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AI

Sedric AI raises $18.5M to expand compliance-dedicated LLM platform for finance

By Kyt Dotson Sep 6, 2024

Sedric AI, a startup that develops a dedicated compliance large language model for financial services, said Thursday it has raised $18.5 million in an early-stageA funding round led by Foundation Capital. The company’s Series…

AI

Salesforce releases AI ‘large action models’ to power autonomous agents with data and actions

By Kyt Dotson Sep 6, 2024

Salesforce Inc. today announced the open-source release of its in-house family of “large action models,” called xLAM, that it says offer lower cost and higher accuracy than much bigger artificial intelligence large language models…

Infra

From storage to strategy: Vast Data’s next-gen data platform takes center stage

By Victoria Gayton Sep 6, 2024

Vast Data Inc. has a starring role in the evolving AI ecosystem. The company, which recently partnered with Nvidia Corp. to enhance its infrastructure, has expanded beyond storage to offer a comprehensive platform that…

Cloud

Salesforce set to buy cloud data backup specialist Own Co. for $1.9B in cash

By Mike Wheatley Sep 5, 2024

Salesforce Inc. said today it will splash $1.9 billion in cash to buy a startup called Own Co., previously known as OwnBackup Ltd., which sells tools for backing up data in cloud-based applications. The…

AI

Growing demand for AI helps UiPath deliver strong revenue beat and upbeat guidance

By Mike Wheatley Sep 5, 2024

Automation software company UiPath Inc. rode on the back of growing enterprise enthusiasm for all things artificial intelligence to surpass Wall Street’s expectations for its second-quarter results today. It also raised its revenue guidance…

AI

OpenAI hits new milestone with 1M paying business users across enterprise services

By Duncan Riley Sep 5, 2024

Artificial intelligence company OpenAI has hit a new milestone, surpassing 1 million paying business users across its enterprise offerings, as the company continues to lead the rapidly growing generative AI market. According to Bloomberg,…

AI

US man raked in millions from AI-generated songs played by bots on streaming platforms

By James Farrell Sep 5, 2024

Federal prosecutors today charged a North Carolina musician who’d taken in around $10 million in royalties from his AI-generated songs that were streamed by the bots he deployed. Michael Smith, a 52-year-old real musician,…

Security

Absolute acquires Syxsense to expand automated endpoint security

By Duncan Riley Sep 5, 2024

Cybersecurity firm Absolute Software Corp. announced today that it has acquired Syxsense Inc., the developer of a unified security and endpoint management suite, for an undisclosed price. Founded in 2012, Syxsense specializes in providing automated…

Infra

Broadcom’s stock falls on weak outlook, despite strong AI chip sales and VMware bookings

By Mike Wheatley Sep 5, 2024

Shares of Broadcom Inc. traded lower following the closing bell today, after the chipmaker reported quarterly financial results that swung to a loss and offered guidance that fell short of expectations. The company may have…

Cloud

Laravel raises $57M to expand team and support open-source development

By Duncan Riley Sep 5, 2024

Laravel Holdings Inc., the company behind the open-source Laravel PHP web application framework, announced today that it has raised $57 million in new funding from Accel Partners LP to support open-source development and its…

the latest

Sedric AI raises $18.5M to expand compliance-dedicated LLM platform for finance

Salesforce releases AI ‘large action models’ to power autonomous agents with data and actions

Growing demand for AI helps UiPath deliver strong revenue beat and upbeat guidance

OpenAI hits new milestone with 1M paying business users across enterprise services

US man raked in millions from AI-generated songs played by bots on streaming platforms

Absolute acquires Syxsense to expand automated endpoint security

Broadcom’s stock falls on weak outlook, despite strong AI chip sales and VMware bookings

Laravel raises $57M to expand team and support open-source development

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