IBM's Krishna: open weight AI models now match frontier models at a fraction of cost
IBM CEO Arvind Krishna told investors on the company's Q3 earnings call that open weight AI models, which scored far below closed frontier models in 2024 benchmarks, have closed much of that performance gap by late 2025. He said open models now deliver roughly 90 percent of frontier model performance at 10 to 25 percent of the token cost, and argued this makes them suitable for most routine enterprise tasks like summarizing emails or reviewing contracts.