Skip to content
Options Trading Report

Options Trading Report

Primary Menu
  • Home
  • Business
  • Domestic
  • Economy
  • Money
  • Top News
  • Newsletters
  • Home
  • 2024
  • October
  • IBM releases new AI models for businesses as genAI competition heats up

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

Editor October 23, 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.

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

About the Author

Editor

Administrator

Visit Website View All Posts

Post navigation

Previous: Modi tells Putin that India wants peace in Ukraine
Next: McDonald’s shares drop as head of US vows to improve safety after E. coli outbreak

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Want More Market News?
Add your email address below to get up to date market news and more!
By submitting the form you agree to the Privacy Policy of Options Trading Report and agree to receive our email updates and special offers. As a bonus, you will also get a free subscription to MTA Trade of the Day, Privacy Policy. You will receive special offers and advertisements from Options Trading Report and MTA Trade of the Day and our affiliates. You may unsubscribe at any time.

Search

Recent Posts

  • Tesla offers mammoth $1 trillion pay package to Musk, sets lofty targets
  • Broadcom shares rally as $10 billion chip deal shows AI strategy paying off
  • TikTok users top 200 million in Europe, firm says
  • Tesla offers mammoth $1 trillion pay package to Musk, sets lofty targets
  • Alphabet’s Google set to be hit with EU antitrust fine over adtech on Friday, sources say

Categories

  • Business
  • Market News
  • Newsletters
  • Options
  • Reflections
  • Top News

You may have missed

  • Newsletters

Tesla offers mammoth $1 trillion pay package to Musk, sets lofty targets

Editor September 5, 2025
2025-09-05T090504Z_1_LYNXMPEL840DH_RTROPTP_4_BROADCOM-RESULTS
  • Market News

Broadcom shares rally as $10 billion chip deal shows AI strategy paying off

Editor September 5, 2025
2025-09-05T091634Z_1_LYNXMPEL840DV_RTROPTP_4_USA-TRUMP-TIKTOK
  • Market News

TikTok users top 200 million in Europe, firm says

Editor September 5, 2025
2025-09-05T122601Z_1_LYNXMPEL840KE_RTROPTP_4_MUSK-CHINA
  • Market News

Tesla offers mammoth $1 trillion pay package to Musk, sets lofty targets

Editor September 5, 2025
  • Home
  • Terms of Service
  • Privacy Policy
  • Disclaimer
  • Contact Us
Copyright 2025 © All rights reserved | Options Trading Report | optionstradingreport.com