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IBM Releases New AI Models for Businesses as GenAI Competition Heats up

Figurines with computers and smartphones are seen in front of IBM logo in this illustration taken, February 19, 2024. (Reuters)
Figurines with computers and smartphones are seen in front of IBM logo in this illustration taken, February 19, 2024. (Reuters)
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IBM Releases New AI Models for Businesses as GenAI Competition Heats up

Figurines with computers and smartphones are seen in front of IBM logo in this illustration taken, February 19, 2024. (Reuters)
Figurines with computers and smartphones are seen in front of IBM logo in this illustration taken, February 19, 2024. (Reuters)

IBM released the latest version of its artificial intelligence models catered towards businesses on Monday, looking to capitalize on the surge in enterprises adopting generative AI technology.

"Granite 3.0" models will be made open-source, similar to other versions in IBM's Granite family of AI models. This approach differs from rivals such as Microsoft that charge customers for access to their models.

In turn, IBM offers a paid tool called Watsonx that helps run models inside data centers after they have been customized.

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 that enable businesses to incorporate AI models.

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

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Saudi, Kuwaiti AI Associations Partner to Advance Regional AI Governance

The agreement represents the first international MoU signed by the AIGA - SPA
The agreement represents the first international MoU signed by the AIGA - SPA
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Saudi, Kuwaiti AI Associations Partner to Advance Regional AI Governance

The agreement represents the first international MoU signed by the AIGA - SPA
The agreement represents the first international MoU signed by the AIGA - SPA

The Artificial Intelligence Governance Association (AIGA), under the technical supervision of the Saudi Data and AI Authority (SDAIA), has signed a memorandum of understanding with the Kuwaiti Association of Artificial Intelligence of Things.

The deal aims to foster collaboration in developing and implementing AI governance standards, sharing expertise, and driving scientific research and innovation in Artificial Intelligence of Things (AIoT).

The agreement represents the first international MoU signed by the AIGA, signaling the beginning of expanded efforts to promote the responsible governance of advanced technologies, according to SPA.

The partnership reflects the commitment of both associations to support regional initiatives in AI technology development, enhance governance frameworks, and exchange knowledge, ultimately advancing a responsible and sustainable innovation ecosystem that benefits communities and supports national and regional efforts toward a knowledge-based economy driven by advanced technologies.