AiThority’s AI Roundup for the Week Ending August 2nd : AI Updates From Major Tech Giants’
Dive into the world of AI, tech, and innovation as we bring you the latest and most viral stories buzzing across the digital and AI arena, top thought leadership insights, and more.
From breakthroughs in AI and Machine learning to advancements across the tech domain, our curation keeps you informed and updated. Whether it’s a glimpse into the future of AI or a spotlight on ground-breaking research, these highlights will give you the overall tech industry updates.
Explore the frontiers of AI technology, one headline at a time.
1.Blackbaud Boosts AI and Reporting Via Microsoft Azure and Power BI
Blackbaud has integrated Microsoft Azure OpenAI Service and Power BI into its Impact Edge platform, enhancing performance, scalability, and reporting capabilities for corporate customers. These enhancements allow users to quickly generate detailed reports on social impact initiatives using data from employee engagement, philanthropy, and education programs. The integration also introduces Blackbaud Copilot, an AI chatbot that provides insights and creates content. Blackbaud is collaborating with Microsoft to align Impact Edge with security best practices and further enhance its AI capabilities. The platform will be generally available in the fourth quarter of 2024, with new features added continuously.
2.NVIDIA Announces Generative AI Models and NIM Microservices for OpenUSD Language, Geometry, Physics and Materials
NVIDIA has announced major updates to its Universal Scene Description (OpenUSD) framework, enhancing its application in robotics, industrial design, and engineering. This integration of NVIDIA Omniverse with Microsoft’s OpenAI Service and Power BI enables developers to create accurate virtual worlds and digital twins for AI development. New NVIDIA NIM microservices offer AI models to generate and understand OpenUSD data, accelerating applications in industries like manufacturing and automotive. Companies like Foxconn and WPP are already using these advancements for digital twins and AI content creation. These innovations promise significant growth in OpenUSD adoption across various sectors.
3.DecoverAI Raises $2 Million to Revolutionize Legal Technology with “Legal Brain” and Generative Defense
DecoverAI, a leading legal tech company, has raised $2 million in seed funding led by Leo Capital to revolutionize the legal industry with AI solutions. The company aims to create a “Legal Brain” AI system that enhances legal workflows, including eDiscovery, research, and case strategy. Their flagship technology, Generative Defense, offers rapid data access, transforming how legal professionals work. The funding will boost AI development, expand features, and enhance marketing. CEO Ravi Tandon emphasizes empowering attorneys with advanced tools. COO Kevin Van Horn calls it a game-changer, supported by Leo Capital’s focus on disruptive tech solutions.
4.Soluna Announces Sustainable AI Soluna Cloud Supported by Hewlett Packard Enterprise
Soluna Holdings, Inc. a developer of green data centers, is launching advanced AI sustainability cloud solutions in collaboration with Hewlett Packard Enterprise (HPE). This partnership aims to support AI training and customization for enterprises, using HPE’s direct liquid-cooled infrastructure and NVIDIA H100 SXM GPUs powered by nearly 100% renewable energy. Soluna Cloud will provide scalable, eco-friendly AI solutions, demonstrating AI expertise to HPE’s global customers. CEO John Belizaire and HPE VP Maryam Chaudry emphasize the partnership’s role in delivering high-performance, sustainable AI services. The initiative is backed by Soluna’s innovative Helix data centers and a 2GW pipeline of renewable energy.
5.Phrase Launches AI-Led Translation Platform on AWS Marketplace
Phrase, a leader in AI-based localization technology, has launched its cloud-based Phrase Localization Platform on AWS Marketplace. This platform allows businesses to easily access software solutions with flexible pricing and quick deployment options, streamlining procurement. The launch also includes participation in the ISV Accelerate program, which connects independent software vendors with AWS customers for faster customer acquisition. With advanced AI-powered automation and translation management, Phrase offers AWS customers fast access to localization tools, helping businesses enhance global content strategies and accelerate international growth without lengthy administrative hurdles.
6.Lenovo Accelerates ‘Smarter AI for All’ with Databricks Collaboration
Lenovo has partnered with Databricks to promote AI adoption among its customers. As a Databricks Consulting & Systems Integration (C&SI) Select Tier Partner, Lenovo will streamline data management and improve AI accessibility. Through its AI Center of Excellence (AI CoE), Lenovo will help businesses harness AI efficiently and at scale. This partnership will enhance generative AI use, data analytics, and innovation. Initially launching in the Greater China and Asia Pacific Region, Lenovo will offer comprehensive services globally. Lenovo’s CIO survey revealed that 90% view AI as transformative, yet many lack the skills to scale it. This collaboration aims to address these challenges and support AI integration.
7.Infosys and ServiceNow Expand AI Collaboration to Revolutionize Service Delivery
Infosys has expanded its strategic collaboration with ServiceNow to offer comprehensive managed services, leveraging the AI capabilities of the Now Platform and Infosys Enterprise Service Management Café (ESM Café) for business transformation. This collaboration aims to accelerate ServiceNow implementation for enterprises like First Abu Dhabi Bank (FAB) by 30-40%, providing faster time-to-value. The Infosys ESM Café, part of Infosys Cobalt, includes over 70 applications and offers AI-powered solutions to enhance service delivery and operational efficiency. This partnership highlights Infosys’s commitment to driving digital transformation and delivering exceptional business value through cutting-edge AI solutions for global clients.
Weekly Roundup: Expert Views on AI Trends
AiThority Interview with Questionnaire for Jean-Philippe Desbiolles – IBM Managing Director – Groupe Crédit Mutuel
AIThority’s Weekly Voice: From the Expert
Jean-Philippe’s role at Crédit Mutuel involves a strong partnership with IBM to drive technology transformation. Since 2016, Crédit Mutuel has invested in AI and quantum computing. Key achievements include using IBM Watson to enhance customer and advisor experiences and expanding with the IBM watsonx platform for generative AI. This partnership has freed up millions of work hours for advisors, improving client service. Ethical AI use, data privacy, and transparency are central to their approach. Crédit Mutuel also explores quantum computing for future improvements in financial services and security.
AiThority Interview with Jim Rowan, AI market activation Leader and Principal, Deloitte
Jim, a principal at Deloitte, leads the Applied AI practice. He helps clients transform their businesses using data and AI for better decisions. His work spans life sciences, healthcare, and telecommunications, focusing on large-scale AI and data projects. Deloitte aids businesses by modernizing data strategies, improving infrastructure, and aligning data with company goals. Jim highlights the importance of AI in enhancing efficiency and customer experiences through chatbots and virtual assistants. Challenges include balancing deterministic and probabilistic AI models and addressing compliance and governance issues. Deloitte also explores innovative AI applications in various industries.
Don’t Miss These Must-Read Articles of the Week
Revolutionizing Cybersecurity: Adopting a Risk-Focused Approach in the AI Era
Top Articles You Can’t Miss
Even minor vulnerabilities can lead to severe consequences if not addressed, causing legal and reputational damage. To maintain credibility and prevent breaches, a strategic approach focusing on risk identification and management is essential.AI advancement that necessitates a shift from a vulnerability-focused to a risk-centric cybersecurity strategy. Organizations should evaluate risks based on their broader impact and likelihood, integrating AI for a comprehensive view. AI platforms can aggregate data and prioritize risks by business impact, enhancing efficiency.AI also aids in communicating risks to executives with clear, quantifiable insights, fosters collaboration between security and development teams, and automates remediation. As AI reshapes cybersecurity, leveraging these tools is vital for staying ahead of threats and securing digital assets.
More than 500 AI Models Run Optimized on Intel Core Ultra Processors
Intel has announced that over 500 AI models are now optimized for its Intel Core Ultra processors, which are the leading AI PC processors in the market. This milestone highlights Intel’s significant investment in AI for client devices, optimizing AI models for enhanced performance across CPUs, GPUs, and NPUs. The models cover a wide range of AI tasks, such as image classification and language processing, available from sources like OpenVINO Model Zoo and Hugging Face. This achievement reflects Intel’s commitment to advancing AI capabilities in PCs, facilitating the development of diverse AI features, and improving overall system performance.
Humanoid Robots And Their Potential Impact On the Future of Work
The humanoid robot market, valued at $1.8 billion in 2023, is expected to surpass $13 billion in five years. Tesla’s Optimus robot and the OpenAI-Figure partnership highlight the growing interest in this field. Humanoid robots, designed to mimic human movements, are advancing from science fiction to reality. They face challenges like achieving versatile movements and integrating AI for tasks such as healthcare, education, and customer service. Innovations include improved AI for natural language and vision, enhancing robot capabilities. Future trends involve expanding applications across industries and integrating with technologies including IoT and 5G for better efficiency.
Top AI Insights: Quotes of the Week
“There are many uses for generative AI in manufacturing, ranging from keeping equipment healthy to supply chain optimization. “ –Jim Rowan, AI market activation Leader and Principal, Deloitte
“One of the most critical parts of ethical AI is maintaining the privacy and integrity of the data used forAI applications.“ –Dr. Arun Gururajan, Vice President, Research & Data Science, NetApp
This Week’s Must-Listen AI Podcast – AI Inspired Series
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A chat with Bradley Jenkins, Intel’s EMEA lead for AI PC & ISV strategies
Bradley talks about the key benefits of Intel’s Core Ultra processor range and how modern enterprises can benefit from systems powered by it.
Listen Now: AI Inspired Series by AiThority.com: Featuring Bradley Jenkins, Intel’s EMEA lead for AI PC & ISV strategies
[To share your insights with us as part of editorial or sponsored content, please write to psen@itechseries.com]
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