Shares of International Business Machines Corporation (IBM) are climbing about 5 percent on Tuesday morning trading over its collaboration with Deepgram, integrating the company's watsonx Orchestrate generative AI solution with Deepgram's speech-to-text and text-to-speech capabilities.
The company's stock is currently trading at $235.18, up 5.30 percent or $11.93, over the previous close of $223.35 on the New York Stock Exchange. It has traded between $214.50 and $324.90 in the past one year.
The integration would offer a wider range of languages and dialects, including dozens of Arabic and Indian variants, along with voices that reflect regional accents. Additionally, it would offer options for custom tuning, real-time captioning and natural-sounding speech.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.