AI Daily Roundup starts today! We are covering the top updates from around the world. The updates will feature state-of-the-art capabilities in Artificial Intelligence, Machine Learning, Robotic Process Automation, Fintech, and human-system interactions. We will cover the role of AI Daily Roundup and its application in various industries and daily lives.
Kong Raises $100 Million to Accelerate Cloud Connectivity
Kong Inc., the cloud connectivity company, announced it has closed $100 million in Series D funding, led by Tiger Global Management with participation from existing investors Index Ventures, CRV, GGV Capital and Andreessen Horowitz as well as new investor Goldman Sachs. This latest round brings Kong’s total funding to $171 million, tripling its valuation to $1.4 billion since the Series C round. Kong will use the capital to scale its go-to-market operations, grow world-class Engineering and Customer Experience teams, and accelerate cloud connectivity with its new SaaS-based Kong Konnect service connectivity platform.
IBM and Palantir Partner to Help Businesses Easily Deploy Powerful and Open AI Applications; Unlock Valuable Data Across Hybrid Cloud Environments
IBM and Palantir Technologies announced a new partnership consisting of IBM’s hybrid cloud data platform designed to deliver AI for business, with Palantir’s next generation operations platform for building applications. The product is expected to simplify how businesses build and deploy AI-infused applications with IBM Watson and help users access, analyze, and take action on the vast amounts of data that is scattered across hybrid cloud environments – without the need for deep technical skills. The new product, Palantir for IBM Cloud Pak for Data, is planned for general availability in March of 2021.
Schneider Electric Updates EcoStruxure Specifier Tool With New UPS and Reference Designs to Help Partners Streamline Tenders and Project Delivery
Schneider Electric, the leader in digital transformation of energy management and automation, has announced updates to its EcoStruxure Specifier Tool, adding single and three-phase uninterruptible power supply (UPS) technologies that enable partners, including electrical specifiers, contractors, IT solutions providers and VARs, to quickly specify projects and complete tenders. The free online tool now includes the recently announced Schneider Electric Easy-UPS range, Galaxy family, and Smart-UPS with Lithium-ion batteries, enabling consultants and engineers to specify UPS requirements from 1-1500kVA rating with advanced and innovative features such as efficiency, modularity, battery type, architecture, and redundancy.
HCL Technologies Marks $10 Billion Revenue Milestone, Thanks Employees Worldwide with Special Bonus
HCL Technologies, a leading global technology company, announced that in recognition of its recent milestone, crossing the $10 Bilion mark in Revenue for 2020, it is issuing a one-time special bonus to employees around the world. Achieving this historic milestone in technology, business and engineering services and software – just twenty years since HCL Technologies’ IPO – is a testament to the passionate efforts and consistent achievements of its employees, many long term, deep relationships with leading companies across all industries and a leading network of partners and stakeholders. In celebration and gratitude all employees with one year of service or greater will receive a bonus, the equivalent of ten days’ salary.
Businesses Migrating Legacy SAP Business Suite to SAP S/4HANA Emerge More Agile, Efficient
Overwhelmed by pandemic-induced lockdown demands, such as supporting work-from-home employees, remaining competitive and complying with data privacy regulations, many IT leaders put SAP migration on the back burner to secure more immediate needs to “keep the lights on.” However, with the new normal, IT leaders are again focusing on the importance of the infrastructure that supports and protects a SAP environment. By including SAP in its overall cloud strategy, businesses can achieve greater agility and scalability, simplified deployment and development, access to next-generation services, and the cost-efficiencies inherent in migrating to the cloud.
