The IBM Common Stock (NYSE: IBM) has risen by 11.72% from its May lows, as shown on the chart below, boosted by the unveiling of its Watsonx AI products, previewed at IBM THINK in May. IBM’s share price rally can be attributed to its new AI product.
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As always, IBM is well-known for providing services targeted at large enterprises, and its latest Watsonx AI product is no different. IBM’s Watsonx’s AI services are tailored to large enterprises such as Global Fortune 100 and 500 companies.
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Watsonx offers three products to help organisations accelerate and scale AI. First, there is watsonx.ai studio for generative ai, machine learning and foundation models. Secondly, there is watsonx.data, a first-for-purpose data store built on an open lakehouse architecture. Lastly, there is the watsonx.governance toolkit, which will be rolled out later this year.
Watsonx allows clients and partners to specialise in and deploy models for various enterprise functions or to build their own. As part of its beta and tech review programs, IBM invited over 150 users to test and shape the platform from different industries, such as telecoms and banking.
Businesses are excited about tapping foundation models and machine learning in one place, with their data, to accelerate generative AI workloads.
Atsushi Hasegawa, Chief Engineer, Honda R&D, said: “In an environment where the integration with our systems and seamless interconnection with various software are paramount, watsonx.ai emerges as a compelling solution. Its inherent flexibility and agile deployment capabilities, coupled with a robust commitment to information security, accentuates its appeal.”
Marc Sabino, MD, Internal Audit, Citi Bank, said: “We’re looking at the potential usage of Large Language Models. I think there’s a huge possibility with that. The key one [use case] that I think about internally is how do you think about using an LLM to connect your controls to your internal policies and into your regulations.”
IBM shares were trading slightly higher at writing as investor interest in the company increased.
*This is not investment advice.
IBM stock price.
The IBM stock price has risen 11.72% from its May lows of $120.68 to its current price of $134.82.
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