IBM Introduces Granite 3.0: High Performing AI Models Built for Business - Oct 21, 2024
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.
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).
