By Will Feuer

International Business Machines said it is launching a $500 million venture fund to invest in various artificial intelligence-focused companies.

The investments will target companies focused on generative AI applications for enterprises.

Earlier this year, IBM launched its Watsonx AI-and-data platform. The company has been rolling out new features, including code assist.

Write to Will Feuer at Will.Feuer@wsj.com

(END) Dow Jones Newswires

November 07, 2023 09:29 ET (14:29 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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