Why isn't IBM's Watson supercomputer making money?

IBM's Watson supercomputer is one of the world's best-known artificial intelligence systems. But fame, it turns out, doesn't mean fortune. A scathing report from investment bank Jefferies claims that from an earnings per share perspective "it seems unlikely to us under almost any scenario that Watson will generate meaningful earnings results over the next few years". IBM Watson made its debut as a research project in 2006 and later gained fame after beating two human champions on classic US quiz show Jeopardy!. IBM has since spent a lot of time and money promoting its flagship product, posting more than 200 press releases on Watson, according to Jefferies.