Commonwealth Bank of Australia has successfully implemented AI tools that have cut customer scam losses by 50% and reduced fraud by 30%, according to a report by Harry Brumpton for Bloomberg. The bank’s AI solutions have also shortened mortgage pre-approval times to just 10 minutes and decreased call center wait times by 40%. CEO Matt …
Hugging Face has introduced SmolVLM, a new vision-language AI model that processes both images and text while using significantly less computing power than comparable solutions. As reported by Michael Nuñez, the model requires only 5.02 GB of GPU RAM, compared to competitors that need up to 13.70 GB. The system uses advanced compression technology to …
Anthropic has introduced the Model Context Protocol (MCP), an open-source standard designed to connect AI assistants with various data sources. The protocol aims to enable AI models to access information from business tools, software systems, and content repositories through a standardized interface. The company has released pre-built MCP servers for common enterprise systems including Google …
Google Cloud has launched AI Agent Space, a new ecosystem program enabling businesses to develop and deploy AI agents for task automation and process optimization. As reported by Carl Franzen for VentureBeat, this initiative positions Google alongside competitors Microsoft, SAP, and Salesforce in the enterprise AI market. The platform provides partners with development tools, engineering …
Anomalo has expanded its data quality platform to handle unstructured data monitoring for enterprise AI applications. As reported by Sean Michael Kerner for VentureBeat, the new solution aims to reduce AI deployment time by 30% through improved data quality control. The platform adds structured metadata to unstructured documents, helping organizations identify sensitive information and data …
H, a Paris-based AI startup, has launched Runner H, its first product focused on business automation and quality assurance. As reported by Ingrid Lunden for TechCrunch, the company, which previously raised $220 million in seed funding, has developed the product using a proprietary “compact” language model with just 2 billion parameters. Runner H targets three …
Israeli startup aiOla has released Whisper-NER, an open-source AI model that transcribes audio while automatically masking sensitive information. As reported by Carl Franzen for VentureBeat, the model builds upon OpenAI’s Whisper framework and combines automatic speech recognition with named entity recognition to protect private data during transcription. The tool can identify and obscure sensitive details …
Orchestrator agents are becoming essential tools for managing multiple AI agents in enterprise environments. According to an article by Emilia David in VentureBeat, these specialized agents coordinate activities between different AI bots while ensuring smooth integration with existing systems. Key features include robust integration capabilities with enterprise systems, deep understanding of business processes, and strong …
OpenText has announced major updates to its AI capabilities through Cloud Editions (CE) 24.4, Sean Michael Kerner reports. The enterprise software vendor has expanded its Aviator technology to include 15 products supported by 102 autonomous agents across its portfolio of content management, DevOps, messaging, database, and security solutions. The company has introduced a 30-day “Earn …
Business investment in generative AI reached $13.8 billion in 2024, marking a 500% increase from $2.3 billion in 2023, according to a new report from Menlo Ventures. Hayden Field reports for CNBC that OpenAI’s enterprise market share dropped from 50% to 34%, while Anthropic doubled its share to 24%. The findings, based on a survey …