• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

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

by October 21, 2024
written by October 21, 2024

(Reuters) – IBM (NYSE: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 (NASDAQ:MSFT) 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 (NASDAQ:NVDA)’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.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Morning Bid: SAP sets the tone
next post
EM stocks becoming more favorable amid rate cuts, China stimulus- UBS

You may also like

Adani, Ambani news units sue OpenAI over copyright,...

March 13, 2026

China’s DeepSeek sets off AI market rout

March 13, 2026

BASF results down on impairments, restructuring

March 13, 2026

Nasdaq futures tumble as China’s AI push rattles...

March 13, 2026

European chipmakers slump as traders gauge DeepSeek AI...

March 13, 2026

Fuji Media, rocked by sexual misconduct allegations, says...

March 13, 2026

China Vanke’s CEO, chairman resign amid growing liquidity...

March 13, 2026

Italy’s MPS shares fall ahead of Mediobanca board...

March 13, 2026

UMG shares rally after new multi-year pact with...

March 13, 2026

British Land stock drops following stake sale

March 13, 2026
Sign up and get the scoop before anyone else—fresh updates, and secret deals, all wrapped up just for you. We're talking juicy tips, fun surprises, and invites to events you actually want to go to. Don’t just watch from the sidelines—jump in and be part of the magic!








    By signing up, you're cool with getting emails from us. Don’t worry — your info stays safe, sound, and strictly confidential. No spam, no funny business. Just the good stuff.

    Recent Posts

    • What falling wage growth says about where the U.S. economy is heading

      April 7, 2026
    • Savannah Guthrie returns to ‘TODAY’ amid search for mother: ‘It’s good to be home’

      April 7, 2026
    • U.S. added 178,000 jobs in March, reflecting resilient labor market just as Iran war escalated

      April 6, 2026
    • U.S. oil has its biggest one-day price increase in six years, driving the cost of gas even higher

      April 6, 2026

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (726)
    • Stock (6,426)

    Latest News

    • What falling wage growth says about where the U.S. economy is heading
    • Savannah Guthrie returns to ‘TODAY’ amid search for mother: ‘It’s good to be home’

    Popular News

    • Australia raised fair trade in Trump phone call, says PM Albanese
    • U.K. stocks higher at close of trade; Investing.com United Kingdom 100 up 0.10%

    About The Significant deals

    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy