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IBM Introduces Granite 3.0: High Performing AI Models Built for Business

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New Granite 3.0 8B & 2B models, released under the permissive Apache 2.0 license, show strong performance across many academic and enterprise benchmarks, able to outperform or match similar-sized modelsNew Granite Guardian 3.0 models deliver IBM’s most comprehensive guardrail capabilities to advance safe and trustworthy AINew Granite 3.0 Mixture-of-Experts models enable extremely efficient inference and low latency, suitable for CPU-based deployments and edge computingNew Granite Time Series model achieved state-of-the-art performance in zero/few-shot forecasting, outperforming models 10 times largerIBM unveils next generation of Granite-powered watsonx Code Assistant for general purpose coding; Debuts new tools in watsonx.ai for building and deploying AI applications and agentsAnnounces Granite will become the default model of Consulting Advantage, an AI-powered delivery platform used by IBM’s 160,000 consultants to bring new solutions to clients faster

ARMONK, N.Y., Oct. 21, 2024 /PRNewswire/ — Today, at IBM’s (NYSE: IBM) annual TechXchange event the company announced the release of its most advanced family of AI models to date, Granite 3.0. IBM’s third-generation Granite flagship language models can outperform or match similarly sized models from leading model providers on many academic and industry benchmarks, showcasing strong performance, transparency and safety.

Consistent with the company’s commitment to open-source AI, the Granite models are released under the permissive Apache 2.0 license, making them unique in the combination of performance, flexibility and autonomy they provide to enterprise clients and the community at large.

IBM’s Granite 3.0 family includes:

General Purpose/Language: Granite 3.0 8B Instruct, Granite 3.0 2B Instruct, Granite 3.0 8B Base, Granite 3.0 2B BaseGuardrails & Safety: Granite Guardian 3.0 8B, Granite Guardian 3.0 2BMixture-of-Experts: Granite 3.0 3B-A800M Instruct, Granite 3.0 1B-A400M Instruct, Granite 3.0 3B-A800M Base, Granite 3.0 1B-A400M Base

The new Granite 3.0 8B and 2B language models are designed as ‘workhorse’ models for enterprise AI, delivering strong performance for tasks such as Retrieval Augmented Geneneration (RAG), classification, summarization, entity extraction, and tool use. These compact, versatile models are designed to be fine-tuned with enterprise data and seamlessly integrated across diverse business environments or workflows.

While many large language models (LLMs) are trained on publicly available data, a vast majority of enterprise data remains untapped. By combining a small Granite model with enterprise data, especially using the revolutionary alignment technique InstructLab – introduced by IBM and RedHat in May – IBM believes businesses can achieve task-specific performance that rivals larger models at a fraction of the cost (based on an observed range of 3x-23x less cost than large frontier models in several early proofs-of-concept1).

The Granite 3.0 release reaffirms IBM’s commitment to building transparency, safety, and trust in AI products. The Granite 3.0 technical report and responsible use guide provide a description of the datasets used to train these models, details of the filtering, cleansing, and curation steps applied, along with comprehensive results of model performance across major academic and enterprise benchmarks.

Critically, IBM provides an IP indemnity for all Granite models on watsonx.ai so enterprise clients can be more confident in merging their data with the models.

Raising the bar: Granite 3.0 benchmarks

The Granite 3.0 language models also demonstrate promising results on raw performance.

On standard academic benchmarks defined by Hugging Face’s OpenLLM Leaderboard, the Granite 3.0 8B Instruct model’s overall performance leads on average against state-of-the-art-performance of similar-sized open source models from Meta and Mistral. On IBM’s state-of-the-art AttaQ safety benchmark, the Granite 3.0 8B Instruct model leads across all measured safety dimensions compared to models from Meta and Mistral.2 

Across the core enterprise tasks of RAG, tool use, and tasks in the Cybersecurity domain, the Granite 3.0 8B Instruct model shows leading performance on average compared to similar-sized open source models from Mistral and Meta.3

The Granite 3.0 models were trained on over 12 trillion tokens on data taken from 12 different natural languages and 116 different programming languages, using a novel two-stage training method, leveraging results from several thousand experiments designed to optimize data quality, data selection, and training parameters. By the end of the year, the 3.0 8B and 2B language models are expected to include support for an extended 128K context window and multi-modal document understanding capabilities.

Demonstrating an excellent balance of performance and inference cost, IBM offers its Granite Mixture of Experts (MoE) Architecture models, Granite 3.0 1B-A400M and Granite 3.0 3B-A800M, as smaller, lightweight models that could be deployed for low latency applications as well as CPU-based deployments.  

IBM is also announcing an updated release of its pre-trained Granite Time Series models, the first versions of which were released earlier this year. These new models are trained on 3 times more data and deliver strong performance on all three major time series benchmarks, outperforming 10 times larger models from Google, Alibaba, and others. The updated models also provide greater modeling flexibility with support for external variables and rolling forecasts.4

Introducing Granite Guardian 3.0: ushering the next era of responsible AI   

As part of this release, IBM is also introducing a new family of Granite Guardian models that permit application developers to implement safety guardrails by checking user prompts and LLM responses for a variety of risks. The Granite Guardian 3.0 8B and 2B models provide the most comprehensive set of risk and harm detection capabilities available in the market today.

In addition to harm dimensions such as social bias, hate, toxicity, profanity, violence, jailbreaking and more, these models also provide a range of unique RAG-specific checks such as groundedness, context relevance, and answer relevance.  In extensive testing across 19 safety and RAG benchmarks, the Granite Guardian 3.0 8B model has higher overall accuracy on harm detection on average than all three generations of Llama Guard models from Meta. It also showed on par overall performance in hallucination detection on average with specialized hallucination detection models WeCheck and MiniCheck.5

While the Granite Guardian models are derived from the corresponding Granite language models, they can be used to implement guardrails alongside any open or proprietary AI models.

Availability of Granite 3.0 models

The entire suite of Granite 3.0 models and the updated time series models are available for download on HuggingFace under the permissive Apache 2.0 license. The instruct variants of the new Granite 3.0 8B and 2B language models and the Granite Guardian 3.0 8B and 2Bmodels are available today for commercial use on IBM’s watsonx platform. A selection of the Granite 3.0 models will also be available as NVIDIA NIM microservices and through Google Cloud’s Vertex AI Model Garden integrations with HuggingFace.

To help provide developer choice and ease of use and support local, edge deployments, a curated set of the Granite 3.0 models are also available on Ollama and Replicate.

The latest generation of Granite models expand IBM’s robust open-source catalog of powerful LLMs. IBM has collaborated with ecosystem partners like AWS, Docker, Domo, Qualcomm Technologies, Inc. via its Qualcomm® AI Hub, Salesforce, SAP, and others to integrate a variety of Granite models into these partners’ offerings or make Granite models available on their platforms, offering greater choice to enterprises across the world. 

Assistants to Agents: realizing the future for enterprise AI 

IBM is advancing enterprise AI through a spectrum of technologies – from models and assistants, to the tools needed to tune and deploy AI specifically for companies’ unique data and use-cases. IBM is also paving the way for future AI agents that can self-direct, reflect, and perform complex tasks in dynamic business environments.

IBM continues to evolve its portfolio of AI assistant technologies – from watsonx Orchestrate to help companies build their own assistants via low-code tooling and automation, to a wide set of pre-built assistants for specific tasks and domains such as customer service, human resources, sales, and marketing. Organizations around the world have used watsonx Assistant to help them build AI assistants for tasks like answering routine questions from customers or employees, modernizing their mainframes and legacy IT applications, helping students explore potential career paths, or providing digital mortgage support for home buyers. 

Today IBM also unveiled the upcoming release of the next generation of watsonx Code Assistant, powered by Granite code models, to offer general-purpose coding assistance across languages like C, C++, Go, Java, and Python, with advanced application modernization capabilities for Enterprise Java Applications.6 Granite’s code capabilities are also now accessible through a Visual Studio Code extension, IBM Granite.Code.

IBM also plans to release new tools to help developers build, customize and deploy AI more efficiently via watsonx.ai – including agentic frameworks, integrations with existing environments and low-code automations for common use-cases like RAG and agents.7

IBM is focused on developing AI agent technologies which are capable of greater autonomy, sophisticated reasoning and multi-step problem solving. The initial release of the Granite 3.0 8B model features support for key agentic capabilities, such as advanced reasoning and a highly-structured chat template and prompting style for implementing tool use workflows.  IBM also plans to introduce a new AI agent chat feature to IBM watsonx Orchestrate, which uses agentic capabilities to orchestrate AI Assistants, skills, and automations that help users increase productivity across their teams.8  IBM plans to continue building agent capabilities across its portfolio in 2025, including pre-built agents for specific domains and use-cases.

Expanded AI-powered delivery platform to supercharge IBM consultants with AI 

IBM is also announcing a major expansion of its AI-powered delivery platform, IBM Consulting Advantage. The multi-model platform contains AI agents, applications, and methods like repeatable frameworks that can empower 160,000 IBM consultants to deliver better and faster client value at a lower cost.

As part of the expansion, Granite 3.0 language models will become the default model in Consulting Advantage. Leveraging Granite’s performance and efficiency, IBM Consulting will be able to help maximize the return-on-investment for the generative AI projects of IBM clients. 

Another key part of the expansion is the introduction of IBM Consulting Advantage for Cloud Transformation and Management and IBM Consulting Advantage for Business Operations. Each includes domain-specific AI agents, applications, and methods infused with IBM’s best practices so IBM consultants can help accelerate client cloud and AI transformations in tasks, like code modernization and quality engineering, or transform and execute operations across domains, like finance, HR and procurement.

To learn more about Granite and IBM’s AI for Business strategy, visit https://www.ibm.com/granite.

1 Cost calculations are based on API cost per million tokens pricing of IBM watsonx for open models and openAI for GPT4 models (assuming blend of 80% inout, 20% output) for customer proofs-of-concept.
2 IBM Research technical paper: Granite 3.0 Language Models
3 IBM Research technical paper: Granite 3.0 Language Models
The Tiny Time Mixer: Fast Pre-Trained Models for Enhanced Zero/Few Shot Forecasting on Multivariate Time Series
5 Evaluation results published in Granite Guardian GitHub Repo
6 Planned availability for Q4 2024
7 Planned availability for Q4 2024
8 Planned availability for Q1 2025

Media Contact:
Amy Angelini
alangeli@us.ibm.com

 

SOURCE IBM

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Genpact Introduces Finance Data Hub on Databricks to Transform Financial Data Management

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AI-driven solutions enable CFOs and finance teams to access reliable data faster, enhancing decision-making and operational efficiency

NEW YORK, Oct. 21, 2024 /PRNewswire/ — Genpact (NYSE: G), a global professional services and solutions firm delivering outcomes that shape the future, today introduced its new Finance Data Hub, powered by the Databricks Data Intelligence Platform. This AI-powered solution provides Chief Financial Officers (CFOs) and their teams with quicker access to accurate data, which improves decision-making and boosts operational efficiency.

To learn more about how to leverage the Genpact Finance Data Hub, click here.

“Finance leaders are often limited by fragmented data as they strive to deliver actionable insights,” said Riju Vashisht, Chief Growth Officer, Genpact. “Our Finance Data Hub unifies financial information, improving data quality, trust, and auditability, so teams can prioritize strategic decision-making. By collaborating with industry-leading partners, such as Databricks, we can help businesses realize the true value of their data with advanced technologies, deep industry knowledge, and global talent.”

Finance Data Hub solves data challenges by consolidating structured and unstructured data, such as contracts across operations, supply chain, financial planning, tax, and treasury into one central platform. This unified platform, built on the Databricks lakehouse foundation of open data formats and open lakehouse architecture provides finance teams with clean, reliable data in near-real-time, enabling advanced analytics and AI-driven insights for faster, more informed decision-making. With robust governance and simplified compliance, the solution enhances productivity and empowers CFOs to adapt swiftly to market changes, while managing spend, cash flow, and profitability.

“As businesses increasingly look to harness the power of data intelligence, having clean, accurate, and accessible data is crucial to building AI systems,” said Barry Dauber, Vice President of GenAI GTM, Databricks. “Our partnership with Genpact enables finance professionals to leverage AI and machine learning, optimizing performance, enhancing forecasting, and helping stay compliant with evolving regulations.” 

With over 20 years of experience, Genpact is a trusted partner for global enterprises, offering end-to-end finance and accounting (F&A) solutions that optimize operations, enhance compliance, and support strategic decision-making. From transactional processing to advanced analytics and AI-driven insights, Genpact helps CFOs and finance teams unlock the full potential of their financial data.

The Finance Data Hub, built on the Databricks Data Intelligence Platform, is the latest example of Genpact’s commitment to innovation, helping finance leaders transform their operations and stay ahead in a rapidly changing business environment.

About Genpact

Genpact (NYSE: G) is a global professional services and solutions firm delivering outcomes that shape the future. Our 125,000+ people across 30+ countries are driven by our innate curiosity, entrepreneurial agility, and desire to create lasting value for clients. Powered by our purpose – the relentless pursuit of a world that works better for people – we serve and transform leading enterprises, including the Fortune Global 500, with our deep business and industry knowledge, digital operations services, and expertise in data, technology, and AI. 

Get to know us at genpact.com and on LinkedInXYouTube, and Facebook

MEDIA CONTACTS:

Sue Martenson
Genpact Media Relations
+1 978 905 9582
susan.martenson@genpact.com

 

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Piraeus Migrates Majority of its ATM Network to Diebold Nixdorf’s DN Series® Cash Recyclers

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Cash recycling technology streamlines operations, reduces costs and improves the sustainability of the bank’s ATM fleet.

NORTH CANTON, Ohio, Oct. 21, 2024 /PRNewswire/ — Diebold Nixdorf (NYSE: DBD), a world leader in transforming the way people bank and shop, today announced a pivotal development in its long-standing partnership with Piraeus, a Greek multinational financial services company. By the end of 2024, Piraeus will have replaced its fleet of more than 1,200 self-service devices located inside the bank’s branches with DN Series® cash recycling ATMs. The ATMs will provide Piraeus customers the ability to conveniently manage their cash while giving the bank a proven platform to move many transactions from inside the branch to the self-service channel in support of its branch transformation program.

In 2021, Piraeus was the first financial institution in Greece to widely adopt automated cash recycling by deploying more than 300 DN Series ATMs. The innovative bank is committed to providing the highest level of customer experience and chose to further invest in the technology by purchasing an additional 928 DN Series ATMs since 2021, including nearly 400 units in 2024. Adopting the trends and demands of banking, the bank will now also offer customers NFC payment capability across its entire fleet, which enables contactless payments.

Cash recycling reduces the bank’s cash management costs by accepting, storing, and recirculating cash deposited in the ATM. Creating a closed-loop recycling environment that automatically moves money through the system provides the additional advantages of extending cash-in-transit (CIT) intervals and drastically reducing carbon emissions throughout the ATMs’ lifespan.

Piraeus, a financial institution deeply sensitive to providing accessible services for customers of various abilities, chose DN Series after highly evaluating its design. Diebold Nixdorf developed its DN Series ATMs with accessibility as an integral part of the design process.

The DN Series ATMs are powered by DN AllConnectSM Data Engine, which leverages the power of artificial intelligence (AI) and machine learning to maximize fleet performance and availability. By analyzing data patterns, trends and leading indicators, DN AllConnect Data Engine can identify an impending failure, triggering a proactive service call to avoid a future outage. This helps decrease the number of incidents, shorten resolution time and guarantee market-leading availability. In addition, DN Series includes enhanced security features to protect from traditional and emerging physical and cyber threats.

Harry Margaritis, group chief operating officer at Piraeus, said: “We are committed to continuously improving the experience we offer to our customers. By adopting a proven cash recycling technology across all our branches, we aim to offer a higher service level to our customers while at the same time improving operational efficiency.”

Joe Myers, executive vice president of Global Banking at Diebold Nixdorf, said: “In today’s banking environment, it’s critical for financial institutions to reduce costs while expanding their offerings for customers. We’re thrilled that every Piraeus branch across Greece will be equipped with DN Series ATMs, providing customers with the latest in cash recycling technology. Our continued partnership with Piraeus further reinforces that frictionless physical and digital experiences should be of paramount importance to financial institutions and their customers across the globe.”

About Piraeus 
Piraeus Bank S.A., is headquartered in Athens, and has approximately 7.5 thousand employees. The Piraeus Group’s total assets stood at €76.6billion on 30.06.2024. Piraeus Bank was founded in 1916. Today it represents the leading Bank in Greece in terms of customer loans and deposits. It maintains the largest distribution network in Greece and offers a vast array of financial products and services to 6 million customers.

About Diebold Nixdorf
Diebold Nixdorf, Incorporated (NYSE: DBD) automates, digitizes and transforms the way people bank and shop. As a partner to the majority of the world’s top 100 financial institutions and top 25 global retailers, our integrated solutions connect digital and physical channels conveniently, securely and efficiently for millions of consumers each day. The company has a presence in more than 100 countries with approximately 21,000 employees worldwide. Visit www.DieboldNixdorf.com for more information.

X: @DieboldNixdorf
LinkedIn: www.linkedin.com/company/diebold
Facebook: www.facebook.com/DieboldNixdorf
YouTube: www.youtube.com/dieboldnixdorf

DN-B

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Blackridge Partners Uses AI to Find Top Investments in 24 Major AI Innovations

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WAN CHAI, Hong Kong, Oct. 21, 2024 /PRNewswire/ — Blackridge Partners Ltd., a pioneering investment firm at the forefront of leveraging cutting-edge technology, is pleased to announce its strategic use of artificial intelligence (AI) to identify and capitalize on the most promising investment opportunities within the rapidly evolving landscape of AI innovations. With a focus on forward-thinking enterprises, Blackridge Partners has handpicked a portfolio of 24 of the most disruptive AI inventions, ready to transform numerous industries and marketplaces throughout the globe.

Blackridge Partners has initiated a quest to identify breakthrough technologies with significant potential for development and disruption, leveraging the power of AI. Using powerful algorithms and data analytics, the organization methodically analyzed and chose a variety of AI advancements poised to change the future of sectors ranging from healthcare and banking to transportation and entertainment.

“We are delighted to unveil our latest initiative aimed at identifying and investing in the forefront of artificial intelligence innovation,” said Mr. Vincent Liu-Wong, Finance Director at Blackridge Partners Ltd. “AI has emerged as a transformative force across industries, and we are committed to staying ahead of the curve by leveraging its abilities to drive strategic investments and produce significant benefits for our clients.”

The chosen AI advancements reflect the confluence of pioneering technologies such as machine learning, natural language processing, computer vision, and robotics. Blackridge Partners has pioneered applications in autonomous vehicles, predictive analytics, personalized medicine, and virtual assistants, driven by meticulous due diligence and expert research.

Blackridge Partners Ltd. has recognized 24 AI advancements, including:

Autonomous Delivery Systems.

Predictive Maintenance Solutions.

Fraud Detection Algorithms.

Smart Grid Optimization Systems.

Remote Assistance via Augmented Reality Apps.

This strategic investment project demonstrates Blackridge Partners Ltd.’s dedication to being at the forefront of technical innovation while providing outstanding value to its stakeholders. Using AI-driven insights, the company hopes to capitalize on emerging trends and gain key positions in high-growth areas.

Blackridge Partners Ltd. offers a wealth of experience and expertise. Our team consists of finance professionals with a top-tier mindset, specializing in providing sophisticated investment advice and services to individuals, corporate foundations, and financial institutions. For further information about Blackridge Partners Ltd. and its AI-driven investing ideas, don’t hesitate to get in touch with us using the information below:

Contact:

Austin Chun Yeung – Financial Assets Manager
Website: https://blackridgepartnersltd.com
Email: 385005@email4pr.com
+85258030909
Address: 2410 Fortis Bank Tower, 77-79 Gloucester Road, Wan Chai, HK

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SOURCE Blackridge Partners Ltd.

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