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Fintechbits
Home » IBM launches new AI models for businesses as genAI competition heats up
AI in Finance

IBM launches new AI models for businesses as genAI competition heats up

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(Reuters) – IBM released the latest version of its enterprise-grade artificial intelligence models on Monday, seeking to capitalize on the rise of companies adopting generative AI technology.

The “Granite 3.0” models will be made open source, like other versions of IBM’s Granite family of AI models. This approach differs from competitors such as Microsoft who charge customers for access to their models.

In turn, IBM offers a paid tool called Watsonx that allows models to be run in data centers after their customization.

Some variants of the new Granite models are available starting Monday for commercial use on the Watsonx platform. A selection of these models will also be available on Nvidia’s stack of software tools allowing businesses to integrate AI models.

The new Granite models were trained using AI chip leader Nvidia’s H100 graphics processing units (GPUs), said Dario Gil, director of research at IBM.

(Reporting by Arsheeya Bajwa in Bangalore; Editing by Rashmi Aich)

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