Fund will fuel innovation, strategic partnerships and generate returns by investing in enterprise AI-focused startups
Fund demonstrates IBM s continued commitment to the effective and responsible.
IBM (IBM) Launches $500 Million Enterprise AI Venture Fund streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
IBM announced the launch of its $500 million Enterprise AI Venture Fund, with the aim of developing new and existing businesses and platforms working on generative AI solutions for enterprises.
Developer velocity, the speed at which an organization ships code, is often impacted by necessary but lengthy processes like code review, writing documentation and testing. Machine learning PhD Matan Grinberg and Eno Reyes, previously a data scientist at Hugging Face and Microsoft, thought there had to be a better way. During a Hackathon in San Francisco, Grinberg and Reyes built a platform that could autonomously solve simple coding problems a platform that they later came to believe had commercial potential.