International Business Machines Corporation (NYSE:IBM) is one of the best information technology services stocks to buy now..
On February 24, International Business Machines Corporation (NYSE:IBM) announced that it has partnered with Deepgram, a firm that offers powerful enterprise voice solutions.
Through this collaboration, IBM will integrate Deepgram’s speech-to-text and text-to-speech technology into its Watsonx Orchestrate generative AI solution. Deepgram is IBM’s first voice partner, and through its APIs, it will offer IBM enterprise-grade, real-time transcription and captioning with accuracy.
IBM highlighted that this partnership will help them automate their operations and meet the rising demand for conversational AI technology. This will help users interact with digital agents across various dialects, including dozens of Arabic and Indian variants, as well as support regional accent recognition and natural-sounding voice.
Organizations are embracing AI-powered speech-to-text systems to automate real-time transcription. These technologies play a vital role in assisting customer care, support, call analysis, and voice-based data entry, especially in healthcare and finance sectors.
In other news, on February 25, IBM announced that it was awarded a $112 million contract from the Defense Commissary Agency. Under the five-year contract, IBM will modernize electronic shelf label systems across 177 U.S. commissaries and deploy new systems at 58 overseas stations in 12 countries.
Photo by Caspar Camille Rubin on Unsplash
In a recent story, we covered IBM as UBS upgraded the stock to Neutral. You can read more about it here.
International Business Machines Corporation (NYSE:IBM) offers integrated solutions and services globally. The company operates via four segments: Software, Consulting, Infrastructure, and Financing.
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