IBM(US:IBM) Z Potentials·2025-06-03 03:56Core Insights - IBM has acquired Seek AI, an AI platform that allows users to query enterprise data using natural language, although the acquisition amount has not been disclosed [1] - The technology from Seek AI will become a core component of IBM's newly announced Watsonx AI Lab, aimed at accelerating AI development [1] - IBM's strategy to expand its investment in AI, particularly in enterprise-level applications, is showing positive results, as evidenced by its first-quarter earnings exceeding market expectations [1] Summary by Sections Acquisition Details - Seek AI, founded in 2021, has raised approximately $10 million from investors including Battery Ventures, Conviction Partners, and NJP Ventures before the acquisition [2] - Following the acquisition, Seek AI will relocate its headquarters to 1 Madison Avenue, the site of the Watsonx AI Lab and IBM's new office in New York City [2] Watsonx AI Lab - The Watsonx AI Lab is designed as a platform for top AI developers to access world-class engineering resources and create new businesses and applications [2] - The lab will serve as a collaborative center for IBM researchers and engineers to build AI solutions for enterprises and will seek partnerships with local universities and research institutions [2] - Successful startups that launch products through the accelerator will have the opportunity to receive support from IBM resources and potential investments from IBM Ventures and a $500 million corporate AI fund [2]