A Financial Times report reveals that employees are rapidly adopting AI tools like ChatGPT before their employers can establish proper guidelines. Nearly 25% of US workers use generative AI weekly, with usage reaching 50% in software and financial sectors. By September, less than half of organizations had implemented AI usage policies, according to a Littler … Read more
Texas-based startup RapidCanvas has developed an AI agent platform that automates up to 70% of data tasks in artificial intelligence projects. According to Shubham Sharma’s report in VentureBeat, the company recently secured $16 million in Series A funding. The platform combines AI agents with human expertise to handle data engineering and science tasks, from ingestion … Read more
Emergence AI has unveiled a new enterprise-grade autonomous multi-agent AI orchestrator designed to integrate multiple software systems across organizations. According to an article by Carl Franzen in VentureBeat, the platform enables seamless workflow automation between different vendors’ applications. The company, founded by IBM Research veterans and backed by $97 million in funding, differentiates its offering … Read more
Amazon Web Services has announced significant updates to its Q Business AI assistant platform, expanding its capabilities through new third-party integrations and workflow automation features. According to TechCrunch reporter Frederic Lardinois, the system can now connect with additional enterprise tools and perform actions across applications like Google Workspace, Microsoft 365, and Smartsheet. Q Business will … Read more
AI company Cohere has released a new enterprise search model that can process queries in over 100 languages, as reported by Michael Nuñez. The system shows significant improvements over traditional search methods, with internal testing showing 23.4% better performance than hybrid search systems in financial services applications. Using a technique called “cross-encoding,” the model can … Read more
Pinecone has introduced significant updates to its vector database platform, including a new cascading retrieval system that combines dense and sparse vector capabilities. According to an article by Sean Michael Kerner in VentureBeat, the company claims these improvements can increase enterprise AI accuracy by up to 48%. The update features new reranking technologies, including Cohere’s … Read more
Amazon Web Services (AWS) has unveiled several significant artificial intelligence developments at its re:Invent 2024 conference. The announcements focus on new hardware, software, and services designed to enhance AI capabilities for business customers. The company introduced the general availability of its Trainium2 chips, which AWS claims are four times faster than their predecessors. These chips … Read more
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 … Read more
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 … Read more
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 … Read more