HomeBusinessWhat's going on with IBM stock on Tuesday?

What’s going on with IBM stock on Tuesday?

What’s going on with IBM stock on Tuesday?

On Tuesday, the company said it is exploring making the IBM Granite model series available for use around the world later this year Salesforce, Inc. (NYSE:CRM) Einstein 1 platform, aiming to provide customers with access to more models to improve decision-making for AI CRM use cases.

The Granite code models range from 3B to 34B parameters and are available in both basic and instruction-following model variants, suitable for tasks such as code generation and bug fixing.

Check this out: IBM ventures into open-source AI with ‘granite’ models and signs training deal with Saudi Arabia for Arabic AI system

Moreover, IBM and AWS are working together to bring together Amazon.Com, Inc. (NASDAQ:AMZN) SageMaker and watsonx.governance on AWS. This product will equip Amazon SageMaker customers with advanced AI management capabilities for their predictive machine learning and generative AI models.

The tech giant also confirmed that it will release a family of IBM Granite models in open source and launched InstructLab in partnership with Red Hat.

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In addition, the company collaborates with Adobe Inc. (NASDAQ:ADBE) in hybrid cloud and AI, bringing Red Hat OpenShift and watsonx to Adobe Experience Platform. The companies are also exploring making watsonx.ai and Adobe Acrobat AI Assistant available on-premises and in the private cloud.

IBM is also introducing a new consulting service to help drive customer adoption of Adobe Express. These capabilities are expected to become available in the second half of 2020.

The development includes the tech giant’s most capable and efficient Code LLMs that can outperform larger code models on many industry benchmarks.

According to Benzinga Pro, IBM shares are up more than 33% in the past year. Investors can gain exposure to the stock through FT Vest Technology Dividend Target Income ETF (BATS:TDVI) and FT Vest DJIA Dogs 10 Target Income ETF (BATS:DOGG).

Price promotion: IBM shares closed 0.53% higher at $169.92 premarket at last check Tuesday.

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This article What’s going on with IBM stock on Tuesday? originally appeared on Benzinga.com

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