IBM and Almawave: Technology Agreement to Accelerate the Adoption of AI and Data Governance in Italian Enterprises

IBM (NYSE: IBM) and Almawave, an Italian company listed on the Euronext Growth Milan market (Ticker: AIW), part of the Almaviva Group and active in the Data & Artificial Intelligence sector, have announced a technology collaboration that has resulted in a Bring-Your-Own-Model integration between Velvet, the family of generative and multilingual AI models developed entirely in Italy by Almawave, and IBM watsonx, the IBM portfolio of AI products. The collaboration aims to accelerate the business adoption of AI allowing Italian enterprises deploy and utilize Velvet with watsonx through a validated BYOM support.

Valeria Sandei, CEO Almawave, highlights, “Velvet embodies the company’s vision: a multilingual, generative AI solution entirely designed in Italy, that addresses the specific needs and use cases of Italian organizations, particularly in the Public Sector. Through the collaboration with IBM, we will leverage the full power of our innovative solutions, bringing our technology into an enterprise-scale context that is secure and compliant. This is a significant step towards a sovereign, transparent, effective, and accessible AI.”

“With IBM’s watsonx portfolio of AI products, we are developing new collaboration and expanding relationships with technology leaders in AI, fostering innovation and unlocking the potential of AI and data for businesses worldwide”, affirmed Alessandro La Volpe, GM IBM Italy. “We’re very proud of our collaboration with Almawave, because together we will be able to support Italian businesses with an open and reliable innovation, capable of addressing modernization challenges with advanced and scalable solutions.”