IBM China executive: The DeepSeek moment for the software industry has not yet arrived

格隆汇 March 11｜According to Yicai, last month, the launch of Anthropic's AI programming tool Claude Code caused a huge wave in the capital market, leading to a sharp decline in global software stocks. For a time, the argument that "AI is killing software" was rampant. Does this mean that the software industry, especially the complex enterprise-level software sector, has ushered in the "DeepSeek moment"? "I don't think it has arrived," responded Chen Xudong, Chairman and General Manager of IBM Greater China, today. He said that when stock prices plummeted, very few clients actually asked what was happening, because the market underestimated the "complexity" of enterprise-level applications. He explained that true IT modernization is far more than simply rewriting or translating code. It is a massive system engineering project involving hardware upgrades, organizational structure, and business process modernization. Taking IBM's mainframe, which has a history of 60 years, as an example, its vitality lies in the systematic rhythm of hardware needing regular updates due to supply chain iteration, and software constantly being adjusted and adapted accordingly. Clients have long been accustomed to this process.