In the ever-evolving landscape of technology, Artificial Intelligence (AI) stands out as a revolutionary force, particularly in the realm of financial forecasting. AI refers to the simulation of human intelligence in machines that are programmed to think and learn. Its relevance in financial forecasting cannot be overstated; AI algorithms can analyze vast amounts of data,…
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Altimetrik hires Adam Caplan as President of Digital Business and AI
Altimetrik, a pure-play digital business services company, has announced the appointment of Adam Caplan as President of Digital Business and AI. Caplan will report to CEO Raj Sundaresan and lead the company’s digital and AI initiatives across various industries. Caplan is a veteran in enterprise technology adoption, having served as the Senior Vice President of…
Entrada receives strategic investment from Databricks Ventures
Entrada, a leading Databricks consulting and implementation services firm, has secured a strategic investment from Databricks Ventures, the investment arm of the Data and AI company. The investment will help Entrada scale its next leg of growth and deliver industry-focused AI + data solutions to its customers. Entrada’s CEO, Trey Roldan, said that the investment…
How Gen AI is Changing the Game for Business Transformation
Gen AI, or Generation AI, is the term used to describe the wave of artificial intelligence (AI) applications that are becoming accessible and affordable for businesses of all sizes and sectors. Gen AI is not just a buzzword, but a powerful force that can democratize AI and flatten decision-making structures. In this blog post, we…
Samsung unveils new memory chip for AI applications
Samsung Electronics, the world’s largest memory chip maker, has announced the development of a new high-bandwidth memory (HBM) chip that boasts the highest capacity and performance in the industry. The new chip, dubbed HBM3E 12H, is designed to meet the growing demand for high-capacity memory from AI service providers, who use generative AI models such…
Lenovo Unveils AI-Driven Innovation and Sustainability at MWC 2024
Lenovo, the global leader in smart devices and solutions, showcased its latest hardware and software solutions at MWC 2024, highlighting its focus on AI-driven innovation and commitment to a more sustainable future. These include: Lenovo also announced its dedication to the circular economy by innovating in the supply chain, product design, and services and focusing…
NTT DATA and Schneider Electric launch edge computing solution with Private 5G and AI
NTT DATA, a global leader in IT infrastructure and services, and Schneider Electric, a pioneer in digital transformation for energy management and automation, have announced a strategic partnership to deliver a unique edge computing solution that integrates Edge, Private 5G, IoT, and Modular Data Centers. The solution, which combines NTT DATA’s Edge as a Service…
Orkes raises $20M to scale distributed systems with AI
Orkes, a company that provides a fast and easy way to scale distributed systems, has secured $20 million in a funding round led by Nexus Venture Partners. The company, which launched in 2022 and raised $9.3 million in its previous round, has grown rapidly by offering a suite of industry-first AI tools and winning big…
Intel and Cadence join forces to boost AI, HPC and mobile computing
Intel Foundry Services (IFS) and Cadence Design Systems, Inc. have announced a multiyear strategic agreement to jointly develop a portfolio of key customized IP, optimized design flows and techniques for Intel 18A technology, which features advanced transistors and power delivery methods. The partnership aims to help customers accelerate their system-on-chip (SoC) projects and achieve optimal…
Lenovo partners Anaconda to boost AI development & deployment
Lenovo and Anaconda, the leading provider of the world’s most popular AI, machine learning, and data science platform, announced a strategic partnership to power Lenovo’s high-performance data science workstations. The partnership will combine Lenovo’s trusted ThinkStation and ThinkPad workstation product portfolio with Anaconda’s enterprise strengths for open-source leadership, security, and reliability. “As artificial intelligence and…
Armis agrees to acquire AI threat hunting company CTCI
Armis, the asset intelligence cybersecurity company, has acquired CTCI (Cyber Threat Cognitive Intelligence), a privately held company that specializes in AI-powered pre-attack threat hunting technology. The deal, which closed this week, will enable Armis to integrate CTCI’s technology into its Armis Centrix™ platform, creating the most advanced early warning cyber intelligence system in the world.…
How to Boost Your Creativity and Innovation with AI in 2024: Top 5 Data-Driven Strategies
The landscape of creativity is undergoing a seismic shift. No longer just the domain of the lone genius, the creative process is increasingly becoming a collaborative effort fueled by artificial intelligence (AI). This isn’t science fiction; it’s happening right now, and businesses stand to gain a significant edge by embracing it. Creativity is not a…