IBM executives in China: The "DeepSeek moment" of the software industry has not yet arrived.

Last month, the appearance of Anthropic's AI programming tool Claude Code in the capital market caused a huge wave, leading to a sharp drop in global software stocks. For a time, the argument that "AI is killing software" was rampant. Does this mean that the software industry, especially in the complex enterprise software field, has entered the "DeepSeek moment"? "I don't think so," said Chen Xudong, Chairman and General Manager of IBM Greater China, in response to a reporter from the First Financial Daily today. He explained that when stock prices plummet, few customers actually inquire about what's going on because the market underestimates the "complexity" of enterprise applications. He explained that true IT modernization is far from simple code rewriting or translation. It is a massive systems engineering that involves hardware replacement, organizational restructuring, and modernization of business processes. Taking IBM's host with a 60-year history as an example, its vitality lies in the regular updating of hardware due to supply chain iteration, and software continuously adjusts and adapts in a systematic rhythm. Customers are already accustomed to this process.