International Business Machines Corp. (NYSE:IBM) presented his last progress in artificial intelligence with the release of Granite 3.0, the company’s most sophisticated family of AI models. The announcement was made during IBM’s annual TechXchange event.
Granite 3.0 models meet the growing demand for AI transparency, security and performance, especially in enterprises.
Available under the Apache 2.0 open source license, Granite 3.0 aims to provide flexible AI solutions to businesses seeking cutting-edge performance with greater control and adaptability.
The Open Source Initiative (OSI) highlighted Meta Platforms Inc (NASDAQ:META) For label your AI models as “open source”. OSI director Stefano Maffulli reportedly accused Meta of misleading users about open source technology, raising concerns about the company’s claims. Meanwhile, Meta chief Mark Zuckerberg has been a strong supporter of open source AI platforms and has criticized closed source AI platforms, including ChatGPT parent OpenAI, for having stifled creative freedom and development.
IBM’s Granite 3.0 series includes various models designed for various business tasks.
Granite 3.0 models, which support more than 12 natural languages and 116 programming languages, were developed using an innovative two-step training method.
IBM continues its focus on responsible AI development by introducing Granite Guardian 3.0, a family of models focused on security and risk detection.
IBM aims to further support enterprise AI initiatives by integrating these models into various platforms, such as Nvidia Corp. (NASDAQ:NVDA) NIM microservices and Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGLE) Vertex AI model garden from Google Cloud.
Nvidia Corp. (NASDAQ:NVDA) recently introduced a Open source AI model. The NVLM 1.0 model provides advanced capabilities for vision and language tasks, enhancing the company’s AI toolkit for developers.
Wedbush analyst Dan Ives highlighted the potential of IBM driven by the AI boom, predicts that continued momentum, increased business spending and a rebound in digital advertising will propel tech stocks higher by the end of the year.
IBM stock has gained more than 70% in the past 12 months. Investors can gain exposure to the stock through Vanguard Div Appreciation ETF (NYSE:VIG) And Vanguard High Dividend Yield ETF (NYSE:VYM).
Price action: IBM stock closed down 0.29% at $232.20 on Friday.
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