IBM (NYSE:IBM) has announced that it will be releasing a new set of artificial intelligence models as open-source software. Additionally, the company has secured a deal with Saudi Arabia to aid in the training of an AI system in Arabic.
What Happened: IBM, based in Armonk, New York, has decided to take a different approach to AI monetization than its competitors. While companies like Microsoft Corp (NASDAQ:MSFT) are keeping their AI models under tight wraps and charging for access, IBM is opting for open access to its models, Reuters reported.
The company has now introduced its “Granite” family of AI models for customization by businesses.
The Granite tools are designed to help software developers write code more efficiently. IBM offers a paid tool, Watsonx, to run the models smoothly within a data ...