According to BlockBeats, IBM has recently introduced a new 'lightweight engine' WatsonX.ai service, primarily targeting enterprise clients. This lightweight engine is seen as a significant breakthrough for small and medium-sized enterprises in emerging industries like fintech to adopt generative AI. Unlike similar cloud services offered by companies such as Microsoft and Google, IBM's solution supports on-premises deployment, better meeting the financial industry's data security and compliance requirements.

JPMorgan Chase has recently purchased enterprise-level Chat GPT access for its 60,000 employees. IBM executives stated that as enterprises need to deploy generative AI applications internally, they seek a platform that is less resource-intensive and more lightweight. IBM's 'lightweight engine' is designed to meet this need, helping software developers and enterprise developers optimize costs while effectively deploying and running generative AI solutions.