News

Elon Musk’s xAI to Reportedly Raise Additional Funds on USD 40B

  Insights Desk    Oct 30, 2024

Highlights: The business claims that Musk’s goal of developing useful, human-aligned intelligence is what motivates it to work toward developing a secure, reliable AGI. Five months after rai...

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OpenAI Joins Forces with Broadcom and TSMC to Build New AI Chips

  Insights Desk    Oct 30, 2024

Highlights: To optimize algorithms utilizing large datasets, OpenAI now depends largely on Nvidia’s GPUs for model training, a process that demands enormous computational capacity. Custom ch...

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Meta is Planning to Incorporate Custom Search Engine into Chatbot

  Insights Desk    Oct 29, 2024

Highlights: Llama, a collection of large language models that Meta began creating early last year, powers the chatbot. Meta AI uses technologies from Microsoft Corp. and Google LLC to retrieve...

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Sierra Technologies Raises USD 175 M at USD 4.5 B Valuation

  Insights Desk    Oct 29, 2024

Highlights: The startup's technology is based on a conversational AI model that enables it to interact with customers through natural language conversations. In addition to its agentic AI capa...

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Informatica’s Blueprints for Building Generative AI Apps

  Insights Desk    Oct 25, 2024

Highlights: The company believes its platform can play a similar role in supporting generative AI applications that require large volumes of corporate data. The company believes its platform c...

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Perplexity AI is Discussing Funding with Investors over USD 500 M

  Insights Desk    Oct 21, 2024

Highlights: The discussions follow the AI industry leader OpenAI’s most recent investment round, which saw it raise USD 6.6 billion at a USD 157 billion valuation. Perplexity has also stat...

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IBM Launches New Granite Models Under ‘Permissive’ Apache ...

  Insights Desk    Oct 21, 2024

Highlights: The company is also introducing a new generation of its watsonx Code Assistant for application development and modernization. IBM stated that the new Granite models are intended to...

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Simplismart Secures USD 7 M to Empower Enterprises with AI Model

  Insights Desk    Oct 21, 2024

Highlights: Simplismart's inference engine offers enterprises a standardized language for building generative AI applications. Simplismart's declarative language, akin to Terraform, assists so...

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Google Aims to Lead AI Adoption in the Public Sector

  Insights Desk    Oct 17, 2024

Highlights: Google Distributed Cloud allows customers to deploy the Google Cloud software stack on their own data center servers and operate it locally. Gemini in GDC will launch on Google Pub...

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Omnea Secures USD 25 M to Enhance Procurement Efficiency Using AI

  Insights Desk    Oct 15, 2024

Highlights: Omnea provides an artificial intelligence platform designed to assist enterprises in procuring software and other services from their suppliers more efficiently. Omnea states that ...

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