Artificial Intelligence News for the Week of May 17; Updates from OpenAI, Elastic, WEKA & More

Solutions Review Executive Editor Tim King curated this list of notable artificial intelligence news for the week of May 17, 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 May 17, 2024

Alteryx Releases New AiDIN Copilot

AiDIN Copilot will place tools directly on the Alteryx Designer canvas, reduce the time spent on manual configurations, and overall accelerate the analytics process. Users will be able to simply chat with AiDIN Copilot, and it will respond back with best-practice answers to guide the creation of analytics workflows in Alteryx Designer.

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AWS Launches GenAI Service in APAC

Bedrock became generally available to customers worldwide through select regions in 2023, and now it has been expanded to the Asia Pacific (Mumbai) Region. This will help support customers across the country, including public sector organisations and companies in regulated industries.

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DataStax New Announces Hyper-Converged Data Platform

Hyper-converged streaming (HCS), built with Apache Pulsar, is designed to provide data communications for a modern infrastructure. With native support of inline data processing and embedding, HCS brings vector data to the edge, allowing for faster response times and enabling event data for better contextual generative AI experiences.

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Elastic Unveils Search AI Lake

With the expansive storage capacity of a data lake and the powerful search and AI relevance capabilities of Elasticsearch, Search AI Lake delivers low-latency query performance without sacrificing scalability, relevance, or affordability.

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Exasol Finds AI Underinvestment Could Lead to Catastrophe

In partnership with Vanson Bourne, an independent research firm, Exasol surveyed 800 senior decision-makers as well as data scientists and analysts across the U.S., U.K., and Germany to assess enterprises’ data and analytics initiatives, including their top challenges and how they are planning to address those challenges in the short-term (within two years).

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Microsoft Does $4 Billion-Dollar French AI Investment

This broad investment package is designed to accelerate the adoption of artificial intelligence (AI) and cloud technologies, increase the country’s competitiveness by fostering digital technology made in France and create long-term benefits for the French economy and job market.

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Oracle Reportedly Set to Partner with xAI

Oracle Chairman Larry Ellison had previously mentioned their collaboration with xAI, highlighting the increasing demand for computing power from Musk’s company. There are ongoing negotiations, though there is no guarantee that the deal will be signed, reported The Information.

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NVIDIA-Backed PolyAI Secures $50 Million in Series C Funding

The company spun out of Cambridge University’s preeminent Machine Intelligence Lab in 2017, and today serves close to 100 enterprise customers including FedEx, PG&E, Caesars, Marriott, Unicredit and other Fortune 500 companies.

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Salesforce Announces Summer GenAI & Connected Data Capabilities

Set to be generally available on June 17 2024, the tech giant outlined increased productivity and access to large language models (LLMs) on an open platform as some of the benefits of the Summer release.

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WEKA Secures $140 Million in Series # Funding

The funds will augment the company’s considerable cash reserves, giving it ample options for how it can scale its business rapidly to meet accelerating global demand for AI-native data infrastructure while expanding its investments in developing its data platform software and providing liquidity to WEKA employees.

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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 Information Risk with David Loshin: Bad Data → Bad AI

On this episode of Information Risk, David Loshin gets into the perils of using AI and large language models (LLMs). when the data is faulty. Socioeconomic pillars like healthcare, real estate, and law are affected.

Watch free on YouTube

Solutions Review Set to Host Databricks & ZoomInfo for Exclusive GenAI Roundtable May 29

With the next Expert Roundtable event, the team at Solutions Review has partnered with Databricks and ZoomInfo to cover why bad data is the problem, how Databricks and ZoomInfo help companies build a unified data foundation that fixes the bad data problem, and how this foundation can be leveraged to easily scale and use data + AI for GenAI.

Register free on LinkedIn

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