IBM announced updates to its Watsonx platform at its annual THINK conference, focusing on open source artificial intelligence (AI) and new data and automation capabilities. CEO Arvind Krishna highlighted the company’s investment in the open source AI community and released Granite code and language models in open source. These models, available on Hugging Face and GitHub, have shown strong performance in various industry benchmarks.
In partnership with Red Hat, IBM introduced InstructLab, a model alignment technique that incorporates contributions from the open source community into language models. This allows developers to create industry-specific models using their data, aiming to democratize the value of AI. IBM also previewed new AI-powered automation capabilities, including IBM Concert, set to launch in June 2024, which will provide generative insights to predict and suggest solutions for IT problems.
The company is strengthening partnerships with major technology firms like AWS, Adobe, Meta, and Microsoft to expand capabilities and offer more model options, flexibility, and governance through Watsonx. Additionally, IBM announced the expansion of its NVIDIA GPU offerings and support for RHEL AI and OpenShift AI to address AI and other critical workloads.
From an investor perspective, IBM’s financial health and market performance are crucial factors. With a market capitalization of $156.09 billion and a dividend yield of 3.93%, IBM demonstrates a commitment to innovation and returning value to shareholders. InvestingPro’s analysis highlights IBM as a prominent player in the IT services industry with strong free cash flow performance, indicating potential for sustainable financial success. IBM stock also exhibits low price volatility, offering stability in an investor’s portfolio.
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Overall, IBM’s updates to the Watsonx platform showcase the company’s commitment to advancing AI technology through open source collaboration, automation capabilities, and strategic partnerships with leading technology firms. The company’s financial stability and shareholder returns further reinforce IBM’s position as a key player in the IT industry.
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https://www.investing.com/news/company-news/ibm-advances-opensource-ai-with-new-models-and-collaborations-93CH-3449083
