Daily AI Roundup: Biggest Machine Learning, Robotic And Automation Updates 5th July 2023
This is our AI Daily Roundup . We are covering the top updates from around the world. The updates will feature state-of-the-art capabilities in artificial intelligence (AI), Machine Learning, Robotic Process Automation, Fintech, and human-system interactions. We cover the role of AI Daily Roundup and its application in various industries and daily lives.
Confluence Unveils AI Strategy to Deliver Real Impact for the Investment Management Industry
Confluence Technologies, a global technology solutions provider to the investment management industry, announced the first development out of its innovation lab that leverages AI technology to solve complex industry problems.
Inflection AI Announces $1.3 Billion of Funding Led by Current Investors, Microsoft, and NVIDIA
Inflection AI announced that the company has raised $1.3 billion in a fresh round of funding led by Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, and new investor NVIDIA. The new funding brings the total raised by the company to $1.525 billion.
Runway Announces $141 Million in Funding to Expand Multi-Modal AI Research and Product Deployment
Runway, an applied AI research company building the next generation of creative tools, announced it has raised a $141 million extension to its Series C from Google, NVIDIA, Salesforce Ventures, and existing investors, among others. The company will leverage this new financing to further scale in-house research efforts, expand its world-class team, and continue to bring state-of-the-art multi-modal AI systems to market, while building groundbreaking and intuitive product experiences.
Snowflake , the Data Cloud company, announced at its annual user conference, Snowflake Summit 2023, new innovations that extend data programmability for data scientists, data engineers, and application developers so they can build faster and more efficiently in the Data Cloud. With the launch of Snowpark Container Services (private preview), Snowflake is expanding the scope of Snowpark so developers can unlock broader infrastructure options such as accelerated computing with NVIDIA GPUs and AI software to run more workloads within Snowflake’s secure and governed platform without complexity, including a wider range of AI and machine learning (ML) models, APIs, internally-developed applications, and more. Using Snowpark Container Services, Snowflake customers also get access to an expansive catalog of third-party software and apps including large language models (LLMs), Notebooks, MLOps tools, and more within their account. In addition, Snowflake is simplifying and scaling how users develop, operationalize, and consume ML models, unveiling new innovations so more organizations can bring their data and ML models to life. These advancements include a set of new Snowpark ML APIs for more efficient model development (public preview), a Snowpark Model Registry (private preview) for scalable MLOps, Streamlit in Snowflake (public preview soon) to turn models into interactive apps, and advanced streaming capabilities.
Immuta Unveils Platform Updates to Simplify Data Security and Monitoring in Snowflake
Immuta, a data security leader, announced at Snowflake’s annual user conference, Snowflake Summit 2023, the launch of its latest platform enhancements to deliver simplified data security and monitoring in Snowflake so that joint customers can unlock more value, reduce costs, and speed up innovation. These new features include strengthened data mesh support, enhanced security for AI workloads in Snowpark, and advanced Data Security Posture Management (DSPM).
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