Phaidra, an AI-based control system that helps mission-critical facilities like data centers improve energy efficiency and increase compute infrastructure, today announced $12 million in new funding led by Index Ventures, bringing their total capital raised to $60.5 million. This new funding will allow Phaidra to accelerate the expansion of its autonomous control systems, which use reinforcement learning to help data centers optimize their power usage while improving reliability. The announcement comes at a time when rapid AI innovation relies on scaling compute. This, combined with a shortage of power and skilled labor needed to support mission-critical facilities like data centers, is contributing to a global crisis where AI innovation is constrained by a lack of compute infrastructure. Read More

The adoption of artificial intelligence (AI) in professional service automation and project deliveries is revolutionizing the industry by replacing manual processes with automated, efficient, and productive solutions. Last year, the global IT professional services market size was valued at $870.05 billion and is expected to grow at a compound annual growth rate of 9.5% from 2024 to 2030. The industry is experiencing a significant shift towards AI and automation, necessitating project managers to adapt. Read More

The global Artificial Intelligence (AI) Platform Market, valued at USD 31.4 billion in 2022, is set to experience exponential growth, reaching USD 366.93 billion by 2031. This impressive growth trajectory, with a CAGR of 31.41% from 2024 to 2031, is driven by advancements in AI technology and the increasing adoption of AI across various industry verticals. Read More