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Kripa B January 18th, 2025 5:16 PM 0 COMMENTS

ServiceNow to Acquire AI Conversation Insights Platform Cuein

ServiceNow, an AI-driven business transformation platform, announced on Friday, January 17, 2025, its plans to acquire Cuein, a specialist in AI-powered conversation data analysis and insights. The acquisition aims to bolster ServiceNow's AI agents by enhancing their ability to process and analyse customer interactions across multiple channels, such as chatbots, email, and phone, transforming fragmented data into actionable insights. Also Read: IBM and L’Oreal to Build AI Model for Creation... Read More

Kripa B January 18th, 2025 2:23 PM 0 COMMENTS

Coram AI Raises USD 13.8 Million to Bring AI to Video Security

Large Language Model (LLM)-powered video security provider Coram AI announced that it has raised USD 13.8 million in Series A funding in a round led by Battery Ventures, a global, technology-focused investment firm. Existing investors 8VC and Mosaic Ventures also participated in the round, Coram AI said in a statement on January 16, 2025. Also Read: Mesmerise and Mayo Clinic Launch NeuRealities to Transform Medical Education with AI Video Security... Read More

Kripa B January 17th, 2025 1:55 PM 0 COMMENTS

IBM and L’Oreal to Build AI Model for Creation of Sustainable Cosmetics

IBM and beauty company L'Oreal have announced a collaboration to leverage IBM's generative AI technology (GenAI) technology to uncover new insights in cosmetic formulation data, facilitating L'Oreal's use of sustainable raw materials and reducing energy and material waste. "This effort will contribute to helping L'Oreal meet its L'Oreal for the Future's target of sourcing most of its product formulas based on bio-sourced materials and/or the circular economy by 2030," the... Read More

Kripa B January 17th, 2025 1:03 PM 0 COMMENTS

Salesforce Introduces New Family of Multimodal Action Models Named TACO

Salesforce AI Research has introduced TACO, a family of multimodal large action models designed to improve performance on complex, multi-step problems that require multiple reasoning across various data types, such as images, text, and calculations. "We present TACO, a family of multi-modal large action models designed to improve performance on complex questions that require multiple capabilities and demand multi-step solutions," Salesforce said in a blog post on January 16, 2025.... Read More

Srikapardhi January 17th, 2025 10:12 AM 0 COMMENTS

BDx Data Centers Announces Data Center Partnership With APJII

BDx Data Centers (BDx), the largest data center operator in Indonesia, has announced a strategic collaboration with the Association of Indonesia Internet Service Providers (APJII) to enhance Indonesia's digital infrastructure. This partnership will establish a new Indonesia Internet Exchange (IIX) node at BDx's CGK 3A campus in Southern Jakarta, positioning it as a key hub for internet traffic exchange. Also Read: BDx Data Centers Launches First Phase of 500 MW... Read More

Kripa B January 16th, 2025 11:10 PM 0 COMMENTS

Microsoft Launches CoreAI Division to Transform the AI Application Stack

Microsoft Chairman and CEO Satya Nadella has outlined a vision for 2025, positioning AI as the cornerstone of the next major shift in application development. The company aims to reshape the entire application stack by integrating model-forward applications powered by autonomous agents. These AI-first applications will impact every category of software, compressing decades of technological evolution into just a few years. "Thirty years of change is being compressed into three... Read More

Srikapardhi January 16th, 2025 6:54 PM 0 COMMENTS

Nokia and Ericsson Lead EU Tech Industry Call for More Investment, Fewer Rules

European technology companies Nokia and Ericsson, supported by ASML and SAP, hosted the "New Industrial Ambition for Europe Summit" in Brussels today, January 16. The event brought together EU leaders to discuss ways to enhance Europe's competitiveness in the global digital economy. Senior political figures—including the European Commission Executive Vice President for Tech Sovereignty, Poland's Deputy Minister of Digital Affairs, and a former Italian Prime Minister—joined industry CEOs who highlighted... Read More

Kripa B January 16th, 2025 4:36 PM 0 COMMENTS

Mesmerise and Mayo Clinic Launch NeuRealities to Transform Medical Education with AI

Mesmerise announced on January 13, 2025, the creation of a new company called NeuRealities in collaboration with Mayo Clinic to revolutionise medical education and healthcare training. As part of a know-how agreement, NeuRealities will leverage Mayo Clinic's clinical expertise alongside Mesmerise's advancements in AI-powered spatial computing to deliver immersive learning experiences in the healthcare sector. Also Read: AI Has the Potential to Revolutionise Cardiology, Say Experts: Report The Open-Standards Digital... Read More

Srikapardhi January 16th, 2025 1:34 PM 0 COMMENTS

Europe’s 5G Adoption Expected to Surpass 4G by 2026: GSMA Report

5G has accounted for approximately 30 percent of mobile connections in Europe, equivalent to 200 million connections, surpassing the global average of 24 percent. According to the GSMA's Mobile Economy Europe 2025 report, 5G is set to overtake 4G as the dominant mobile technology in Europe by 2026. However, despite this progress, the continent lags behind regions such as North America, East Asia, and the Gulf states in terms of... Read More

Kripa B January 16th, 2025 10:42 AM 0 COMMENTS

Reliance Jio Partners With Polygon Labs To Launch Web3, Blockchain Solutions In India

Jio Platforms Limited (JPL), the digital arm of Reliance Industries (RIL) and the largest telecom operator in India, has partnered with Polygon Labs, a blockchain technology company, to facilitate the rollout of its Web3 and blockchain solutions in India. The partnership will also enable the integration of Web3 capabilities into some of JPL's existing applications and services by leveraging Polygon's blockchain solutions, according to multiple media reports. This development coincides... Read More

Kripa B January 15th, 2025 10:48 PM 0 COMMENTS

Generative AI to Transform 38 Million Jobs by 2030: EY India Report

Generative AI (GenAI) adoption could transform 38 million jobs by 2030, according to an EY India report. GenAI will drive a 2.6 percent productivity in the Indian economy through gains in the organised sector and has the potential for an additional 2.8 percent in the unorganised sector, according to the report titled 'How much productivity can GenAI unlock in India? The AIdea of India: 2025'. Also Read: Most Indian CFOs... Read More

Kripa B January 15th, 2025 8:21 PM 0 COMMENTS

Macquarie to Invest Up to USD 5 Billion in Applied Digital’s AI Data Centers

Applied Digital Corporation (Applied Digital) said it has entered into an agreement with Macquarie Asset Management (MAM) for funding of up to USD 5 billion to enable high performance computing (HPC) growth. The financing will accelerate the development of Applied Digital's data center projects, including the 400 MW Ellendale HPC Campus. Also Read: Rakuten Mobile to Raise Up to USD 2 Billion with Macquarie-Led Consortium Key Terms of the Financing... Read More