Tag: artificial intelligence

June 19, 2024 BY Elizabeth Anderson

Decagon Raises $35m In Fundraising Drive For AI-Driven Customer Service

This company claims that it offers a “powerful generative AI platform that mirrors human capabilities, by accurately and autonomously handling complex customer support jobs”. The AI service can reportedly supplement or replace a company’s customer care worker pool. Based on a Reuters report, OpenAI, which was backed by Microsoft Corporation (MSFT), started the current AI…

Read more
March 21, 2024 BY Elizabeth Anderson

Co-Founders of Inflection AI Join Microsoft

Suleyman also co-founded DeepMind, the artificial intelligence (AI) outfit bought by Alphabet Inc’s Google (GOOG) in 2014. Industry experts believe that this move fortifies Microsoft’s reputation as an AI stalwart in big tech circles and forms part of CEO Satya Nadella’s drive to acquire top expertise. Suleyman will head Microsoft’s new consumer AI unit, while…

Read more
March 19, 2024 BY Robert Bell

Adobe loses value as weak sales predicted

The company’s revenue is expected to be between $5.25bn and $5.3bn this quarter, according to a statement released on Thursday. This falls slightly short of the initial projections of $5.31bn. However, profits are expected to exceed predictions, reaching as high as $4.40 per share rather than analysts’ average estimate of $4.38. ADBE has been a…

Read more
February 19, 2024 BY Elizabeth Anderson

Tender-type agreement boosts OpenAI value to $80bn

In terms of the agreement, OpenAI employees could cash out their shares. By doing this, the company can raise funds without following traditional funding routes. To date, OpenAI has yet to give a response. The company did the same in 2023 when Thrive Capital, Sequoia Capital, Andreessen Horowitz and K2 Global bought OpenAI shares through…

Read more
February 07, 2024 BY Elizabeth Anderson

Cisco launches first-of-its-kind AI defence against identity cyber-attacks

The company pointed out the gaps between virtual authentication and access processes. According to its 2023 data, 26% of all Cisco Talos Incident Response incidents comprised fraudulent logins to gain access to authentic accounts. Due to the connection between accounts used on different platforms, Cisco said that cybercriminals only need to compromise one digital identity…

Read more
February 01, 2024 BY Elizabeth Anderson

Rising AI costs a stumbling block for big tech stock performance

Alphabet stocks took a 7.35% knock after publishing its leaner-than-expected festive advertising sales figures on Tuesday, 30 January. The tech giant also indicated that more money will go into boosting its AI leverage by investing in upscaled servers, for example.    Alphabet CEO Sundar Pichai tried to bolster investor confidence by saying: We are pleased with…

Read more
September 26, 2023 BY Elizabeth Anderson

Amazon shows AI interest with possible $4bn startup investment

The agreement reached between the two companies stipulates that Amazon employees and Amazon Web Services (AWS) users will get early access to the latest Anthropic technologies. Anthropic, on the other hand, will primarily use Amazon’s cloud services.  Additionally, the company will train future AI models on proprietary chips supplied by the global retailer. The chief…

Read more
September 11, 2023 BY Elizabeth Anderson

Nasdaq gets the SEC green light for first AI exchange order type

Dynamic M-ELO aims to speed up order matches and minimise market impact, boosting the efficiency of an already speedy stock market even more. According to the exchange, this will establish better trading outcomes.  This initiative follows predictive AI, the Strike Price Optimisation Programme, implemented in the Nasdaq U.S. options market earlier this year. It enhanced…

Read more