IBM Keeps Watson Financials Under Wraps

ENLARGE IBM’s Watson artificial-intelligence technology won ‘Jeopardy’ in 2011, but it has yet to become a significant revenue stream. Photo: Ben Hider/Getty Images By Robert McMillan Robert McMillan The Wall Street Journal CANCEL Biography @bobmcmillan therealrobertmcmillan Feb. 26, 2016 7:06 p.m. ET 0 COMMENTS International Business Machines Corp. IBM -1.84 % on Thursday changed its financial reporting structure to give investors more insight into the company’s ongoing transition from a traditional supplier of business hardware, software and services into a leader in cloud computing and data analytics. The changes shed light on some of IBM’s so-called strategic initiatives, but they did little to illuminate its biggest bet: the effort to generate revenue from its “Jeopardy”-winning Watson artificial intelligence technology. There “was no ’AWS moment,’” wrote Sanford Bernstein analyst Toni…

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