AI

December 21st, 2024 11:39 PM 0 COMMENTS

Leap Financial Raises USD 3.5 Million to Enhance Cross-Border Payments with AI

Miami-based AI-powered fintech startup Leap Financial has secured USD 3.5 million in a seed funding round led by Fuel Venture Capital, with additional support from Ascendo Venture Capital. Leap says it provides a service that allows financial and non-financial institutions to participate in cross-border money flows, eliminating inefficiencies and helping immigrants send money home. The company specialises in embedded remittances and embedded payments, offering AI-enhanced engagement, cross-border transactions, and integrated... Read More

December 20th, 2024 7:29 PM 0 COMMENTS

Apptronik Partners with Google DeepMind to Advance AI-Powered Humanoid Robots

Apptronik, an AI-powered humanoid robotics company, has entered into a strategic partnership with Google DeepMind's robotics team to advance the development of intelligent humanoid robots. This collaboration aims to combine Apptronik's cutting-edge robotics hardware with DeepMind's AI expertise to create humanoid robots that can be more helpful to people in dynamic environments. Also Read: Google Launches Gemini 2.0: A New AI Model for the Agentic Era Human-Centered Robotics Design Founded... Read More

December 20th, 2024 3:05 PM 0 COMMENTS

STT GDC India Partners with UP Government to Develop AI City Project

Data centre solutions provider ST Telemedia Global Data Centres India (STT GDC India) has signed an MoU with the Uttar Pradesh Government to develop the country's first AI City. "The initiative places a significant focus on fostering a robust AI ecosystem through the establishment and optimisation of cutting-edge data centres and computing infrastructure," STT GDC India said in a statement on Wednesday, December 18. Also Read: STT GDC Commits USD... Read More

December 20th, 2024 1:42 PM 0 COMMENTS

Backflip Unveils AI-Powered 3D Design Platform with USD 30 Million in Backing

AI-powered 3D design company Backflip has unveiled an AI-powered design platform (AI model) that translates user inputs into high resolution, 3D-printable models, reducing the barriers between idea and execution. In unveiling its first product, the company said "Users can produce real parts from a simple text description, or even by snapping a photo of something that broke and needs to be replaced." Also Read: Trane Technologies to Acquire BrainBox AI... Read More

December 20th, 2024 10:54 AM 0 COMMENTS

EQTY Lab, Intel, and Nvidia Launch Verifiable Compute AI Framework

EQTY Lab, in collaboration with Intel and Nvidia, announced on December 18 the launch of Verifiable Compute AI framework, a hardware-based solution designed to ensure AI workflows are secure, accountable, and compliant with emerging regulations like the EU AI Act. Also Read: EU Selects Seven Sites for First AI Factories, Marking EUR 1.5 Billion Investment Verifiable Compute AI Framework Verifiable Compute introduces a cryptographic AI notary and certificate system embedded... Read More

December 20th, 2024 9:40 AM 0 COMMENTS

Mobily and Ericsson Trial AI-Driven 5G Uplink Optimiser in Saudi Arabia

Saudi Arabian telecommunications services company Mobily has successfully trialed Ericsson's Artificial Intelligence (AI)-powered 5G uplink interference Optimiser to enhance 5G network performance. The trial, conducted using Uplink Interference Optimiser module, part of the Ericsson Cognitive Software portfolio, demonstrated an 80 percent improvement in high-quality transmission conditions, resulting in better spectral efficiency and faster uplink speeds. Also Read: Ericsson Launches AI-Powered 5G Advanced Software Suite to Improve Network Efficiency Enhancing 5G... Read More

December 20th, 2024 12:03 AM 0 COMMENTS

Samsung to Unveil New Refrigerators With AI Hybrid Cooling Technology at CES 2025

Samsung Electronics today announced that it will unveil its new line of refrigerators with AI Hybrid Cooling technology at CES 2025. The cooling system combines artificial intelligence (AI) with a high-efficiency compressor and Peltier module, optimising energy use while enhancing food freshness. Also Read: Samsung Showcases AI for All Vision at Developer Conference 2024 AI Hybrid Cooling Technology The AI Hybrid Cooling system adapts to varying cooling needs, activating both... Read More

December 19th, 2024 9:50 PM 0 COMMENTS

Norwood Systems Launches AI Voice Platform for Operators with Microsoft

Australian AI-powered telecom voice technology company Nordwood Systems has launched CogVoice OpenSpan (OpenSpan), an AI voice platform built on Microsoft Azure. OpenSpan provides Communication Service Providers (CSPs) with the tools to modernise and monetise their voice services using AI-powered features and functionality. The company said the platform addresses a "critical gap" in operator networks: while traditional CSP core infrastructures are optimised for reliability and scalability, they generally lack the flexibility... Read More

December 19th, 2024 7:44 PM 0 COMMENTS

Visa Completes Acquisition of Featurespace to Enhance AI-Powered Fraud Prevention

Global digital payments facilitator Visa announced on Thursday, December 19, that it has completed the acquisition of Featurespace, a developer of real-time artificial intelligence (AI) payments protection technology designed to prevent and mitigate payments fraud and financial crime risks. This move will enhance Visa's fraud prevention capabilities and strengthen security for customers worldwide, Visa said. Also Read: Citigroup Rolls Out AI Tools to Boost Employee Productivity: Report Strengthening Fraud Prevention... Read More

December 19th, 2024 4:17 PM 0 COMMENTS

Trane Technologies to Acquire BrainBox AI for AI-Driven Building Technology

Trane Technologies, a climate technologies company, announced on Wednesday, December 18, that it has signed a definitive agreement to acquire BrainBox AI, a Montreal-based company specialising in autonomous HVAC (Heating, Ventilation, and Air Conditioning) controls and generative Artificial Intelligence (AI) building technology. BrainBox AI has developed an enterprise platform for autonomous building management. Also Read: Healwell AI to Acquire Orion Health and Strengthen AI-Driven Healthcare Solutions BrainBox AI's AI-Driven Solutions... Read More

December 19th, 2024 1:18 PM 0 COMMENTS

Perplexity Acquires Carbon, Expands Publisher Program with 15 New Media Partners

AI company Perplexity announced on Wednesday, December 18, that it has acquired Carbon, a retrieval engine that connects external data sources to large language models. This acquisition will enable Perplexity users to directly connect apps like Notion and Google Docs, simplifying workflows and enhancing the AI's ability to pull insights from diverse data sources, including internal databases, cloud storage, and document repositories. Perplexity said it will soon integrate Carbon's data... Read More

December 19th, 2024 10:44 AM 0 COMMENTS

Infosys Opens New Development Center in Kolkata for AI, Cloud and Digital Technologies

Infosys, an Indian IT services and consulting company, announced on Wednesday the inauguration of a new state-of-the-art, 320,000-square-foot development center (DC) in Kolkata, West Bengal. Built with an investment of over Rs 426 Crore, the facility is designed to accommodate over 4,000 employees in a hybrid working model, focusing on technologies like cloud, AI, and digital across industries such as manufacturing, logistics, and financial services. Also Read: Infosys Sees Strong... Read More

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