IBM Acquires AI Startup Seek And Launches $500M-Backed Watsonx AI Labs In NYC To Tackle Data Innovation With Agentic Intelligence - IBM (NYSE:IBM)
Briefly

IBM has acquired Seek AI, an AI startup focused on natural language data querying, to bolster its Watsonx AI Labs initiative. Located in Manhattan, the labs will use Seek AI's technology to create advanced applications that leverage conversational data while prioritizing responsible governance. Seek AI's tools allow users to interact with complex datasets using natural language, converting prompts into structured queries for better insights. IBM's strategic choice to base the lab in New York reflects the city's flourishing AI sector, which has seen significant startup growth and investment.
The acquisition of Seek AI will establish a critical foundation for IBM's Watsonx AI Labs, enhancing tools for natural language data querying within AI-driven applications.
Seek AI's technology enables users to interact with complex data via natural language prompts, simplifying data management and analysis for various applications.
IBM's new lab in Manhattan aims to drive the development of enterprise-ready AI applications specifically focused on cybersecurity and responsible governance.
New York City's emergence as a key player in AI innovation, with a significant increase in startups and workforce, influences IBM's strategic decisions.
Read at Benzinga
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