IBM shares are trading higher after the company announced it has open sourced a family of Granite models and announced a deal with Saudi Arabia to aid in the training of an AI system in Arabic.
Portfolio Pulse from Benzinga Newsdesk
IBM shares are trading higher following the announcement of open sourcing its Granite models and a new deal with Saudi Arabia to train an AI system in Arabic.
May 21, 2024 | 3:02 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
IBM shares are trading higher after the company announced it has open sourced a family of Granite models and a deal with Saudi Arabia to aid in the training of an AI system in Arabic.
The open sourcing of Granite models and the partnership with Saudi Arabia are significant moves that enhance IBM's position in the AI market. These developments are likely to boost investor confidence and positively impact IBM's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100