IBM Acquires Seek AI

IBM has acquired Seek AI, a startup specialising in AI-powered data analysis. Seek AI's platform enables users to query enterprise data using natural language, simplifying data access and insights. The financial terms of the deal were not disclosed. This acquisition strengthens IBM's AI capabilities, particularly in data accessibility and usability for enterprise clients. IBM plans to integrate Seek AI's technology into its existing data and AI product offerings, enhancing its ability to provide comprehensive AI solutions.

Alongside the acquisition, IBM has announced the opening of an AI accelerator in New York City. This initiative aims to foster AI innovation and development, providing resources and expertise to startups and researchers in the field. The accelerator will focus on advancing AI technologies and promoting collaboration within the AI community. IBM's dual investment in both acquisition and infrastructure underscores its commitment to leading in the rapidly evolving AI landscape.

These strategic moves signal IBM's dedication to expanding its footprint in the AI market, enhancing its product suite, and fostering innovation through strategic acquisitions and community support.