IBM launches "lightweight engine" to provide generative AI services to the fintech industry.
On August 11, IBM recently launched a brand-new "lightweight engine" called WatsonX.ai service, primarily targeting enterprise customers. This lightweight engine is seen as a potential breakthrough for the adoption of generative AI by small and medium-sized enterprises in emerging industries such as fintech. Unlike the similar cloud-based services provided by companies like Microsoft and Google, IBM's solution supports on-premises deployment, better meeting the financial industry's requirements for data security and compliance.
Recently, JPMorgan Chase has purchased enterprise-level access to Chat GPT, providing service to all 60,000 of its employees. IBM executives stated that as enterprises need to deploy generative AI applications internally, they are seeking a platform that is more resource-efficient and lightweight. IBM's "lightweight engine" is designed for this purpose, helping software developers and enterprise developers effectively deploy and run generative AI solutions while optimizing costs.
