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IBM Launches Watsonx to Power Next-Generation AI Foundation Models for Businesses

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IBM has announced IBM watsonx, a new AI and data platform that will enable enterprises to scale and accelerate the impact of the most advanced AI with trusted data. Enterprises turning to AI today need access to a full technology stack that enables them to train, tune and deploy AI models, including foundation models and machine learning capabilities, across their organization with trusted data, speed, and governance – all in one place and to run across any cloud environment.

The company has also announced further planned advancements, including a GPU-as-a-service infrastructure offering designed to support AI-intensive workloads, an AI-powered dashboard to measure, track, manage, and help report on cloud carbon emissions, and a new practice for watsonx and generative AI from IBM Consulting that will support client deployment of AI.

With watsonx, IBM is offering an AI development studio with access to IBM-curated and trained foundation models and open-source models, access to a data store to enable the gathering and cleansing of training and tuning data, and a toolkit for the governance of AI into the hands of businesses that will provide a seamless end-to-end AI workflow that will make AI easier to adapt and scale.

“With the development of foundation models, AI for business is more powerful than ever,” said Arvind Krishna, IBM Chairman and CEO. “Foundation models make deploying AI significantly more scalable, affordable, and efficient. We built IBM watsonx for the needs of enterprises, so that clients can be more than just users, they can become AI advantaged. With IBM watsonx, clients can quickly train and deploy custom AI capabilities across their entire business, all while retaining full control of their data.” 

“With the launch of the African Continental Free Trade Area (AfCTA), African organizations are seizing the opportunities and are increasingly looking to be in multiple markets,” said Julia Carvalho, General Manager of IBM Africa Growth Markets.

“A scalable and trusted AI for business platform such as IBM watsonx can play a crucial role.  It can ensure that regional bodies and governments create central trade information portals and cross-border payment infrastructure to help increase trade for inclusive and sustainable development in the region.”

Clients will have access to the toolset, technology, infrastructure, and consulting expertise to build their own — or fine-tune and adapt available AI models — on their own data and deploy them at scale in a more trustworthy and open environment to drive business success. Competitive differentiation and unique business value will be able to be increasingly derived from how adaptable an AI model can be to an enterprise’s unique data and domain knowledge.

The IBM watsonx platform consists of three unique product sets to address these needs: 

IBM watsonx.ai: A next-generation enterprise studio, expected to be generally available in July 2023, for AI builders to train, test, tune, and deploy both traditional machine learning and new generative AI capabilities powered by foundation models through an open and intuitive user interface. 

  • The AI studio provides a range of foundation models, training and tuning tools, and cost-effective infrastructure that facilitate the entire data and AI lifecycle, from data preparation to model development, deployment, and monitoring.
  • The studio also includes a foundation model library that gives users easy access to IBM curated and trained foundation models. The IBM foundation models use a large, curated set of enterprise data backed by a robust filtering and cleansing process and auditable data lineage. These models are being trained not just on language but on a variety of modalities, including code, time-series data, tabular data, geospatial data, and IT events data. An initial set of foundation models will be made available in beta tech preview to select clients. Examples of model categories include:
    • fm.code: Models built to automatically generate code for developers through a natural-language interface to boost developer productivity and enable the automation of many IT tasks.
    • fm.NLP: A collection of large language models (LLMs) for specific or industry-specific domains that utilize curated data where bias can be mitigated more easily and can be quickly customized using client data.
    • fm.geospatial: Model built on climate and remote sensing data to help organizations understand and plan for changes in natural disaster patterns, biodiversity, land use, and other geophysical processes that could impact their businesses.
  • As part of a new collaboration between IBM and Hugging Face, the watsonx.ai studio will build upon Hugging Face’s open-source libraries and offer thousands of Hugging Face open models and datasets. This is part of IBM’s commitment to delivering to clients an open ecosystem approach that allows them to leverage the best models and architecture for their unique business needs.

IBM watsonx.data: A fit-for-purpose data store built on open lakehouse architecture that is optimized for governed data and AI workloads, supported by querying, governance, and open data formats to access and share data. The solution is expected to be generally available in July 2023 and:

  • The solution can manage workloads both on-premise and across multi-cloud environments.
  • Through workload optimization, with this solution, an organization can reduce data warehouse costs by up to 50 percent.1
  • Watsonx.data will allow users to access their increasingly robust data through a single point of entry while applying multiple fit-for-purpose query engines to uncover valuable insights.
  • It will also provide built-in governance tools, automation and integrations with an organization’s existing databases and tools to simplify set-up and user experience.

IBM watsonx.governance: An AI governance toolkit to enable trusted AI workflows. The solution, expected to be generally available later this year:

  • Operationalizes governance to help mitigate the risk, time and cost associated with manual processes and provides the documentation necessary to drive transparent and explainable outcomes.
  • Provides the mechanisms to protect customer privacy, proactively detect model bias and drift, and help organizations meet their ethics standards.

With the watsonx platform, clients are enabled to meet the needs of their organization in five key areas of their business: interacting and conversing with customers and employees; automating business workflows and internal processes; automating IT processes; protecting against threats; and tackling sustainability goals.

IBM also plans to infuse watsonx.ai foundation models throughout all its major software products going forward, for example: 

  • Watson Code Assistant: A solution, expected later this year, that taps generative AI to allow developers to generate code with a straightforward English language command.
  • AIOps Insights: AI Operations (AIOps) capabilities enhanced with foundation models expected for code and NLP to provide greater visibility into performance across IT environments, helping IT operations (ITOps) managers and Site Reliability Engineers (SREs) resolve incidents in a more expedient and cost-efficient way.
  • Watson Assistant and Watson Orchestrate: IBM’s digital labor products are expected to be combined with an NLP foundation model to enable enhanced employee productivity and customer service experiences.
  • Environmental Intelligence Suite: IBM EIS Builder Edition is planned to be enabled by the geospatial foundation model and available in preview later this year, allowing organizations to create tailored solutions that address and mitigate environmental risks based on their unique goals and needs.

Additionally, IBM has announced several additional offerings to help drive AI adoption, including: 

  • New GPU offering on IBM Cloud: Addressing the global need for foundation models, IBM is announcing new GPU offerings on IBM Cloud, an AI-tailored infrastructure designed to support enterprise compute-intensive workloads. Later this year, IBM is expected to offer full stack high-performance, flexible, AI-optimized infrastructure, delivered as a service on IBM Cloud, for both training and serving foundation models.
  • IBM Consulting Center of Excellence for Generative AI: IBM Consulting announces a Center of Excellence for generative AI with over 1,000 generative AI experts and plans to build a watsonx-focused practice which will actively build and deploy watsonx for clients. IBM Consulting has completed dozens of client engagements infusing generative AI with IBM Watson and a portfolio of ecosystem partners through its proven IBM Garage method.
  • IBM Cloud Carbon Calculator: An AI-informed dashboard to enable clients to measure, track, manage and help report their carbon emissions associated with their hybrid multi-cloud journey. Based on technology from IBM Research, IBM Cloud Carbon Calculator is expected to be generally available later this year. The dashboard complements IBM’s existing sustainability solutions with a comprehensive portfolio of technology and expertise, including the IBM Envizi ESG Suite, IBM Turbonomic, IBM Planning Analytics and IBM LinuxONE, that help organizations accelerate their sustainability and business objectives.
  • New study revealing generative AI is among seven trends shaping business: A new report from the IBM Institute for Business Value, titled Seven Bets, shares seven trends impacting business today and describes the seven bets worth making to enhance their business, including insights on why businesses should adopt an “AI-first” mindset and how leaders can most effectively capitalize on AI’s opportunities now and in the future, as well as manage the enhanced risks across their organizations.

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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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Baobab Partners with NYSC to Promote Financial Literacy Amongst Corp Members

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Jollof+, a product of Baobab Nigeria, one of the finest leading financial services dedicated to supporting the financially excluded and unbanked communities in Nigeria has partnered with the National Youth Service Corps (NYSC) to promote financial literacy and increase awareness of its financial services among corps members nationwide.

This initiative, implemented in NYSC camps in Lagos, Sagamu, Abuja, Keffi, and Uyo seeks to educate young Nigerians on the importance of saving and financial literacy.

Through this partnership, Jollof+ sponsored Mr Macho and Miss NYSC events at Ogun state camp, where winners were awarded amazing items and also provided with valuable insights into how they can use the Jollof+ app to save smarter and manage their money more effectively.

Commenting on the partnership, Joy Micheal-Oti, Business Development Manager, Baobab Nigeria, said: “We believe that financial literacy is the key to financial independence, and it is something every young Nigerian should know.

“Our partnership with NYSC is our way of investing in the future of Nigeria by helping corps members understand how to save, invest, and secure their financial future with Jollof+. These are the leaders of tomorrow, and we want to ensure they are well-prepared for the future ahead of them.

In addition to promoting financial literacy, the partnership also aims to build brand awareness for Jollof+, a fast-growing digital savings platform designed to simplify how Nigerians manage their money. Corps members were introduced to the key features of Jollof+, including its high-interest savings options like Jolloflock, Ajo+, and Babybox, which are designed to cater to various savings goals.

On their part, the State Coordinator NYSC Ogun State, Mrs Nasamu Olayinka Diana said, “We are excited about the partnership with Jollof+ as it aligns with our youth development initiative, where we equip corp members for the future ahead.

When you invest in the youths, you have not wasted anything, they are indeed the best place to invest in. Thank you Jollof+ for this partnership, it will indeed have a great impact on our corp members.

With Nigeria facing rising inflation and economic uncertainty, financial literacy has never been more important. Young Nigerians, particularly corps members, are entering the workforce and facing financial challenges that require them to be financially savvy.

Jollof+ plans to continue expanding its reach to more NYSC camps across the country in the coming months, ensuring that even more young Nigerians are introduced to Jollof+ and the importance of financial literacy


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d.light Named as a Finalist for Prince William’s 2024 Earthshot Prize

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d.light, the global provider of transformational household solar products and affordable finance for low-income households, was today announced as an Earthshot Prize Finalist at the third-annual Earthshot Innovation Summit.

Founded by Prince William in 2020, The Earthshot Prize is the world’s most prestigious environmental prize designed to discover, spotlight and scale the groundbreaking solutions we need to repair and regenerate our planet.

The five eventual winners will be crowned at The Earthshot Prize Awards Ceremony in Cape Town, South Africa in early November, with each receiving £1 million in prize money to support efforts to expand the reach of their transformational products and services. This year’s shortlist was selected from a pool of close to 2,500 organisations across 139 countries.

d.light is named alongside an inspiring group of global innovators, entrepreneurs, community leaders and advocates pioneering solutions to our most pressing climate and environmental challenges.

Finalists also earn a place on the Earthshot Fellowship Programme, receiving dedicated mentorship, resources, and technical support, including access to The Prize’s Global Alliance of Partners, a robust network of the world’s largest businesses, donors, investors and environmental organisations committed to climate action.

Commenting on the news, d.light CEO Nedjip Tozun said: “We’re truly honoured to be named as a finalist for such a prestigious award, and recognition from the Earthshot Prize committee is a reflection of d.light’s efforts to support underserved communities by providing access to safe, affordable off-grid solar solutions.

“2024 has been a landmark year so far for d.light and it’s exciting to see that our impact has extended beyond the solar industry to the wider sustainability community.

“Pivotal moments have included raising USD$176 million in securitized financing in Kenya, Uganda and Tanzania, launching our customer loyalty programme and installing solar in over 1.7 million off-grid households across Africa.

“d.light is the first company in the off-grid energy sector to be nominated for the Earthshot Prize, outlining our credentials as a pioneer in this space.

Since the company was founded in 2007, we’ve developed unique and innovative ways to manufacture, distribute and finance solar projects in the developing world, allowing us to transform the lives of over 175 million people in the process.

“To be named as a finalist helps us amplify our core message that so many still live without access to a safe source of electricity, while supporting our efforts to spearhead the rollout of reliable solar solutions,” Tozun concluded.

“With this milestone, d.light moves one step closer to achieving our wider aim of transforming the lives of one billion people by 2030 by giving them access to safe, clean, affordable renewable energy.”


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Report Finds 30% More Young Gamers Targeted by Cybercriminals in H1 2024 vs. H2 2023

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The number of unique users targeted by cybercriminals using popular children’s games as a lure surged by 30% in the first six months of 2024 compared to H2 2023, according to Kaspersky experts.

 

Researchers analysed gaming risks for young players and discovered that more than 132,000 users had been targeted by cybercriminals. More details can be found in the latest Kaspersky report on cybercrimes targeting young gamers.

The most exploited children’s games

Kaspersky looked into the threats disguised as popular kids’ video games and analysed the period from July 1, 2023, to June 30, 2024.

Throughout the reported period, Kaspersky security solutions detected more than 6.6 million attempted attacks, where cybercriminals used the brands of the kids’ games as a lure.

Out of the 18 games chosen for this research, the majority of attacks were related to Minecraft, Roblox, and Among Us. According to Kaspersky’s statistics, more than 3 million attempted attacks under the guise of Minecraft were launched throughout the reported period.

Most likely, cybercriminals chose this method of attack based on the popularity of games among players, as well as the ability of gamers to use cheats and mods. Since the majority of mods and cheats are distributed on third-party websites, attackers disguise malware by posing as these applications.

Kaspersky experts believe that the higher success rates detected in 2024 can be explained by the trends observed in the recent developments of the general cyberthreat landscape.

On the one hand, following popular trends, cybercriminals launch more cunning attacks, exploiting the current agenda and crafting less obvious schemes, instead of using generic attacks.

On the other hand, cybercriminals are increasingly using AI to automate and personalise phishing attacks that are more likely to deceive young gamers. At the same time, new advanced phishing kits — pre-made templates of phishing pages — created with automated tools consistently appear on the dark web, allowing an increasing number of attackers to deploy highly effective phishing sites that mimic popular gaming platforms.

Scams on children’s favourite games

One of the most common scams in gaming is the offer to receive new skins for your character — essentially clothing or armor — that enhance the hero’s skills. Some skins are common, while others are extremely rare and, therefore, more desirable.

Kaspersky experts have found an example of a scam that uses both the name of popular game Valorant and that of the world-famous YouTuber Mr. Beast. By selecting this blogger and using his photo, the fraudsters aim to capture children’s attention and hook them into their fraudulent scam.

To receive the desired Mr. Beast skin, young users are asked to enter their login and password for their gaming account, enabling their credentials to be potentially stolen by scammers as a result.

Another popular trap is the offer of receiving in-game currency. In one of the discovered scams exploiting the Pokémon GO brand, users are asked to enter the username for their gaming account. Next, they’re asked to take a survey to prove they’re not a bot.

Once the survey is complete, they are redirected to a fake website, usually one promising free prizes or giveaways. This is where the real scam kicks in.

The scammers aren’t actually after personal data like credit card details; they’re using the guise of gaming to lure users into another hoax — one involving fake downloads, prize claims, or other deceptive offers.

The whole process is a clever way to redirect users to a different, more dangerous scam under the pretense of a legitimate verification step.

“Throughout our research, we see attacks on children are becoming a common vector of cybercriminals’ activities. That’s why cyber hygiene education and the use of trusted cybersecurity solutions are a ’must-have’ in building children’s safety in the online environment.

By fostering their critical thinking, responsible online behaviour, and a strong understanding of the risks, we can create a safer and more positive online experience for this generation of digital natives,” comments Vasily Kolesnikov, security expert at Kaspersky.

 


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