Zinger Key Points
- IBM launches a new Cloud MZR in Montreal to support AI growth.
- IBM's watsonx AI now available in Toronto to ensure compliance.
- Don’t miss this list of 10 overlooked stocks—including one paying a 9% dividend—before Wall Street catches on.
Tech major International Business Machines Corporation IBM has broadened its cloud offerings in Canada with new innovations tailored to help organizations expand their artificial intelligence capabilities and adhere to regulatory standards.
The company has inaugurated its newest Cloud Multizone Region (MZR) in Montreal, providing Canadian enterprises with advanced cloud solutions.
This expanded infrastructure is designed to assist clients in navigating regulatory changes while integrating AI within a secure and scalable cloud environment.
The newly launched MZR in Montreal is a key component of IBM’s broader North American growth strategy, enabling organizations to implement AI-powered solutions while adhering to stringent data privacy and residency regulations.
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In addition to the Montreal expansion, IBM reported the availability of watsonx AI suite on IBM Cloud at the Toronto MZR. This initiative grants Canadian enterprises access to scalable AI tools, ensuring the security and dependability essential for enterprise use.
“With our latest advancements in Canada, we are extending IBM’s enterprise cloud platform and sovereign cloud capabilities to Canadian organizations in these sectors, helping them to address their local regulatory requirements, keeping data secured and maintain it in country,” said GM for IBM Cloud Product & Industry Platforms, Rohit Badlaney.
The new IBM Cloud MZRs in Montreal and Toronto will facilitate businesses in tightly regulated industries, such as government and finance, to securely store and manage data within Canada to meet national privacy standards.
Organizations can utilize advanced generative AI models, including Llama-3-2-11b-vision-instruct and Granite-34b-code-instruct.
The MZRs facilitate an open hybrid cloud approach, allowing businesses to connect diverse IT environments while benefiting from open-source advancements.
Price Action: IBM shares traded lower by 0.74% at $248.14 at last check Thursday.
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