Artificial Intelligence News for the Week of August 2; Updates from Alibaba, IDC, NVIDIA & More

Solutions Review Executive Editor Tim King curated this list of notable artificial intelligence news for the week of August 2, 2024.

Keeping tabs on all the most relevant artificial intelligence news can be a time-consuming task. As a result, our editorial team aims to provide a summary of the top headlines from the last week, in this space. Solutions Review editors will curate vendor product news, mergers and acquisitions, venture capital funding, talent acquisition, and other noteworthy artificial intelligence news items.

Artificial Intelligence News for the Week of August 2, 2024

Alibaba Unveils AI-Powered Conversational Sourcing Engine

It synthesizes vast quantities of information, interprets sourcing needs using natural language processing, matches buyers with products and suppliers with unprecedented accuracy, and provides advanced tools for seamless sourcing decision-making.

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Aporia Partners with Portkey

Portkey is widely recognized as a leading OSS AI gateway used by companies such as Postman, Multion, and other Fortune 500 companies. Portkey processes billions of LLM tokens daily for some of the world’s top AI teams and helps them bring their AI apps to production.

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Cloudera Finds Outdated Infrastructure, More Hindering Enterprise AI Use

A key finding of the survey is that all AI efforts are ultimately tied back to trustworthy data. While 94 percent of respondents said that they trust their data, 55 percent also said they would rather get a root canal than try to access all of their company’s data.

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Cohesity Extends ‘First Mover’ Status on GenAI Detection & Recovery

Cohesity enhanced its AI-powered cyber recovery assistant tool for the Cohesity Data Cloud, providing expert guidance on the appropriate response. Using security context as input to GenAI and complementing this multiple sources including threat hunting scans, ransomware detection, data risk, and posture, among others, customers can receive an alert to anomalous behaviors.

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Deloitte Says AI is a ‘Top Investment’ for Private Firms

Private company C-suite respondents said determining AI use within the organization (50 percent), training and upskilling the workforce on the use of AI (49 percent) and training/education for board members (49 percent) on AI were high or very high priorities.

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AI Has GDPR Moment: EU ‘Sweeping’ AI Law Goes Into Effect

Although the rules were first proposed in 2021, they took on greater urgency when ChatGPT burst onto the scene in 2022, showing generative AI’s human-like ability to churn out eloquent text within seconds.

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Galileo Drops New Hallucination Index

This year’s Index added 11 models to the framework, representing the rapid growth in both open- and closed-source LLMs in just the past 8 months. As brands race to create bigger, faster, and more accurate models, hallucinations remain the main hurdle to deploying production-ready Gen AI products.

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Google Adds Gemini to BigQuery

Analysts said they expect data professionals to see the addition of Gemini as a welcome move, as data engineering is often the most time-consuming task in many enterprise data and analytic processes.

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Google’s Partnership with Anthropic Under Antitrust Scrutiny

The CMA is inviting industry comments before a deadline of Tuesday, August 13, in advance of the launch of its formal investigation. The outcome of the inquiry will decide whether or not the regulator orders remedial actions or otherwise intervenes in the market.

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IDC Finds Massive Demand for AI Platforms Software Into 2030

According to IDC’s Future Enterprise Resiliency and Spending Survey, Wave 4 (April 2024, N=764), half of the organizations currently deploying GenAI in production have already selected an AI Platform, while most of the organizations that have already initiated significant investments will do so in the next six months.

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Infosys Expands Partnership with ServiceNow

As part of this engagement, Infosys will aim to accelerate the ServiceNow implementation for enterprises such as First Abu Dhabi Bank (FAB), by almost 30 to 40 percent, allowing faster time-to-value – and also deliver a comprehensive suite of services and solutions.

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Lenovo Partners with Databricks on ‘Smarter AI for All’

Starting in the Greater China and Asia Pacific Region, then rolling out globally, Lenovo will offer end-to-end expertise in solutions and services for data management, including cloud, data and AI strategy, data platform modernization, data migration, pre-built code for quick implementation, optimization, governance and audit management, and AI and ML use cases.

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MinIO Unveils New DataPod for Exascale AI Data Infrastructure

In addition to MinIO DataPod, MinIO is announcing its recognition on the InfraRed 100, which honors 100 transformative companies in cloud infrastructure, and its receipt of an AI Breakthrough Award as the best overall AI-based analytics company. These industry honors highlight the growing impact and adoption of MinIO object storage for AI.

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Mission Cloud Launches New Mission AI Foundation

Mission AI Foundation leverages Mission Control, the company’s cloud services platform, along with Amazon QuickSight and Amazon Q, to provide detailed cost visualization and management tools. The service also includes carbon footprint tracking, offering insights into the environmental impact of AI workloads.

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Monte Carlo Launches Trusted Data for AI Advisory Council

Through a collaboration with the TDAI Advisory Council, the vendor hopes to uncover and distribute best practices and industry leadership that will lay the foundation for organizations to safely and reliably succeed in the AI-driven future.

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NVIDIA Demos 3D World-Building of NVIDIA Edify

In the Real-Time Live demo, the researchers used an AI agent to instruct an NVIDIA Edify-powered model to generate dozens of 3D assets, including cacti, rocks and the skull of a bull — with previews produced in just seconds.

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Qlik Unveils Self-Service AI Tool Qlik Answers

Qlik Answers combines generative AI with Qlik’s trusted data analytics capabilities to deliver precise, contextually relevant results from extensive unstructured data sources. This solution enables customers to seamlessly integrate AI into their existing Qlik business intelligence workflows, ensuring efficient use of resources and avoiding technical debt.

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SingleStore Unveils New Accelerator AI Program

SingleStore’s goal for the accelerator program is to help startup communities develop cutting-edge AI technologies through the best and most responsible use of data. Eligible startups will be able to apply for SingleStore credits to help build, grow and scale their missions.

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Tray.io is Now Tray.ai

Tray.ai delivers a composable AI integration platform on which teams build quickly using AI-augmented development, infuse AI into business processes in a flexible way, and control how and when AI is applied in a safe manner.

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Weaviate Releases New Developer Workbench of Tools

The company said it was inspired to launch its own suite of tools by the vibrant community of developers that has come to rely on its open-source database to store billions of essential “vectors” for AI models.

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Expert Insights Section

Watch this space each week as our editors will share upcoming events, new thought leadership, and the best resources from Insight Jam, Solutions Review’s enterprise tech community where the human conversation around AI is happening. The goal? To help you gain a forward-thinking analysis and remain on-trend through expert advice, best practices, predictions, and vendor-neutral software evaluation tools.

Solutions Review Set to Host Informatica for the Spotlight in August: How to Build AI-Powered Data Pipelines and Put Them Into Action

With the next Solutions Spotlight event, the team at Solutions Review has partnered with Informatica, a leader in data management and integration, to provide viewers with this unique webinar. Hear from industry experts like Siddharth Mishra and Abhilash Reddy to learn how to effortlessly prepare quality data and deliver it so it’s timely and relevant for GenAI.

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On-Demand: Solutions Review Hosts Pure Storage for the Spotlight: Enterprise AI Solutions

With the next Solutions Spotlight event, the team at Solutions Review has partnered with Pure Storage to showcase strategies to future-proof AI storage to meet dynamic and growing data needs. Reserve your spot now for this exclusive event and gain the insights needed to elevate your AI ventures to the next level!

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For consideration in future artificial intelligence news roundups, send your announcements to the editor: tking@solutionsreview.com.