In a world where AI is constantly evolving, enterprises are increasingly experimenting with real use cases for generative AI (GenAI), paving the way for transformative growth in the coming decade, according to a recent report by Forrester. The mass adoption of GenAI is reshaping customer and employee interactions and expectations, and firms that actively harness […]
Infosys terminated a $1.5 billion AI solutions agreement with an undisclosed global company, just three months after signing the deal. The termination comes amid the resignation of the company’s CFO and hints at potential pressure on Infosys and other Indian IT companies due to muted business in recent quarters. Despite the deal loss, […]
In a move to bolster its AI capabilities, Apple is in discussions with major news publishers such as Condé Nast, NBC News, and IAC to license their news archives. The company aims to use this content to train its generative AI systems. These talks involve multiyear deals worth at least $50 million. The response […]
Financial companies’ hopes of using AI for analyzing SEC filings have been dampened due to poor performance of AI models from tech giants like OpenAI, Meta, and Anthropic. The study by Patronus AI indicates that these AI models are prone to providing incorrect answers or hallucinations when fed SEC document data. The financial services industry […]
Apple has published research papers showcasing its endeavor to advance artificial intelligence (AI) technology. The research highlights the development of on-device AI technology, including methods to efficiently run large language models (LLMs) and create animatable avatars. The research includes a groundbreaking method named “LLM in a flash” which enables the smooth running of complex […]
In an unprecedented move, Cali Group has partnered with Miso Robotics, the creator of Flippy the AI-powered robotic fry station, and PopID, a tech firm specializing in biometric ordering and payments, to introduce the world’s first fully autonomous restaurant, CaliExpress by Flippy, in Pasadena, California. This innovative establishment will revolutionize the dining experience by incorporating […]
In the bustling world of artificial intelligence startups, Anthropic is making waves. The company is on the verge of raising a whopping $750 million from Menlo Ventures, elevating its valuation to a staggering $15 billion. This significant investment comes on the heels of Google and Amazon’s hefty $6 billion investment in Anthropic, spearheaded by Dario […]
Harvey, a leading generative AI platform for professional services, has successfully closed its Series B funding round, with Elad Gil and Kleiner Perkins as the co-leads, joined by OpenAI Startup Fund and Sequoia. This $80 million investment brings Harvey’s total funding to over $100 million and values the company at $715 million. The company […]
You may think that the humble grocery store merely involves stacking shelves and checking out customers, but the truth is far more fascinating and impactful. We are talking about a multi-billion-pound industry, laden with complexities and challenges. It turns out that misjudging demand for items like avocados and guacamole has far-reaching consequences. Brace yourself […]
While dealerships have adopted AI tools with the aim of providing prompt and customized information to online car shoppers, they have encountered unexpected challenges. In some instances, customers have exploited the chatbots to receive outlandish responses, including securing a $58,000 discount on a new car, lowering the price to $1. The article highlights the importance […]
Jaxon AI, initially focused on building AI systems for the U.S. Air Force, is now venturing into the enterprise market with Domain-Specific AI Language (DSAIL) to address inaccuracies and hallucinations in large language models (LLMs). Their technology utilizes IBM’s watsonx foundation models and emphasizes creating more reliable AI solutions. The DSAIL approach aims to reduce […]
Salesforce, a leading CRM platform, has enhanced its Einstein Copilot, a conversational AI assistant, with the ability to retrieve information from unstructured data. This upgrade, announced at the Salesforce World Tour New York 2023 event, will enable Copilot to provide smart suggestions and answer complex prompts by tapping into both real-time unstructured and structured business […]
Expedia, the popular travel website, aims to shift the balance of power on the web by encouraging users to initiate their travel search on its site using AI, rather than beginning with external search engines. The company plans to leverage AI to personalize travel recommendations based on customers’ preferences and historical data. Rajesh Naidu, […]
In the wake of internal turmoil and a dramatic leadership shakeup, OpenAI has installed a new Board of Directors with the authority to overrule CEO Sam Altman on any decisions he makes, including the release of artificial general intelligence (AGI), an AI system smarter than humans. The new guidelines establish the Board as the supreme […]
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