Ad Image

Artificial Intelligence News for the Week of May 24; Updates from Amazon, IBM, Microsoft & More

Solutions Review Executive Editor Tim King curated this list of notable artificial intelligence news for the week of May 24, 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 24, 2024

Agnostiq Unveils AI Model Training & Serving

Covalent provides users a blank canvas to create any AI application they envision, making the productionalization of AI accessible to startups and enterprises, allowing users to transform concepts into ready-to-ship products, and significantly reducing time to market.

Read on for more

Amazon Partners with Hugging Face

Hugging Face has become a central hub for AI researchers and developers to share chatbots and other AI software and is backed by Amazon, Alphabet’s Google and Nvidia, among others. It is the main place that developers go to obtain and tinker with open-source AI models such as Meta Platforms’ Llama 3.

Read on for more

Dell Introduces AI Factory, Expanded NVIDIA Partnership & More

They include new flash storage systems tuned to AI workloads, a parallel file system integrated into the PowerScale storage servers, and a set of networking appliances that deliver faster throughput and lower latency.

Read on for more

Cognigy Releases Advanced AI Agents for Sales and Marketing

Cognigy’s AI Agents are engineered to revolutionize customer engagement through proactive personalization and intelligent interaction that not only anticipate customer needs but also drive significant sales growth.

Read on for more

H (Formerly Holistic AI) Secures $220 Million in Funding

The company is working towards “full-AGI,” a reference to artificial general intelligence, a level of artificial intelligence (AI) that matches or exceeds human capabilities. Amazon and Samsung participated in the funding round.

Read on for more

IBM Releases Family of IBM Granite Models into Open-Source

Available under Apache 2.0 licenses on Hugging Face and GitHub, the open-source Granite models stand out for their development process, quality, transparency and efficiency. The Granite code models range from 3B to 34B parameters and come in both base and instruction-following model variants.

Read on for more

Informatica Releases AI Product Innovations at Annual World Conference

System-level information or metadata continues to be siloed within application and department-level repositories. With CLAIRE GPT, Informatica uses an organization’s metadata system of record to incorporate information about the enterprise data assets to allow users to talk to their data.

Read on for more

John Snow Labs Achieves Medical LLM Benchmarks for Accuracy

This combination of nine benchmarks challenges AI models to answer thousands of medical licensing exam questions (MedQA), biomedical research questions (PubMedQA), and college-level exams in anatomy, genetics, biology, and medicine (MMLU).

Read on for more

JP Morgan Says All New Hires Will Get AI Training

The bank has for years turned to predictive AI and machine learning for things like marketing, fraud and risk, the letter said, but is now exploring the use of generative AI for things like software engineering, customer service and operations.

Read on for more

Microsoft Azure AI Studio Now Available

Redmond is making OpenAI’s latest multimodal model, GPT-4o, available in Azure Studio and as an API. The “o” in the model’s name means “omni,” a reference to its ability to accept different types of input (audio, text, and visual material) and to respond in any of those modes.

Read on for more

Nutanix Announces New GPT-in-a-Box Features

Additionally, the company announced the Nutanix AI Partner Program, aimed at bringing together leading AI solutions and services partners to support customers looking to run, manage, and secure generative AI (GenAI) applications on top of Nutanix Cloud Platform and GPT-in-a-Box.

Read on for more

NVIDIA Extends Developer-Centric Collaboration with Microsoft

Microsoft is expanding its family of Phi-3 open small language models, adding small (7-billion-parameter) and medium (14-billion-parameter) models similar to its Phi-3-mini, which has 3.8 billion parameters.

Read on for more

OneStream Drops New Purpose-Built AI Solutions

With ML and AI models built directly on top of OneStream’s unified data model and proprietary financial intelligence, Finance leaders can quickly identify trends and business drivers and create forecasts from trusted enterprise data with unparalleled accuracy and speed.

Read on for more

OpenAI PArtners with News Corp on Content

The partnership comes a week after OpenAI announced a similar collaboration with the Financial Times to use the publication’s content to train its AI models. OpenAI also formed a partnership with Reddit last week.

Read on for more

Patronus AI Nabs $17 Million Venture Capital Funding

Patronus AI has developed a sophisticated platform utilising AI to automatically generate adversarial prompts. These prompts serve to assess the reliability of large language models by attempting to elicit unintended responses. Additionally, the platform provides prepackaged reliability evaluations and includes a dashboard for visualising test results.

Read on for more

New Predibase Fine-Tuning Index Ranks Open-Source LLMs

Drawing from over 700 fine-tuning experiments, this comprehensive resource is designed to aid enterprise AI teams in selecting the optimal open-source model for their specific applications and reports the performance of 13 of the most popular open-source LLMs across 31 distinct tasks compared to leading commercial LLMs.

Read on for more

Half of Organizations Using AI in Database Management, Study Finds

A surprising 88 percent of organizations now host their databases partly or mostly in the cloud, and over half (55 percent) are actively using AI in database management or considering doing so.

Read on for more

Red Hat Announces Enterprise Linux AI

The solution is packaged as an optimized, bootable RHEL image for hybrid cloud server deployments and as part of OpenShift AI, Red Hat’s hybrid MLOps platform, for scaling models and InstructLab across distributed cluster environments

Read on for more

Salesforce and IBM Partner on Integrating watsonx AI & Data Platform

The partnership between the two tech giants focuses on the bidirectional integration of data, large language model (LLM) flexibility, prebuilt actions for CRM solutions and a commitment to responsible AI development.

Read on for more

Scale AI Raises $1 Billion in New Venture Capital Funding

The new Scale AI round is the second $1 billion raise for a U.S.-based AI startup this month. Scale AI plays a key role in creating large language models, accurately labeling text, images, video and voice data. The startup also creates and fine-tunes data sets.

Read on for more

SolarWinds Launches New AI Service Management Tool

Powered by large language models (LLMs) and proprietary algorithms, SolarWinds AI in Service Desk instantly summarizes complex ticket histories, provides suggested agent responses to inquiries, and generates real-time recommended steps for resolving issues.

Read on for more

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 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

Solutions Review Set to Host Observe.AI for an Exclusive Spotlight Event on June 18

Join us for an exclusive webinar unveiling the next generation of Observe.AI’s Conversation Intelligence platform, a pivotal technology transforming the contact center landscape. Don’t miss this opportunity to stay ahead of the curve and revolutionize your contact center operations.

Register free on LinkedIn

Solutions Review Set to Host Nexthink for an Exclusive Spotlight Event on June 25

Nexthink uses AI to help organizations make the shift from reactive to proactive to preventative IT management, resulting in continued improvement in digital employee experience and productivity. Part one of this 45-minute session will show you how Nexthink customers are leveraging AI TODAY to make informed decisions for their companies, faster.

Register free on LinkedIn

For consideration in future artificial intelligence news roundups, send your announcements to the editor:

Widget not in any sidebars

Share This

Related Posts