IBM launches "Lightweight Engine" to provide generative AI services to the financial technology sector

BlockBeats news, on August 11, according to Cointelegraph, IBM recently launched a new "lightweight engine" WatsonX.ai service, mainly for corporate customers. This lightweight engine is seen as a possible breakthrough for small and medium-sized enterprises in emerging industries such as fintech to adopt generative AI. Unlike similar cloud services provided by Microsoft, Google and other companies, IBM's solution supports local deployment and can better meet the financial industry's requirements for data security and compliance.

JPMorgan Chase recently purchased enterprise-level Chat GPT access to serve all of its 60,000 employees. IBM executives said that as companies need to deploy generative AI applications internally, they hope to have a platform with smaller resource usage and lighter weight. IBM's "lightweight engine" was born for this purpose, which can help software developers and enterprise developers effectively deploy and run generative AI solutions while optimizing costs.