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.



Beijing Bourse Plans to Help Smaller Tech Companies to List

Beijing Bourse Plans to Help Smaller Tech Companies to List
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Beijing Bourse Plans to Help Smaller Tech Companies to List

Beijing Bourse Plans to Help Smaller Tech Companies to List

The Beijing Stock Exchange will help small and medium-sized tech companies with training and access to finance so they can list on the bourse, it said on Sunday, as part of government plans to foster innovation.
The stock exchange said its action plan would help SMEs, which are not profitable but have potential, to obtain financing from banks and market institutions, and it will also provide training and support.
The bourse will also encourage listed companies as well as the newer SMEs to carry out merger and acquisitions and enhance listings through instruments including ordinary shares, preferred shares and convertible bonds.
It will encourage policy institutions and market institutions to provide credit enhancement support, it said.