Home/Events/IBM releases SOTA Granite Time Series PatchTST-FM-r2 model with commercial-friendly license

IBM releases SOTA Granite Time Series PatchTST-FM-r2 model with commercial-friendly license

Confirmed

Confidence

90%

Impact: 80%

Updated 1h ago

Consensus Brief

IBM has launched the Granite Time Series PatchTST-FM-r2 model, which features high-performance zero-shot forecasting capabilities and is licensed under Apache 2.0 and OpenMDW 1.0. The model, with approximately 385 million parameters, ranks second overall on the GIFT-Eval leaderboard for replicable zero-shot models as of September 8, 2026.

Sourced from

Hugging FaceT1

Primary: Hugging Face

What Changed Since Last Update

1h ago

PatchTST-FM-r2 introduces an updated architecture with conformer layers that enhance the model's ability to capture long- and short-term temporal relationships compared to its predecessor, PatchTST-FM-r1.

Claim Ledger

4 claims tracked across sources

Confirmed Fact

PatchTST-FM-r2 is the top performing zero-shot model released under a permissive, commercial-friendly open-source license.

Confirmed Fact

The model ranks #2 overall among replicable, zero-shot models on the GIFT-Eval leaderboard.

Confirmed Fact

PatchTST-FM-r2 achieves a geometric-mean CRPS of 0.467 and a geometric-mean MASE of 0.6846.

Confirmed Fact

The model weights, architecture, inference pipeline, and code needed to reproduce the benchmark results are all available.

Role-Based Impact Analysis

Source Timeline

1 source corroborating

IBM releases SOTA Granite Time Series PatchTST-FM-r2 model with commercial-friendly license

Hugging Face·1h ago