In a landmark development, Mistral AI, in collaboration with NVIDIA, has introduced the Mistral NeMo 12B, a state-of-the-art language model designed to transform enterprise AI applications. This new model caters to a range of functions from chatbots and multilingual tasks to coding and summarization, setting a new benchmark in the AI sector. High Performance Meets […]
ScienceLogic, a pioneer in automated IT operations, has launched Skylar AI, an advanced AI suite designed to transform IT management through generative AI, unsupervised machine learning, and sophisticated human-in-the-loop automation models. Positioned at the forefront of IT innovation, Skylar AI is set to redefine IT operations by enhancing efficiency, predicting issues before they arise, and […]
Bloomberg Tax & Accounting has announced significant enhancements to its Bloomberg Tax Workpapers platform, introducing an innovative AI formula generator and expanding integrations with its Fixed Assets and Tax Provision solutions. This development is part of Bloomberg Tax & Accounting’s ongoing commitment to integrating and optimizing corporate tax workflows through its comprehensive suite of solutions, […]
In a groundbreaking announcement, OpenAI has introduced its latest innovation—GPT-4o Mini—a model engineered to make artificial intelligence more affordable than ever. Positioned at just 15 cents per million input tokens and 60 cents per million output tokens, this model is reshaping the cost dynamics of AI technologies, making it over 60% cheaper than its predecessor, […]
Slope, a leading B2B payments platform, has successfully closed an additional funding round of $65 million, bringing its total investment to $252 million, comprising $77 million in equity and $175 million in debt. This latest round saw participation from key players including J.P. Morgan Payments, Y Combinator, and the new fund, Saga, founded by Jack […]
Salesforce has unveiled its latest breakthrough in customer service technology: the Einstein Service Agent. Priced significantly for its market debut, the Einstein Service Agent sets a new standard in AI-driven customer support by rendering traditional chatbots nearly obsolete. Unlike conventional chatbots limited to pre-programmed responses, Einstein Service Agent leverages advanced generative AI to interact with […]
SMART Global Holdings, Inc. (NASDAQ: SGH), a premier designer and developer of enterprise solutions, has announced a significant $200 million preferred equity investment from SK Telecom (NYSE: SKM), part of the SK Group. This investment aims to bolster SGH’s financial position and enhance its innovative Penguin Solutions branded end-to-end AI factory offerings. The collaboration between […]
Chrysalis Investments Limited (Chrysalis) has confirmed the sale of its stake in Graphcore to SoftBank Group Corp., a strategic move that significantly boosts its liquidity and underscores the value of its investment decisions. Chrysalis’s disposal of Graphcore, which was flagged as a “likely disposal” back in December 2023, has culminated successfully with expected cash proceeds […]
Amazon Web Services, Inc. (AWS), a subsidiary of Amazon.com, Inc. (NASDAQ:AMZN), unveiled the AWS GenAI Lofts, an international initiative aimed at fostering innovation within the generative artificial intelligence (AI) sector. The program will facilitate pop-up collaborative spaces in key AI hotspots worldwide, providing a dynamic platform for developers, startups, and AI aficionados to engage and […]
AMD (NASDAQ: AMD) has reached a definitive agreement to acquire Silo AI, the largest private artificial intelligence laboratory in Europe, for approximately $665 million in an all-cash transaction. This strategic move is aimed at bolstering AMD’s end-to-end AI solutions and enhancing its collaboration within the global AI ecosystem. The acquisition is part of AMD’s broader […]