IBM Launches $500 Million AI-Focused Venture Fund
08 November 2023 - 1:44AM
Dow Jones News
By Will Feuer
International Business Machines said it is launching a $500
million venture fund to invest in various artificial
intelligence-focused companies.
The investments will target companies focused on generative AI
applications for enterprises.
Earlier this year, IBM launched its Watsonx AI-and-data
platform. The company has been rolling out new features, including
code assist.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
November 07, 2023 09:29 ET (14:29 GMT)
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