I see IBM's generative‑AI book of business grew from $5 bn to over $12.5 bn across 2025 – inception‑to‑date signings, mostly consulting – while IBM Consulting's full‑year revenue rose just 0.4%. Accenture booked $5.9 bn of generative‑AI work in fiscal 2025, guiding 2‑5% total revenue growth amid an $865 m restructuring that disclosed exits of staff deemed not retrainable. Bookings are accumulating faster than they convert, so the widening gap itself is the finding.