IBM launches $500M fund to develop generative AI for enterprise By Cointelegraph

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IBM (NYSE:) announced the launch of a $500 million Enterprise AI Venture Fund on Nov. 7 that, according to the company, will be focused on “accelerating generative AI technology and research for the enterprise.”

Generative AI products for the consumer market, such as OpenAI’s ChatGPT and Google’s Bard, have dominated the newswaves in 2023.