IBM said Tuesday it's selling its weather unit, including The Weather Channel mobile app and websites, Weather.com, Weather Underground and Storm Radar.
IBM will sell The Weather Company and its assets to Francisco Partners, a tech-focused private equity firm, for an undisclosed sum.
As part of the deal, IBM will retain access to the company's weather data, which it uses to power some of the artificial intelligence models it sells to enterprise clients.
One of those bets is Watsonx, the enterprise AI development tool IBM announced in May that's slated to debut in the third quarter.
The platform includes a feature for AI-generated code, an AI governance toolkit, and a library of thousands of large-scale AI models, trained on language, geospatial data, IT events and The Weather Company's weather data, which IBM will continue to use.
Persons:
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Organizations:
IBM, The Weather Channel, Storm Radar, Weather Company, Francisco Partners