IBM joins the AI race with WatsonX; will 'multiply impact' of artificial intelligence across businesses

tech.hindustantimes.com:

The iconic American multinational corporation, International Business Machines Corps (IBM) dipped its toes into artificial intelligence more than 10 years ago. In 2010, it created Watson, a software that was capable of answering questions in natural language. It captured people's attention for winning the game show “Jeopardy!”. But the offering was never really substantiated commercially, and eventually, IBM was forced to sell its Watson Health unit for an undisclosed amount. But now, in 2023, the tech giant is back and has joined the AI race with its new WatsonX AI platform.

IBM unveiled the platform earlier today, May 9 as an all-in-one toolkit to build and integrate AI solutions for enterprises. Introducing WatsonX, IBM website mentions, “Watsonx is our upcoming enterprise-ready AI and data platform designed to multiply the impact of AI across your business. The platform comprises three powerful components: the watsonx.ai studio for new foundation models, generative AI and machine learning; the watsonx.data fit-for-purpose store for the flexibility of a data lake and the performance of a data warehouse; plus the watsonx.governance toolkit, to enable AI workflows that are built with responsibility, transparency and explainability”.

While the first AI experiment by IBM was not a resounding success, this time, the tech company is more confident in its ability and the platform to be able to offer the right tools needed by businesses to cope with the increasing complexities involved. In a press conference, IBM CEO Arvind Krishna told Reuters, “When something becomes 100 times cheaper, it really sets up an attraction that's very, very different. The first barrier to create the model is high, but once you've done that, to