IBM Releases Updated Time Series Model Under Commercial License

VERA Brief

AI-generated. Grounded in the article and its cited sources.

IBM has released an updated version of its Granite time series forecasting model, PatchTST-FM-r2. The model is now available under a commercial-friendly license to encourage wider use in AI applications for time series analysis and prediction.

Key facts

• IBM has released PatchTST-FM-r2, an updated time series forecasting model.
• The model is now available under a commercial-friendly license.
• This release aims to support the development and deployment of AI applications focused on time series analysis and prediction.
• The model's architecture is designed for robust performance in forecasting tasks.
• A commercial license is intended to lower barriers for businesses integrating forecasting capabilities.