IBM recently launched a new "Lightweight Engine" service aimed at enterprise customers. This lightweight engine is seen as a potential breakthrough in the adoption of generative AI by small and medium-sized enterprises in emerging industries such as fintech. Unlike similar cloud services offered by companies such as Microsoft and Google, IBM's solution supports on-premises deployment and better meets the financial industry's data security and compliance requirements. JPMorgan Chase recently purchased enterprise-grade access to ChatGPT to serve its 60,000 employees. As companies need to deploy generative AI applications on-premises, IBM executives say they want a smaller and lighter platform. IBM's "lightweight engine" is designed to help software and enterprise developers deploy and run generative AI solutions efficiently while optimizing costs.