IBM's new processor to detect fraud

TECH giant IBM on Tuesday unveiled details of the upcoming new IBM Telum Processor, designed to bring deep learning inference to enterprise workloads to help address fraud in real-time.

Telum is IBM's first processor that contains on-chip acceleration for AI inferencing while a transaction is taking place.

"The newly launched IBM Telum, Z Series chip is designed to cater to the volume, while enabling applications to run efficiently where their data resides. The chip will also allow businesses to capture insights and fight fraud in real-time," Ravi Jain, Director - Server Sales, India South Asia, said in a statement.

According to the company, the new chip design unlocks the ability to leverage deep learning inferencing on high-value transactions, designed to greatly improve the ability to intercept fraud, among other use cases.