IBM launches a "lightweight engine" to provide generative AI services to the fintech sector

ChainCatcher news, according to Cointelegraph, IBM recently launched a brand new "lightweight engine" WatsonX.ai service, primarily aimed at enterprise customers. This lightweight engine is seen as a potential breakthrough for small and medium-sized enterprises in emerging industries like fintech to adopt generative AI. Unlike similar cloud services offered 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.

JPMorgan Chase recently purchased enterprise-level access to ChatGPT, providing service for all 60,000 of its employees. IBM executives stated that as companies need to deploy generative AI applications internally, they are looking for a platform that occupies fewer resources and is more lightweight. IBM's "lightweight engine" was created for this purpose, enabling software developers and enterprise developers to effectively deploy and run generative AI solutions while optimizing costs.