Pecan AI, an eight-year-old startup, has been a prominent player in the predictive analytics domain for enterprises. Having raised a significant $116 million in funding since its inception, including a notable $66 million round in February 2022, the company has made a name for itself in the industry. The startup’s…Continue Reading
Spot Technologies, a pioneering startup based in El Salvador and specializing in artificial intelligence, recently announced a significant milestone in its journey, securing $2 million in funding. This impressive feat is set to propel the company’s ambitious projects in developing state-of-the-art cloud technology. The company, which maintains operational activities in…Continue Reading
Via Scientific, a pioneering informatics startup, announced on Tuesday a significant milestone in its journey, having successfully raised a substantial amount of $5 million in seed funding. This impressive financial injection marks a pivotal moment for the company, bolstering its position in the competitive field of bioinformatics. The funding round…Continue Reading
Intel has officially introduced its new range of processors for various computing devices, marking what they call the “age of the AI PC.” This announcement was made at CES 2024. The centerpiece of Intel’s unveiling is the Intel Core 14th Gen processor family, which is complemented by the Intel Core…Continue Reading
Siemens and Microsoft have formed a partnership to promote the adoption of artificial intelligence across various industries. This collaboration was officially announced during the opening keynote speech by Roland Busch, CEO of Siemens, at CES 2024. They introduced the Siemens Industrial Copilot, a generative AI-powered assistant designed to enhance collaboration…Continue Reading
In recent years, the field of robotics has been keenly focused on warehouse and fulfillment solutions, which surged in demand during the pandemic as online shopping became essential. Amazon has been a pioneer for over a decade with its in-house systems, and companies such as Locus, 6 River Systems, and…Continue Reading
APIs are crucial in today’s internet-driven world, enabling connectivity across websites, mobile apps, and IoT devices globally. The API economy, expected to reach $14.2 trillion by 2027, has drawn significant regulatory attention. Standards are set by bodies like IEEE and W3C, while security and privacy are governed by regulations like…Continue Reading
Microsoft recently announced a series of smaller, specialized artificial intelligence (AI) models named Phi, aimed at addressing more specific applications. The first, Phi-1, and its successor, Phi-1.5, are smaller language models (SLMs) with significantly fewer parameters compared to their predecessors like GPT-3 and GPT-4. Phi-2, the latest release, boasts 2.7…Continue Reading
Sam Altman, CEO of OpenAI, initially underestimated the impact of ChatGPT, a chatbot they considered not releasing publicly. However, its November 2022 launch marked a pivotal moment in generative AI, leading to significant investments and new products in 2023. Generative AI has penetrated various sectors, including finance and biomedical research….Continue Reading
Enterprises are increasingly reliant on Software as a Service (SaaS) applications, with some of the largest organizations using up to 371 different apps, marking a 32% rise since 2021. However, this proliferation has led to fragmented application use across departments, often without comprehensive oversight or understanding of usage patterns. This…Continue Reading