<h1>IBM Expands AI Capabilities with Seek AI Acquisition and Launch of Watsonx AI Labs</h1>
<p>IBM has announced the acquisition of Seek AI, a promising startup known for its ability to enable natural language querying of enterprise data. The acquisition is strategically aligned with IBM’s establishment of Watsonx AI Labs in New York City, a new accelerator dedicated to advancing AI development. This move highlights IBM’s commitment to enhancing its suite of AI solutions and facilitating innovation within the industry.</p>
<p>Seek AI, founded in 2021, focuses on conversational interfaces that simplify the process of querying business data. By automatically transforming user questions into database operations, Seek AI’s technology promises to streamline how businesses access and utilize their data. Despite the undisclosed acquisition amount, sources indicate a purchase price of around $11.7 million. The startup had previously raised $10 million in funding before its acquisition and will soon relocate to IBM’s Manhattan offices.</p>
<p>The Watsonx AI Labs will serve as a collaborative hub, providing support to AI developers and startups through IBM’s extensive resources and potential investment opportunities. This initiative aims to connect IBM engineers, researchers, and startups in developing AI agents capable of automating task sequences across business applications. Furthermore, it underscores IBM’s transition from its previous Watson Health endeavor to fortifying the watsonx platform, which has been instrumental in driving the company’s software growth.</p>
<p>Overall, IBM’s strategic acquisition of Seek AI and the launch of Watsonx AI Labs signify a robust pivot towards harnessing AI to empower enterprise solutions, fostering a vibrant ecosystem for innovation and development in AI.</p>


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IBM acquired Seek AI, a startup specializing in natural language querying of enterprise data, for approximately $11.7 million. The company also launched Watsonx AI Labs in New York City as an accelerator hub to support AI developers and startups. Seek AI's technology automatically converts user questions into database operations, simplifying business data access through conversational interfaces. The initiative represents IBM's strategic shift to strengthen its watsonx platform and foster AI innovation in enterprise solutions.