IBM to split into two companies

International Business Machines (IBM) is planning to split itself into two public companies as it focuses on areas like cloud computing and artificial intelligence. The move will mark the biggest-ever business exit for the century-old tech giant, spinning off a "slower-growth" unit that manages corporate computer systems. CEO Arvind Krishna says the company is "redefining the future of IBM," which plans to become a leader in hybrid-cloud software and services that allow clients to store data.