International Business Machines Corp (NYSE: IBM) disclosed partnership expansion with Microsoft Corp (NASDAQ: MSFT) to aid clients in accelerating the deployment of generative AI.
The companies jointly plan to offer clients the expertise and technology to innovate their business processes and expand generative AI effectively.
Along with the new offering, IBM and Microsoft have been deploying IBM Consulting skills and Azure OpenAI Service to develop potential solutions and address specific use cases.
The cases include procurement and source to pay, summarization and content generation, streamlining healthcare processes, and enterprise search and knowledge base.
As part of the new solution, enterprise clients can also access IBM Consulting experts, which includes 21,000 data, AI, and experienced consultants, who can aid in the efficient execution of generative AI models to boost business transformation.
"Businesses are looking for responsible ways to adopt and integrate multi-model generative AI solutions that augment the work their teams are doing in areas such as creative content and code creation, content summarization and search. Our work with Microsoft is another example of IBM's open ecosystem model designed to bring value to clients while helping them responsibly build and scale generative AI across their businesses," said Francesco Brenna, Global VP & Senior Partner, Microsoft Practice at IBM Consulting.
Last week, IBM completed its acquisition of Apptio Inc., which is expected to drive significant synergy across key growth areas, such as automation, Red Hat, IBM Consulting, and IBM's broader AI portfolio.
Last month, IBM issued earnings of $2.18 per share, ahead of the $2.01 Street estimate, on revenues of $15.47 billion, which missed the $15.57 billion consensus estimate.
Price Action: IBM shares are trading higher by 1.16% at $142.27 on the last check Thursday.