2023-11-13 04:00:00
IBM announces massive $500 million investment to support startups focused on enterprise artificial intelligence. This fund aims to accelerate generative AI technology and research. Already supporting Hugging Face and Hidden Layer, IBM is strengthening its initiatives by equipping AI companies with tools and resources. This new initiative includes the IBM Enterprise AI Venture Fund, supporting a broad range of start-ups and providing collaboration opportunities with IBM, strengthening operational expertise and access to AI solutions. IBM is banking on the development of AI start-ups to establish its position on the market, aware of the potential of this revolution. This initiative takes place in a context where revenues from AI have already increased by 6% at IBM. Source
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