Artificial Intelligence (AI)
At AWS re:Invent 2024, PagerDuty, a global leader in digital operations management, revealed exciting new generative AI (genAI) and automation features for its PagerDuty Advance platform, in collaboration with Amazon Web Services (AWS). These enhancements, announced during a keynote by PagerDuty Chairperson and CEO Jennifer Tejada and AWS CEO Matt Garman, bring advanced AI tools to incident management, helping organizations improve efficiency, reduce risks, and ensure operational resilience.
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ABB’s industrial IoT and AI suite, Ability Genix, is transforming industrial data analysis by leveraging CrateDB’s advanced database technology. With less than 20% of industrial data being utilized, Ability Genix aims to unlock the full potential of this data by combining AI, machine learning, and domain expertise to provide actionable insights across various industries.
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OpenPad AI, a groundbreaking platform leveraging decentralized AI analytics, has secured $2 million in funding led by Basics Capital and supported by notable investors like Protein Capital, Spicy Capital, and several others. This funding will propel OpenPad AI's mission to revolutionize investment decision-making by combining AI with blockchain technology to provide secure, user-centric, and transparent solutions in the Web3 ecosystem.
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STAND 8, a global leader in technology services, has announced a strategic partnership with Lyzr, a privacy-first generative AI platform. This collaboration aims to address the AI adoption challenges faced by enterprises, such as resource constraints and data privacy concerns, offering scalable and secure AI solutions that drive operational efficiency and business growth.
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LTIMindtree USA Inc., a subsidiary of the global technology consulting firm LTIMindtree, has announced a strategic partnership and investment in Voicing.AI, a start-up at the forefront of agentic AI technology. This collaboration aligns with LTIMindtree’s strategy of “AI in everything, Everything for AI, and AI for Everyone” and will enable the company to enhance its AI-led platforms to optimize business processes across industries.
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SquareWorks Consulting, a leading provider of financial automation software and ERP implementation solutions, has launched its latest innovation, Invoice AI. This patent-pending technology is designed to revolutionize the way accounts payable (AP) teams handle invoice scanning within enterprise resource planning (ERP) systems. By improving upon traditional Optical Character Recognition (OCR) technology, Invoice AI delivers best-in-class accuracy and the ability to adapt to unique business needs over time.
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Artificial Intelligence (AI) is no longer just a tool for large corporations. Reports from Capterra indicate that small and midsize businesses (SMBs) are embracing AI to improve efficiency and drive growth. According to the U.S. Chamber of Commerce, 86% of small businesses report that AI has made their operations more efficient, and 91% are optimistic about AI's potential to fuel future brand growth.
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MongoDB, Inc. recently announced a significant expansion of its AI Applications Program (MAAP) at AWS re:Invent. The new cohort of partners includes AI and tech leaders such as Capgemini, Confluent, IBM, QuantumBlack, AI by McKinsey, and Unstructured. These partnerships enhance the MAAP ecosystem, offering customers diverse integration and solution options that help them build and deploy AI applications effectively. The program aims to empower organizations to use their data for custom AI applications in a scalable, cost-effective manner, while providing access to a range of resources to accelerate AI innovation.
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TaskUs, Inc., a leading provider of outsourced digital services, and Red Points, the leading AI-powered brand protection solution, have announced a strategic partnership to tackle digital fraud and intellectual property (IP) violations. This collaboration combines AI technology and human expertise to offer an end-to-end solution designed to protect brands from the growing threat of online fraud and counterfeiting, which is linked to estimated annual losses of $2 trillion.
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