IBM and Government of Spain Join Forces for AI Advancements

International Business Machines Corporation IBM recently announced that it has inked a Memorandum of Understanding with the Government of Spain to accelerate AI innovations and bolster the national AI strategy. This partnership spans multiple facets of AI such as AI supercomputing, development and deployment of ethical and responsible generative AI features, as well as the creation of language AI models proficient in Spanish and co-official languages.

The recent advancements in generative AI have immense potential across multiple applications for governments and economies. With IBM's extensive expertise spanning the entire AI spectrum, from computational infrastructure to model development, the Spanish government is aiming to empower communities to harness the full potential of AI technologies.

This includes the development of a full-stack generative AI platform incorporating software based on open-source networks. Leveraging the assets created through this collaboration, the government seeks to cultivate an ecosystem of AI developers, positioning Spain as a global leader in AI innovation.

The development of LLMs (large language models) and SLMs (small language models) in Spanish and other regional languages will ensure the widespread use of AI across national, regional and local economies. The government intends to invest in human capital for upskilling and provide the necessary tools to support community-driven AI adoption. Small and medium-sized businesses and large organizations will gain from substantial productivity growth, cost efficiency and AI-driven innovations.

Ensuring responsible utilization of foundational models and associated generative AI platforms and supporting national and regional AI strategies through a collaborative approach, are major objectives of this initiative. Moreover, it will also foster transparency and deliver enhanced public services to citizens.

Advancing AI-driven methodologies for expediting the exploration and validation of new materials to enhance the sustainability of the semiconductor value chain is also a key agenda of the current collaboration.

Spanish is the second most spoken language in the world. Hence, the fruits of this joint venture will have a far-reaching impact on the world stage. The development of Spanish-based models will mitigate biases and provide competitive alternatives for the Spanish industry.

IBM is poised to benefit from strong demand for hybrid cloud and AI, driving growth in Software and Consulting. The company’s growth is expected to be driven primarily by analytics, cloud computing and security in the long haul. A combination of a better business mix, improving operating leverage through productivity gains, and increased investment in growth opportunities will likely drive profitability.

The stock has gained 44.7% in the past year compared with the industry's growth of 33.1%.

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IBM carries a Zacks Rank #2 (Buy) at present.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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