On June 2, International Business Machines Corporation (NYSE:IBM) announced that it has acquired Seek AI for an undisclosed sum. Seek AI is a New York City-based startup that specializes in an AI platform that allows users to query enterprise data using natural language. It effectively translates questions into database queries for analysis and summarization.
A closeup of a woman’s hands typing rapidly on a laptop in a corporate office setting.
Seek AI’s technology will be a cornerstone of Watsonx AI Labs, which is IBM’s newly launched AI accelerator located at IBM’s new Manhattan offices at One Madison. Sarah Nagy, Seek AI’s CEO and founder, stated that this integration will enable the startup to scale its platform, deploy mission-critical solutions for IBM clients, empower the next generation of AI developers, and grow its team.
Watsonx AI Labs is envisioned as a developer-first innovation hub that will bring together IBM researchers and engineers in a collaborative environment to build breakthrough AI applications for businesses. The lab will foster co-creation with startups, scale-ups, and large enterprises to unlock real-world value from AI. Startups launching products at the accelerator will gain access to IBM resources and potential investment from IBM Ventures, which is the company’s corporate venture capital arm, and its global $500 million Enterprise AI Venture Fund.
International Business Machines Corporation provides integrated solutions and services through four segments: Software, Consulting, Infrastructure, and Financing.
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This article is originally published at Insider Monkey.
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