What’s Going On With IBM Shares On Tuesday?

What’s Going On With IBM Shares On Tuesday?

What’s happening with IBM stock on Tuesday?

On Tuesday, the company announced that it plans to make the IBM Granite model series available later this year for use in all countries. Salesforce, Inc. (NYSE:RCMP) Einstein 1 Platform, with the aim of providing Customers access more models to improve decision-making for AI CRM use cases.

Granite code templates range from settings 3B to 34B and are available in base and guide template variations, which are suitable for tasks such as code generation and bug fixing.

Look at this: IBM launches into open source AI with ‘Granite’ models, enters into training agreement with Saudi Arabia for Arab AI system

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

The tech giant also confirmed it would release a family of IBM Granite models as open source and launched InstructLab in collaboration with Red Hat.

Apart from this, the company partners with Adobe Inc. (NASDAQ:ADBE) on hybrid cloud and AI, bringing Red Hat OpenShift and Watsonx to Adobe Experience Platform. The companies also plan to make watsonx.ai and Adobe Acrobat AI Assistant available on-premises and in a private cloud.

IBM is also launching a new consulting service to advance customer adoption of Adobe Express. These capabilities are expected to be available during 2H24.

The development includes the tech giant’s highest-performing and most efficient code LLMs, capable of outperforming larger code models on many industry benchmarks.

According to BenzingaPro, IBM stock has gained more than 33% over the past year. Investors can gain exposure to the stock via FT Vest Tech Dividend Target Income ETF (BATS:TDVI) And ETF FT Vest DJIA Dogs 10 Target Income (BATS:DOG).

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

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