As generative AI continues to grow and drive the tech industry, IBM’s new engine looks like it will be a game-changer for companies that want to expand their AI powers without sacrificing security or efficiency.
Large language models like OpenAI’s ChatGPT and Anthropic’s Claude are leading the way in a new era of AI-driven solutions. Generative AI has become an important part of technology. These advances have not only changed AI, but they have also created a huge business around how to use them. Integrating AI into banking services, on the other hand, has not been an easy process.
The answer comes in specialization and customization, as shown by the fact that JPMorgan Chase just recently gave its employees a version of OpenAI’s ChatGPT that was made just for them.
Even though generative AI has a lot of promise, cloud-based solutions are very hard to use in fields where data security is very important. Fintech and similar industries often have to protect private data from outside threats because of regulatory and fiduciary duties. This makes cloud-only AI solutions less practical.
These worries can be put to rest by IBM’s WatsonX.ai, which provides a flexible platform that allows for both cloud-based and on-premises AI usage. With the addition of the Lightweight Engine, this freedom is even greater, as businesses can now use AI models on-site while using very few resources. This change is especially important for fields like fintech, blockchain, and crypto-lending that put a high value on security and speed.
