Global cloud, AI, and business services provider International Business Machines (NYSE:IBM) has introduced a new AI and data platform, IBM watsonx, at its annual Think conference. The platform will help enterprises in scaling and boosting advanced AI with data.
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Further, watsonx offers an AI development studio with access to a data store, a toolkit for AI governance as well as foundation and open-source models.
The Chairman and CEO of the company, Arvind Krishna commented, “We built IBM watsonx for the needs of enterprises so that clients can be more than just users, they can become AI advantaged. With IBM watsonx, clients can quickly train and deploy custom AI capabilities across their entire business, all while retaining full control of their data.”
Additionally, IBM is also expected to introduce upcoming solutions including GPU offerings on its cloud, a cloud carbon calculator, and a center of excellence for generative AI at the conference.
Overall, the Street has a $147.38 consensus price target on IBM pointing to a 21.7% potential upside in the stock.
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