IBM makes more AI models open source and lands Saudi Arabia deal

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Go back to IBM makes more AI models open source and lands Saudi Arabia deal

RBC Capital Reiterates Outperform Rating on IBM (IBM)

May 22, 2024 6:17 AM EDT

RBC Capital analyst Matthew Swanson reiterated an Outperform rating and $200.00 price target on IBM (NYSE: IBM)

The analyst comments "We attended IBM's Think conference where management focused on their multi-pronged strategy around generative AI as the dual focus on AI and hybrid cloud... More

IBM to roll out more open-source AI models, strikes deal with Saudi Arabia

May 21, 2024 5:51 AM EDT

International Business Machines (NYSE: IBM) announced on Tuesday that it will launch a family of AI models as open-source software and assist Saudi Arabia in training an AI system in Arabic.

Unlike rivals such as Microsoft (NASDAQ:... More