Oracle announced the general availability of Oracle Cloud Infrastructure (OCI) Generative AI (GenAI) Agents with retrieval-augmented generation (RAG) capabilities. These innovations empower customers to leverage AI to streamline business processes, providing a competitive advantage by simplifying the application of AI in real-world operations. The launch introduces new AI features across OCI’s suite, including advanced data management, language processing, and computer vision capabilities.
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webAI, an AI development platform providing localized AI infrastructure for enterprises, has announced two significant milestones in its mission to democratize AI access. By offering a superior alternative to traditional cloud-based models, webAI aims to fundamentally change how companies deploy and manage AI. The company recently appointed three industry veterans to its board of directors and completed a Series A funding round at a $700 million valuation, marking a pivotal moment in its growth journey.
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ACI Worldwide, a global leader in payments technology, has announced a collaboration with Red Hat., the leading provider of open source solutions. This partnership aims to make ACI’s cloud-native Enterprise Payments Platform available on any cloud infrastructure, offering customers the flexibility to adapt to the evolving digital economy and power the next generation of payment services.
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Sionic AI, a South Korean startup led by CEO Seok-Hyun Koh, has announced a strategic partnership with Alibaba Cloud, the digital technology backbone of Alibaba Group. This collaboration, formalized through a Memorandum of Understanding (MOU), aims to integrate Generative AI with cloud technologies, positioning Sionic AI for enhanced global competitiveness with support from Alibaba Cloud's robust infrastructure and networking capabilities.
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Exotel, a leading provider of AI-powered customer engagement solutions, has successfully concluded its flagship event, EngageX 2024, held in Riyadh, Saudi Arabia. The highlight of the event was the introduction of Ameyo by Exotel, marking a new era with the launch of the Kingdom’s first local cloud for Customer Experience (CX), integrated with local telephony and advanced AI. This development is a significant milestone in Exotel's dedication to supporting Saudi Arabia's Vision 2030 by enhancing business-customer interactions with innovative technology.
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ThreatHunter.ai, a leader in cybersecurity threat detection and mitigation, is launching ThreatAssesment.ai, a free tool that provides organizations with a detailed analysis of their network traffic and firewall security. This tool helps businesses validate their cybersecurity defenses using real data, offering a straightforward proof of concept.
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Talentica Software has been awarded the Machine Learning Partner Specialization in Google Cloud Partner Advantage. This recognition highlights Talentica's expertise in developing machine learning solutions using Google Cloud technology.
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LG AI Research and Google Cloud have announced an expanded collaboration to develop LG's latest EXAONE 3.0 generative AI models and the ChatEXAONE enterprise multimodal AI agent. This partnership builds on previous successful collaborations to advance AI capabilities.
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Procure IT, an AI-driven IT procurement company, has announced the appointment of Phil Ben-Joseph as its new Chief Information Officer (CIO). With over 25 years of experience in IT management, Ben-Joseph brings a wealth of knowledge and a proven track record in IT spend management and technology optimization. His role will be pivotal in advancing Procure IT's AI-driven platform, aimed at transforming the company's approach to IT procurement.
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