that’s designed to help developers in complex enterprise environments. While many coding assistants promise faster results, Bob focuses on making life easier for developers by handling repetitive tasks and adapting to their specific work needs. Indeed, Neel Sundaresan, IBM’s General Manager of Automation and AI, explained that Bob’s goal is to “automate the obvious” so developers can spend more time on complex problems that need their attention.
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Interestingly, Bob uses plain language to write or update code. It can also talk to other AI systems (called agents) to get things done automatically, without needing detailed programming. According to Sundaresan, this represents a shift into “software 4.0,” where computers are now able to talk in human language instead of people needing to learn complicated coding languages.
In addition, Bob includes safety features to make sure it follows security and compliance rules, especially in industries like finance or government. IBM also says that Bob can reduce costs by choosing the most efficient AI model for each task, which could potentially cut expenses by more than half compared to other tools. As a result, Bob now helps over 10,000 IBM developers and is set to launch publicly next year.
Is IBM a Buy, Sell, or Hold?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on IBM stock based on 10 Buys, five Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average IBM price target of $303.71 per share implies that shares are trading near fair value.
