Solutions Review Editor-in-Chief Tim King has compiled a list of notable artificial intelligence news for the week of July 12, 2024.
Staying up to date on all the most relevant artificial intelligence news can be a time-consuming task, which is why our editorial team aims to provide you with a summary of the top news in the space from the last week. Solution Review editors curate vendor product news, mergers and acquisitions, venture capital funding, talent acquisition, and other noteworthy artificial intelligence news items.
Artificial Intelligence News for the week of July 122024
Alluxio Updates its Enterprise AI Platform
Version 3.2 introduces the platform's ability to universally leverage GPU resources, improved I/O performance, and competitive end-to-end performance with HPC storage. It also introduces a new Python interface and advanced cache management capabilities. These advancements enable organizations to get the most out of their AI infrastructure, ensuring the best performance, cost-efficiency, flexibility, and manageability.
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Arize AI Releases New AI Copilot
This update makes Arize a powerful tool for both experimentation and production observability: Leveraging Arize, AI engineers can make adjustments (e.g., edit prompt templates, swap out the LLM being used) and see if there are any performance regressions or other impacts (e.g., latency, acquisition, hallucinations) across test datasets before safely deploying the changes to production.
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CodiumAI Releases New GenAI Enterprise Coding Platform
Codium's enterprise platform empowers businesses to confidently adopt AI-generated code through organization-specific code suggestions, testing, and reviews. Just 16 months after going incognito, CodiumAI's solutions are already in use by over 10 million businesses. 600,000 Developer.
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Dataiku finds major obstacles to using GenAI in production
Dataiku surveyed 200 senior analytics and IT leaders from large enterprises around the world in April 2024 about the potential for Generative AI implementation. Most respondents agreed that the proliferation of disconnected tools, lack of technology choice and outdated processes will exacerbate current challenges such as data quality, governance and risk management.
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Deloitte launches new AI and data accelerator program with AWS
The Innovation Lab will enable Deloitte and AWS engineers to collaborate on building industry-specific solutions across financial services, government and public sector, life sciences and healthcare, media and communications, consumer, and energy, resources and industrial.
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Egnyte Releases GenAI Copilot for Knowledge Work
Egnyte Copilot streamlines content management by surfacing insights, summarizing documents, creating new content, transcribing multimedia, and more, all within Egnyte's robust content governance framework. As part of this release, Egnyte end users can now designate specific groups of files as “knowledge bases” to provide centralized AI answers, and configure each base with a library of domain-specific prompts to guide the AI responses.
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Elasticsearch announces support for AI models hosted on Amazon Bedrock
Developers using models hosted on Elasticsearch and Amazon Bedrock can now save and use embeddings or use their own data to refine searches and base answers on top of them. Amazon Bedrock models are also available in the low-code playground experience, giving developers more options when A/B testing LLMs.
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Hevia raises $130 million in Series B funding
Founded in 2020 and based in New York, Hevia is looking to reinvent the way people work, building an AI-powered platform that allows users to mine insights and information from AI agents relevant to their workflows. Hevia also announced a 15x increase in revenue over the past 18 months.
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HerculesAI secures $26 million in venture capital funding
HerculesAI, formally known as Zero Cognitive Systems Inc., sells five AI applications, each optimized for a different set of tasks, three of which are focused on reducing the amount of manual work required to organize and analyze business documents. The company also offers two tools designed to help law firms bill clients more efficiently.
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Hitachi Vantara Uncovers Reasons for GenAI's Struggles
The report surveyed 800 IT and business leaders across the U.S., Canada, and Western Europe to explore the critical role of data infrastructure in enterprise GenAI and the associated decisions needed for successful implementation. Results showed that 97% of organizations adopting GenAI consider it a top five priority, with U.S. companies 35% more likely to say GenAI is a top priority compared to European respondents.
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Patronus AI Launches Real-Time Hallucination Detection Tool
The report surveyed 800 IT and business leaders across the U.S., Canada, and Western Europe to explore the critical role of data infrastructure in enterprise GenAI and the associated decisions needed for successful implementation. Results showed that 97% of organizations adopting GenAI consider it a top five priority, with U.S. companies 35% more likely to say GenAI is a top priority compared to European respondents.
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What the experts say section
Watch this space as each week our editors will share upcoming events, new thought leadership, and top resources. Insight JamSolution Review Enterprise Technology Community It's where the human conversation about AI is happening. Our goal is to provide advanced analysis and help you understand trends through expert advice, best practices, predictions, and vendor-neutral software assessment tools.
New Episodes Insight AI With Doug Shannon: The Rise of Agent-Based AI
Doug and Doug discuss the impact these technologies will have on efficiency and automation across consumer and enterprise applications. The conversation also touches on the generational divide in technology adoption and offers a new perspective on the societal impact of AI. Listen to this conversation to learn more about the ever-evolving world of AI.
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Insight Jam Expert Panel Discusses AI Skills in Business Intelligence
Our expert panel will discuss the impact of AI on business and workforce dynamics. They'll explore how AI can increase productivity and efficiency and change the skills needed in organizations, and debate whether AI will replace jobs or create new opportunities (spoiler alert: it's new opportunities).
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Insight Jam Expert Panel Discusses How Stakeholders Can Build Trust in AI Systems
Our panel of experts discusses the importance of transparency in the implementation and governance of AI within organizations. They highlight the need for clear and understandable communication about AI use, data handling, and decision-making processes to build trust with users and customers.
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