A study by AI at Wharton and GBK Collective found that generative AI adoption has rapidly increased among American businesses, with weekly usage by leaders doubling from 37% to 72% in the past year. The research, which surveyed over 800 enterprise decision-makers, also revealed a 130% surge in AI spending since 2023, with more than …
New York-based AI startup Hugging Face is teaming up with Amazon and Google to launch new open-source software aimed at lowering the cost of developing chatbots and other AI systems, Stephen Nellis reports for Reuters. The offering, called “HUGS” (Hugging Face for Generative AI Services), automates the implementation of AI models and will be available …
AI company Cohere has added multimodal capabilities to its Embed 3 embedding model, allowing images to be included in RAG-based company searches. This is reported by Emilia David for VentureBeat. The new version can create embeddings for both images and text, with both formats stored in a unified database. According to Cohere, this allows companies …
Open source AI models are increasingly winning out over closed systems like GPT-4 in the enterprise. This is what Matt Marshall reports for VentureBeat after numerous conversations with executives. The open models, such as Metas Llama, have now reached comparable quality and offer enterprises more control, customization, and cost efficiency. Major technology vendors such as …
Asana, a work management platform, has introduced AI Studio, a new feature for creating AI agents for workflow management. As Alex Hood, Chief Product Officer at Asana, explained to VentureBeat, users can now integrate multiple custom AI agents directly into their workflows without any coding knowledge. The aim is to relieve employees of routine tasks, …
Startup CrewAI is launching “CrewAI Enterprise,” a new platform that allows companies to create and deploy teams of AI agents. As founder João Moura told VentureBeat, the system greatly simplifies the creation and deployment of multi-agent systems. The platform is based on CrewAI’s popular open source framework and allows users to develop AI agents with …
Appen’s 2024 State of AI Report reveals that while generative AI adoption has surged by 17%, companies face significant challenges in data quality and management, VentureBeat writes. The report, based on a survey of over 500 U.S. IT decision-makers, indicates a 10% increase in bottlenecks related to data sourcing, cleaning, and labeling. As AI models …
Microsoft unveils new autonomous AI agents for its Dynamics 365 business applications, Todd Bishop reports for GeekWire. These agents are designed to autonomously complete tasks and oversee business processes. The announcement came during Microsoft’s “AI Tour” stop in London. Microsoft describes the agents as functioning like new apps in an AI-powered world, working on behalf …
IBM has launched its Granite 3.0 large language models (LLMs), expanding its enterprise AI offerings, Sean Michael Kerner reports for VentureBeat. The new open-source models, available under the Apache 2.0 license, are designed for various enterprise applications, including customer service, IT automation, and cybersecurity. IBM claims the models outperform competitors like Google and Anthropic, having …
H2O.ai has unveiled two new vision-language models, H2OVL Mississippi-2B and H2OVL Mississippi-0.8B, aimed at enhancing document analysis and optical character recognition (OCR) tasks. Despite their smaller size, these models demonstrate competitive performance against larger models from major tech companies, with the 0.8B model excelling in the OCRBench Text Recognition task. CEO Sri Ambati emphasized that …