Artificial Intelligence News for the Week of July 12; Updates from CodiumAI, Deloitte, Hitachi Vantara & More

Solutions Review Executive Editor Tim King curated this list of notable artificial intelligence news for the week of July 12, 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 July 12, 2024

Alluxio Updates Enterprise AI Platform

Version 3.2 showcases the platform’s capability to utilize GPU resources universally, improvements in I/O performance, and competitive end-to-end performance with HPC storage. It also introduces a new Python interface and sophisticated cache management features. These advancements empower organizations to fully exploit their AI infrastructure, ensuring peak performance, cost-effectiveness, flexibility and manageability.

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Arize AI Drops New AI Copilot

The updates make Arize a powerhouse for experimentation as well as production observability. Leveraging Arize, AI engineers can make adjustments – editing a prompt template, for example, or swapping out the LLM they are using – and then see if performance across a test dataset decreases or there are other impacts (i.e. around latency, retrieval, and hallucinations) before safely deploying a change into production.

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CodiumAI Releases New GenAI Enterprise Coding Platform

Through organization-specific code suggestions, tests, and reviews, Codium’s enterprise platform enables enterprises to confidently adopt AI-generated code. Just 16 months since exiting stealth, CodiumAI’s solutions are already used by over 600k developers.

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Dataiku Finds Major Hurdles to Using GenAI in Production

Dataiku surveyed 200 senior analytics and IT leaders at enterprise companies across the globe in April 2024 to explore enablement against execution of Generative AI. Most agreed the proliferation of disconnected tools, lack of tech optionality, and outdated processes will intensify current challenges, such as data quality, governance, and risk management.

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Deloitte Launches New AI & Data Accelerator Program with AWS

The Innovation Lab will allow Deloitte and AWS engineers to collaborate on building industry-specific solutions across financial services; government and public sector; life sciences and health care; media and telecommunications; consumer; and energy, resources and industrials.

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Egnyte Releases GenAI Copilot for Knowledge Work

Egnyte Copilot streamlines content management by surfacing insights, summarizing documents, creating new content, and transcribing multimedia—all within Egnyte’s robust content governance framework. As part of this release, Egnyte end users can now designate specific groupings of files as “Knowledge Bases” for focused AI answers and configure each base using domain-specific prompt libraries to guide the AI’s responses.

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Elasticsearch Announces Support for Amazon Bedrock-Hosted AI Models

Developers using Elasticsearch and models hosted on Amazon Bedrock can now store and use embeddings, refine retrieval to ground answers with proprietary data and more. Amazon Bedrock models are also available in the low-code playground experience, giving developers more choice when A/B testing LLMs.

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Hebbia Raises $130 Million in Series B Funding

Founded in 2020, New York-based Hebbia is trying to reinvent how people work: building an AI-powered platform where users can unearth insights and information from AI agents relevant to their workflows. Hebbia also announced its revenue has grown 15 times over the last 18 months.

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HerculesAI Secures $26 Million in Venture Capital Funding

HerculesAI, officially Zero Cognitive Systems Inc., sells five AI applications that are each optimized for a different set of tasks. Three focus on reducing the amount of manual work required to organize and analyze business documents. The company also provides two tools designed to help law firms more efficiently bill clients.

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Hitachi Vantara Uncovers Source(s) of GenAI Struggles

Surveying 800 IT and business leaders across the United States, Canada, and Western Europe, the report explores the critical role of data infrastructure for enterprise GenAI and the associated decisions underpinning successful implementation, finding that 97% of organizations with GenAI in flight view it as a top-five priority, with U.S. companies 35% more likely to say it was the top priority compared to European respondents.

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Patronus AI Unveils Real-Time Hallucination Detection Tool

Surveying 800 IT and business leaders across the United States, Canada, and Western Europe, the report explores the critical role of data infrastructure for enterprise GenAI and the associated decisions underpinning successful implementation, finding that 97% of organizations with GenAI in flight view it as a top-five priority, with U.S. companies 35% more likely to say it was the top priority compared to European respondents.

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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.

New Episode of Insight AI with Doug Shannon: The Rise of Agentic AI

Doug and Doug discuss the implications of these technologies on efficiency and automation across consumer and enterprise applications. The conversation also touches on the generational divide in tech adoption and offers fresh perspectives on AI’s societal impact. Listen in to up your knowledge about the ever-evolving world of AI.

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Insight Jam Panel of Experts Discusses AI Skills in Business Intelligence

Our expert panel discusses the impact of AI on businesses and workforce dynamics. They explore how AI can enhance productivity and efficiency, potentially changing the skills needed in organizations, and debate whether AI will replace jobs or create new opportunities (spoiler: it’s new opportunities).

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Insight Jam Panel of Experts Discusses How Stakeholders Can Build Trust in AI Systems

Our expert panel discusses the importance of transparency in AI implementation and governance within organizations. They emphasize the need for clear, understandable communication about AI usage, data handling, and decision-making processes to build trust with users and customers.

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