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