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Databricks acquires Okera to address AI data governance
Big-data analytics firm Databricks Inc. said today that it has acquired Okera Inc., a data governance platform with a focus on artificial intelligence, in a bid to expand its own governance and compliance capabilities for machine learning and large language model AIs. The two companies did not disclose the terms of the deal, but Okera has ...
MosaicML launches Inference to reduce enterprise generative AI deployment costs
Generative artificial intelligence provider MosaicML Inc. today announced the launch of MosaicML Inference for enterprises, which greatly reduces the costs for developers to scale and deploy AI models for their own applications. MosaicML provides infrastructure for enterprise customers to easily and affordably deploy large scale large language models, such as underpins OpenAI LP’s ChatGPT AI ...
IBM could replace up to 7,800 jobs with AI in a few years, CEO says
As artificial intelligence is making its way into the workforce and potentially automating jobs, IBM Corp. is already talking about how that will affect the future of its workers as the company plans to pause hiring for back-office jobs that could be done by AI. In an interview with Bloomberg on Monday, IBM Chief Executive ...
GitLab and Google Cloud partner to power generative AI-assisted DevSecOps features
DevSecOps company GitLab Inc. today announced an expansion of its partnership with Google Cloud to deliver new generative artificial intelligence-powered features for developers directly within its platform while maintaining security and privacy standards. Generative AI is the technology that underlies OpenAI LP’s ChatGPT chatbot and Google Bard. It’s capable of generating new content from large ...
Algolia launches AI-powered NeuralSearch vector and keyword search API
Hosted search and discovery platform for enterprise Algolia Inc. today launched NeuralSearch, a vector and keyword search engine using a single application programming interface that provides end-to-end artificial intelligence processing for every query. Algolia NeuralSearch uses an advanced large language model, the same AI technology that OpenAI LP’s ChatGPT is built on, to learn and improve ...
Robinhood launches ‘Connect’ to allow users to fund Web3 wallets and apps
Robinhood Markets Inc., a commission-free stock trading and investing platform, Thursday introduced “Robinhood Connect,” a new feature that will allow users to fund their Web3 wallets and decentralized apps directly using their Robinhood Crypto accounts. Users of Web3 decentralized apps face a challenge when trying to get cryptocurrency tokens for their wallets and apps. Often, ...
Pinecone raises $100M as generative AI drives demand for vector database technology
New York City-based vector database company Pinecone Systems Inc. which enables long-term memory for large language model and generative artificial intelligence systems such as OpenAI LP’s GPT-4 said today that it has raised $100 million on a valuation of $750 million. Andreessen Horowitz led the Series B funding round, with participation from new investor ICONIQ ...
Legal AI-focused firm Harvey raises $21M led by Sequoia
Harvey, a generative AI startup focused on the legal profession, announced Wednesday that it has raised $21 million in funding. Sequoia Capital led the Series A funding round, which follows up a $5 million funding round in November from OpenAI LP’s startup fund, the developer of the ChatGPT AI chatbot technology. The OpenAI Startup Fund ...
PricewaterhouseCoopers announces multiyear $1B investment into generative AI
PricewaterhouseCoopers LLP announced plans today to invest $1 billion in generative artificial intelligence that will expand its offerings for clients in the U.S. to use the technology to power their businesses. As part of the investment, PwC also announced an expanded partnership with Microsoft Corp. to build on ChatGPT developer OpenAI LP’s GPT-4 AI large ...
UK regulators block Microsoft’s Activision Blizzard acquisition, citing cloud gaming concerns
The United Kingdom’s antitrust regulator, the Competition and Markets Authority, has stifled Microsoft Corp.’s deal to acquire Activision Blizzard Inc. in a dramatic move after a monthlong investigation, stating that the deal would “alter the future of the fast-growing cloud gaming market.” Microsoft announced its plans to acquire Activision Blizzard, in January last year for ...