Would you like to receive notifications on latest updates of the following headlines?

IBM launches new AI models for businesses as GenAI competition heats up

POSTED ON October 22, 2024 •   Technology      BY Abiodun Saheed Omodara
Figurines with computers and smartphones are seen in front of IBM logo in this illustration taken, February 19, 2024. l Credit: Reuters

IBM has released the latest version of its artificial intelligence models catered towards businesses on Monday, looking to capitalise 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 centres after they have been customised.

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.

0
READ ALSO
Tanzania,  Nigeria Lead Africa in Rising Fraud Rates- Report
BY Abiodun Saheed Omodara June 19, 2025 0

Tanzania and Nigeria have emerged as the leading countries in Africa for higher fraud rates, accordi...

READ ALSO
OpenAI Secures $200m Contract with US Department of Defense
BY Abiodun Saheed Omodara June 17, 2025 0

The US Department of Defense on Monday awarded OpenAI a $200 million contract to utilize generative...

READ ALSO
60,000 Nigerians Abroad Register on Diaspora Data Mapping Portal
BY Abiodun Saheed Omodara June 3, 2025 0

Approximately 60,000 Nigerians residing overseas have registered on the Diaspora Data Mapping Portal...

READ ALSO
Federal Ministry Unveils Digital Village to Bridge Digital Divide in Abuja Community
BY Abiodun Saheed Omodara May 30, 2025 0

The Federal Ministry of Communications, Innovation and Digital Economy has launched a Digital Villag...

READ ALSO
FG Unveils Project CNG-SPROUT to Revolutionize Campus Transport with Clean Energy
BY Abiodun Saheed Omodara May 30, 2025 0

The federal government has launched a transportation initiative called "Project CNG-SPROUT," designe...

READ ALSO
Agro Alliance Takes Top Honors at Hack4Livestock with IoT Solution for Cattle Intrusions
BY Abiodun Saheed Omodara May 24, 2025 0

ABUJA, Nigeria - The Ministry of Livestock Development has announced its intention to empower 1,000...

READ ALSO
INEC Launches AI Division to Enhance Electoral Processes, Address Challenges
BY Abiodun Saheed Omodara May 23, 2025 0

ABUJA, Nigeria - The Independent National Electoral Commission (INEC) has sanctioned the establishme...

READ ALSO
Legal Obligations Remain Despite Threats to Exit Nigeria, FCCPC Rebukes Meta Platforms
BY Abiodun Saheed Omodara May 3, 2025 0

The Federal Government, through its Competition and Consumer Protection Commission (FCCPC), has crit...

OUR CHANNELS:

Nigeria's 2024 Budget Capital Extension Draws Criticism from Economists
BY Abiodun Saheed Omodara June 26, 2025 0

The Senate and House of Representatives have once again prolonged the implementation of the capital...


Chelsea Advances to Last 16 of Club World Cup with 3-0 Win Over Esperance
BY Abiodun Saheed Omodara June 26, 2025 0

Liam Delap netted his first goal for Chelsea during a 3-0 victory over Tunisian champions Esperance...


IPOB Rejects Tinubu's Cattle Ranch Proposal as a Disguise for Land Grabbing
BY Abiodun Saheed Omodara June 26, 2025 0

ABUJA, Nigeria - The Indigenous People of Biafra (IPOB) has expressed its disapproval of President B...


Police Unveils New Strategies to Combat Gunmen and Restore Public Confidence
BY Abiodun Saheed Omodara June 26, 2025 0

ANAMBRA, Nigeria - In its continued efforts to boost security and regain public trust, the Anambra S...


Nigeria's Gemstone Potential: A Deep Dive into 10 Rare Minerals and Their Regions of Origin
BY Abiodun Saheed Omodara June 26, 2025 0

Nigeria is making waves with a revolutionary $400 million Foreign Direct Investment dedicated to cre...


IPMAN Links Rising Petrol Prices to Crude Oil Costs and Market Dynamics
BY Abiodun Saheed Omodara June 26, 2025 0

ABUJA, Nigeria (NAN) - The Public Relations Officer of the Independent Petroleum Marketers Associati...


EFCC Charges Businessman, Company with $75,000 Fraud
BY Abiodun Saheed Omodara June 26, 2025 0

A businessman, Peter Otomewu, along with his company, Pebeto Enerji Limited, was brought before the...


Osimhen Willing to Join Manchester United for Under £200,000 a Week
BY Abiodun Saheed Omodara June 26, 2025 0

Victor Osimhen is reportedly willing to accept a weekly wage of just under £200,000 at Manches...


Trump Announces Iran-Israel Ceasefire Deal, Tehran Denies Formal Agreement
BY Abiodun Saheed Omodara June 26, 2025 0

Former U.S. President Donald Trump has announced that Iran and Israel have agreed to a “comple...


French Police Arrest 12 over Alleged Drugging of Women at Music Festival
BY Abiodun Saheed Omodara June 26, 2025 0

French police have arrested 12 individuals suspected of drugging female festivalgoers during the ann...


More Articles

Load more...

Menu