IBM Research has released Granite Time Series PatchTST-FM-r2, a model designed for time-series forecasting. The model is described as state-of-the-art, meaning it performs at the leading edge of current technology. It is available under a licence that is friendly to commercial use, allowing businesses to integrate the model into their products without the restrictions often found in open-source licences.

The model is built on the PatchTST-FM architecture, a method that breaks time-series data into patches to improve forecasting accuracy. This approach is designed to handle complex patterns in data over time. The commercial-friendly licence is intended to make the model more accessible to companies that want to use it in production environments.