AI - AI-Tech Park https://ai-techpark.com AI, ML, IoT, Cybersecurity News & Trend Analysis, Interviews Fri, 30 Aug 2024 08:08:44 +0000 en-US hourly 1 https://wordpress.org/?v=5.4.16 https://ai-techpark.com/wp-content/uploads/2017/11/cropped-ai_fav-32x32.png AI - AI-Tech Park https://ai-techpark.com 32 32 Codeium Reaches $1.25B Valuation with $150M Series C Funding https://ai-techpark.com/codeium-reaches-1-25b-valuation-with-150m-series-c-funding/ Fri, 30 Aug 2024 09:00:00 +0000 https://ai-techpark.com/?p=178170 Codeium offers a generative AI-powered coding platform that leverages proprietary code-biased Large Language Models (LLMs) to reduce inefficiencies in software development and maximize developer productivity The company has secured $150M in Series C funding led by General Catalyst, with continued support from Kleiner Perkins and Greenoaks, bringing total funding to...

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  • Codeium offers a generative AI-powered coding platform that leverages proprietary code-biased Large Language Models (LLMs) to reduce inefficiencies in software development and maximize developer productivity
  • The company has secured $150M in Series C funding led by General Catalyst, with continued support from Kleiner Perkins and Greenoaks, bringing total funding to $243M and pushing its valuation to $1.25 billion.
  • Today, Codeium, an AI-powered code acceleration platform, announced it has secured $150 million in Series C funding, raising the company’s valuation to $1.25 billion and bringing the startup to Unicorn status in less than two years from inception. The round was led by General Catalyst, with continued support from existing investors Kleiner Perkins and Greenoaks.

    Every historical technological advancement has led to a steep change in developer possibility. AI is no different. Teams that leverage AI to empower their software development are going to build more, build faster and with higher quality. AI tools often promise help but fall short, offering fragmented, subpar support that complicates rather than simplifies work. Codeium breaks this pattern, delivering an AI-powered platform that transforms how developers work on complex codebases by making coding faster, smarter, and more intuitive.

    “The future of coding isn’t just about writing lines of code faster—it’s about enabling developers to think bigger, push boundaries, and achieve the extraordinary,” said Varun Mohan, CEO of Codeium. “This fresh funding means we’re more equipped to help developers turn those ‘what ifs’ into ‘what’s next,’ having the freedom to innovate without limits and turn challenges into opportunities for growth.”

    With actionable learnings and requests from its large and rapidly expanding set of enterprise customers, Codeium will use the fresh funds to accelerate the development of new features and products, and contribute to company headcount growth. Codeium plans to invest heavily in research and development, partnering with its customers to maximize their AI strategy, and exploring new strategic partnerships that can broaden its reach and impact.

    This comes on the heels of the company’s latest launch of technological breakthroughs, including Cortex, an advanced AI-powered reasoning engine that manages complex coding tasks with exceptional precision, and Forge, an AI-assisted code review that reduces code review cycle times and improves code review culture.

    “Codeium isn’t just an idea—it’s a fully scaling business with widespread enterprise adoption. Their genAI tools for software development are proving their worth in real production environments, where reliability is key,” said Quentin Clark, Managing Director of General Catalyst. “As we see it, Codeium’s customer-driven approach has led to solutions that work in any environment, IDE, or SCM, with broader language support than anyone else.”

    The news comes at a pivotal time for the company and follows a period of rapid growth for Codeium. Over the past two years, the company has assembled a team of 80 professionals and grown its user base to more than 700,000 active developers. The enterprise product reached eight figures in annual recurring revenue, with ARR growing by over 500% since early 2024. Codeium now processes more than 100 billion tokens daily, and has been integrated into production workflows at companies like Zillow, Dell, and Anduril, significantly boosting productivity.

    For more information and to request a demo, visit https://codeium.com/

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    atNorth Announce Operations Director for Finland https://ai-techpark.com/atnorth-announce-operations-director-for-finland/ Fri, 30 Aug 2024 08:30:00 +0000 https://ai-techpark.com/?p=178164 Taina Ahti-Aalto joins atNorth to lead the operations team across new and existing facilities in Finland.  atNorth, the leading Nordic colocation, high-performance computing, and artificial intelligence service provider, has announced the appointment of Taina Ahti-Aalto as Operations Director for Finland. Taina possesses a strong track record in leadership and business development in the critical...

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    Taina Ahti-Aalto joins atNorth to lead the operations team across new and existing facilities in Finland.

     atNorth, the leading Nordic colocation, high-performance computing, and artificial intelligence service provider, has announced the appointment of Taina Ahti-Aalto as Operations Director for Finland.

    Taina possesses a strong track record in leadership and business development in the critical infrastructure sector in addition to extensive experience in driving companies towards operational excellence through building collaborative and high performing teams. Her key responsibilities will be to lead atNorth’s operations team across new and existing facilities and to ensure atNorth’s Finnish facilities continue to align with industry best practices and evolving customer requirements.

    atNorth is rapidly expanding its operations in Finland as part of its Nordic growth plans.  The strategy enables atNorth to meet the growing demand from hyperscalers and other data driven enterprises for sustainable high performance infrastructure and technical excellence.  The company currently operates two data centers in Finland, and has a further two sites under construction; FIN02, a metro site in Espoo (Helsinki) and FIN04, a mega site in Kouvola.

    “Taina’s proven results in the data center industry make her ideally suited to scale our operations in Finland,” says Erling Guðmundsson, Chief Operations Officer at atNorth. “Her commitment to company values and culture is essential as we continue to grow our team and foster a cohesive forward-thinking working environment. We’re very excited to have Taina join our team.”

    Taina has spent 20 years in the tech industry, most recently leading data center operations at PCBI as a Unit Director of Services and prior to this as a founding member and Country Manager for Nordic Critical Infrastructure company, Coromatic. Taina’s extensive industry knowledge coupled with her experience in ISO standardization and customer focused approach, makes her uniquely positioned to lead atNorth’s operations team in the Finnish market.

    “There is huge opportunity in Finland for the data center industry and it is my privilege to be part of atNorth as it continues its expansion in the country,” says Taina Ahti-Aalto. “atNorth’s consistent commitment to sustainability, employee culture and client relationships gives them a highly competitive edge and I’m delighted to be part of their future journey.”

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    Saviynt Named an Innovation Leader in IGA Leadership Compass Report https://ai-techpark.com/saviynt-named-an-innovation-leader-in-iga-leadership-compass-report/ Fri, 30 Aug 2024 08:00:00 +0000 https://ai-techpark.com/?p=178158 The Identity Cloud receives the highest ratings in Security, Functionality, Deployment, Interoperability, and Usability Saviynt, a leading provider of cloud-native identity and governance platform solutions, today announced it was recognized as a leader in the 2024 KuppingerCole Identity Governance and Administration (IGA) Leadership Compass. Saviynt’s Identity Cloud IGA capabilities were recognized as industry-leading...

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    The Identity Cloud receives the highest ratings in Security, Functionality, Deployment, Interoperability, and Usability

    Saviynt, a leading provider of cloud-native identity and governance platform solutions, today announced it was recognized as a leader in the 2024 KuppingerCole Identity Governance and Administration (IGA) Leadership Compass. Saviynt’s Identity Cloud IGA capabilities were recognized as industry-leading in all four categories: Overall, Product, Innovation, and Market. It also received the highest ratings for Security, Functionality, Deployment, Interoperability, and Usability.

    “Saviynt emerges as a leader in the innovation leadership category because of their continuous investment in the emerging capabilities of IGA solutions,” said Nitish Deshpande, Research Analyst at KuppingerCole. “Saviynt’s strong lineup of IGA includes privileged access management (PAM), application access governance, External Identity and Risk Management, and data access governance through its Identity Cloud platform.”

    The KuppingerCole IGA Leadership Compass highlights Saviynt’s Identity Cloud multitenant microservices architecture with shared control plane and isolated data planes that provide scalability, and at the same time offers the highest level of security. It is built on a containerized model to automatically scale up and down based on the usage of a microservice. The Identity Cloud also has a modern and user-friendly user interface (UI) dashboard that can be customized from a simplified view for line managers to more detailed views for analysts and application owners displaying different aspects of access, activity, and vulnerability risk.

    The report also features the following strengths of The Identity Cloud:

    • Automatically identifies and creates AI and machine learning models rather than needing admins to configure or tune these models.
    • Dedicated tool for persona-based activity monitoring.
    • Rich set of connectors provided through its establish options.
    • Supports out-of-the-box reports for all major compliance frameworks.
    • Extensive list of authenticators supported for admin and user self service.
    • Access certifications driven by AI and machine learning.
    • Supports out-of-the box integrations to the majority of the third-party tools.
    • Global partner ecosystem that allows it to support customers from all verticals.

    “Strong IGA programs are mission critical for any organization to protect critical data,” said Jeff Margolies, Chief Product and Strategy Officer at Saviynt. “Saviynt’s Identity Cloud is intelligent, flexible and extensible with the ability to govern all identities: internal, external, human, and machine. The Identity Cloud meets the needs of organizations looking to modernize their identity security programs. It is an honor to be recognized as one of the top IGA providers when evaluated against the global IGA vendor market.”

    The KuppingerCole IGA Leadership Compass provides an overview of the IGA market and a compass to help organizations find a solution that best meets their needs. It examines solutions that provide both identity lifecycle management and access governance capabilities. Each solution has been assessed based on certain defined required core capabilities that can support organizations in activities such as provisioning, management of entitlements, configuration, and enforcement of policies, access certifications, access reviews, and user self-service among others. The report provides an assessment of the capabilities of these solutions to meet the needs of all organizations to monitor, assess and manage these risks.

    To learn more about Saviynt’s leadership within KuppingerCole’s IGA Leadership Compass, please view the report here.

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    APMIC Expands into US Market, Bringing Global Enterprise AI Solution https://ai-techpark.com/apmic-expands-into-us-market-bringing-global-enterprise-ai-solution/ Fri, 30 Aug 2024 07:48:00 +0000 https://ai-techpark.com/?p=178154 As the only Taiwanese LLM vendor endorsed by NVIDIA, APMIC aims to make AI accessible to all  Fueled by the generative AI wave sparked by ChatGPT, APMIC—a leading provider of enterprise-grade AI solutions and the only Taiwanese independent software vendor (ISV) recognized by NVIDIA—today announced its official entry into the...

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    As the only Taiwanese LLM vendor endorsed by NVIDIA, APMIC aims to make AI accessible to all

     Fueled by the generative AI wave sparked by ChatGPT, APMIC—a leading provider of enterprise-grade AI solutions and the only Taiwanese independent software vendor (ISV) recognized by NVIDIA—today announced its official entry into the U.S. market with the launch of its acclaimed large language model, “CaiGunn” in North America. APMIC is committed to driving global AI transformation, empowering companies to develop their own AI capabilities, and enabling everyone to seamlessly join the AI revolution.

    APMIC, the Only Taiwanese Company Recognized by Tech Giants NVIDIA and Google, Brings Its MIT AI Expertise to the U.S. Market

    Founded in 2017 by Jerry Wu, a Google Developer Expert in machine learning, and a team of AI enthusiasts, APMIC specializes in natural language understanding (NLU). Its enterprise-grade AI solutions are designed to create customized AI digital brains for businesses. With these solutions, employees can interact with AI naturally and conversationally, empowering them to leverage AI for tasks such as customer service, text analysis, and document review. APMIC’s solutions have earned accolades from global tech giants.

    With seven years of innovation, APMIC has been recognized by NVIDIA as an exclusive generative AI independent software vendor (ISV) strategic partner and has been the only Taiwanese team featured by Google in its machine learning case studies. Jerry Wu, Founder and CEO of APMIC, stated, “Our large language model processes millions of AI interactions each month, providing us with deep insights into the challenges businesses face during AI transformation. We believe that broad internal adoption of AI—without requiring programming or data processing skills—is essential for businesses to thrive in the AI revolution. APMIC is excited to announce our expansion into the U.S. market. Our goal is to showcase Taiwan’s AI capabilities on the global stage and empower employees worldwide to harness the power of AI, driving the global AI transformation.”

    Localized LLM “CaiGunn” Boosts Enterprise Service Efficiency by 30%; APMIC Joins Forces with Ecosystem Partners for Global Expansion

    According to P&S Intelligence, the global market for natural language understanding was valued at $18.9 billion in 2024 and is projected to reach $80.3 billion by 2030, growing at a CAGR of 27.2%. The North American market is expected to be a significant driver of this demand. Recognizing the growing need for AI technologies, particularly natural language understanding, APMIC foresees a trend of enterprises deploying LLMs on-premises. To meet this demand, APMIC has partnered with Dell, HPE, and NVIDIA to integrate its AI server with the “CaiGunn” model, creating a robust ecosystem for AI deployment.

    As a member of NVIDIA’s Inception program, APMIC showcased “CaiGunn” at NVIDIA GTC 2024, making it one of only two Taiwanese startups selected to participate in the Startup Pitches. As a leader in natural language understanding, APMIC, backed by NVIDIA and its extensive global network, is expanding into the U.S. market to help enterprises worldwide build their own large language models.

    “CaiGunn” named after the Taiwanese Hokkien word for “chat,” is a localized large language model and platform framework developed by APMIC’s team in Taiwan. It enables employees to create intelligent, contextually relevant AI solutions simply by uploading existing documents, websites, or data—without the need for programming. “CaiGunn” has been adopted by over 800 organizations across various sectors, including healthcare, manufacturing, finance, and retail. Notable clients include Google, Taipei City Government, and CTBC Bank, with implementations demonstrating a 30% improvement in service efficiency.

    In 2023, “CaiGunn” made history as the only Taiwanese model ranked among the top 100 on Hugging Face. This year, APMIC introduced “CaiGunn-TAME”, a cutting-edge traditional Chinese LLM tailored for Taiwanese users. Powered by NVIDIA’s NIMs and enhanced by CaiGunn’s C-RAG, this model offers rapid scaling and a deeper understanding of Taiwanese language and culture.

    APMIC secured $1 million in Pre-A funding in March this year and plans to launch a new fundraising round in September. These funds will be used to further expand its overseas market, strengthen the development of its LLMs, attract top talent, and scale its operations.

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    Innovaccer Provider Copilot Available on Oracle Healthcare Marketplace https://ai-techpark.com/innovaccer-provider-copilot-available-on-oracle-healthcare-marketplace/ Thu, 29 Aug 2024 15:45:00 +0000 https://ai-techpark.com/?p=178114 The Innovaccer copilot will be deployed on Oracle Cloud Infrastructure to automate clinical documentation, generate potential diagnoses, and identify quality and coding gaps at the point of care Innovaccer Inc., a leading provider of healthcare AI solutions and a member of Oracle Partner Network (OPN), today announced that its Provider Copilot...

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    The Innovaccer copilot will be deployed on Oracle Cloud Infrastructure to automate clinical documentation, generate potential diagnoses, and identify quality and coding gaps at the point of care

    Innovaccer Inc., a leading provider of healthcare AI solutions and a member of Oracle Partner Network (OPN), today announced that its Provider Copilot is available on the Oracle Healthcare Marketplace and can be deployed on Oracle Cloud Infrastructure (OCI). The Oracle Healthcare Marketplace is a centralized repository of healthcare applications offered by Oracle and Oracle partners.

    The deployment empowers healthcare providers to transfer AI-generated clinical notes into the patient record and address quality and coding gaps to improve care delivery. The Innovaccer Provider Copilot acts as a point-of-care assistant that helps reduce manual administrative work for healthcare providers:

    • Transcribes, analyzes, and generates clinical notes of the conversations between healthcare providers and patients.
    • Suggests potential diagnoses to consider based on the clinical notes, as well as select health data available in the Innovaccer healthcare data platform.
    • Summarizes the patient record prior to the patient visit, ensuring quick review with appropriate clinical context.
    • Flags quality and documentation gaps for providers participating in value-based care programs improving care delivery and more appropriate coding.
    • Overlays insights directly on the Cerner EHR with zero click activation.

    The Innovaccer Provider Copilot improves the overall provider experience by reducing the administrative burden of clinical documentation. The solution enables healthcare providers to capture essential information during patient encounters, allowing them to prioritize their patients. Providers on the Oracle Cloud can access and benefit from the transformative power of AI at the point of care through its marketplace listing.

    Oracle Healthcare Marketplace is a one-stop shop for Oracle customers seeking trusted healthcare applications. It offers unique clinical and business solutions that extend Oracle Health and Oracle Cloud Applications.

    “Our Provider Copilot allows providers to spend more time with their patients by automating their clinical documentation workflows. Quality care takes time – time that shouldn’t be spent on administrative tasks. By reducing the burden of documentation and allowing patients to spend more quality time with their patients, we are helping providers rediscover the joy of care,” said Abhinav Shashank, cofounder and CEO of Innovaccer. “Innovaccer’s participation in the Oracle Healthcare Marketplace further extends our commitment to the Oracle community and enables customers to reap the benefits of the Provider Copilot in their native EHR workflow. We look forward to leveraging the power of the Oracle Cloud and Oracle Health technologies to help us achieve our business goals.”

    Innovaccer’s AI-powered Provider Copilot is also available on athenahealth’s Marketplace, further validating our dedication to improving healthcare delivery through advanced technology.

    To learn more about the Innovaccer Provider Copilot and its capabilities, visit the Innovaccer product listing on the Oracle Healthcare Marketplace. For details and support on implementation, please reach out to the Innovaccer support team.

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    Noetik Secures $40 Million Series A Financing https://ai-techpark.com/noetik-secures-40-million-series-a-financing/ Thu, 29 Aug 2024 15:00:00 +0000 https://ai-techpark.com/?p=178104 Noetik, an AI-native biotech company leveraging self-supervised machine learning and high-throughput spatial data to develop next-generation cancer therapeutics, announced today that it closed an oversubscribed $40 million Series A financing round. The financing was led by Polaris Partners and managing partner Amy Schulman, who will join the board of directors,...

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    Noetik, an AI-native biotech company leveraging self-supervised machine learning and high-throughput spatial data to develop next-generation cancer therapeutics, announced today that it closed an oversubscribed $40 million Series A financing round.

    The financing was led by Polaris Partners and managing partner Amy Schulman, who will join the board of directors, with participation from new investors Khosla Ventures, Wittington Ventures and Breakout Ventures. The round was supported by all existing investors DCVC, Zetta Venture Partners, Catalio Capital Management, 11.2 Capital, Epic Ventures, Intermountain Ventures and North South Ventures. The round also included AI funds ApSTAT Technologies, Linearis Labs and Ventures Fund, supported by leading AI expert Yoshua Bengio and metabolomic expert David Wishart, Element AI co-founder Jean-Francois Gagne, and current and former Recursion executives.

    Funds from the Series A financing will be used to expand Noetik’s spatial omics-based atlas of human cancer biology (already one of the world’s largest) together with its high throughput in vivo CRISPR Perturb-Map platform. Additionally, the investment will enable the company to scale training of its multi-modal cancer foundation models such as OCTO. The company will leverage these platform capabilities to advance an innovative pipeline of cancer therapeutics candidates to the clinic.

    “We are thrilled to have the support of incredible investors who share our vision of combining deep patient data and artificial intelligence to build the future of cancer therapeutics. This significant financing will enable us to accelerate our progress toward turning biological insights into a portfolio of therapeutic candidates” said Ron Alfa, M.D., Ph.D., CEO & Co-Founder, Noetik.

    Noetik was founded to solve critically important challenges in bringing effective new therapeutics to patients: improving target discovery and biomarker development to increase the probability of clinical success. To address these, the company has built a discovery and development platform that pairs human multimodal spatial omics data purpose-built for machine learning with a massively multiplexed in vivo CRISPR perturbation platform (Perturb-Map). Together these data are used to train self-supervised foundation models of tissue and tumor biology that power the company’s discovery efforts.

    “We are excited to partner with Noetik and support their mission to build a pipeline of potentially transformative cancer programs,” said Amy Schulman, Managing Partner, Polaris Partners. “We have been investing in the most innovative life science technologies for decades and have been excited about the potential of AI. Noetik impressed us both with the sophistication of their platform and the team’s dedication to make an impact for patients.”

    The company aims to establish strategic partnerships and collaborations with leading academic institutions, health care providers, and pharmaceutical companies. The company recently appointed Shafique Virani, M.D. as the company’s Chief Business Officer to spearhead these partnering efforts.

    “We are thrilled to continue backing Noetik. The team’s speed of execution in building one of the most sophisticated AI-enabled oncology discovery engines in less than two years is unprecedented, and their deep experience and demonstrable progress have only strengthened our conviction,” said James Hardiman, General Partner, DCVC.

    Noetik is committed to advancing the field of precision oncology and improving outcomes for cancer patients worldwide. This Series A funding marks a significant milestone in the company’s journey and reinforces its position as a leader in the development of AI-driven cancer therapies.

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    Ontrak Health and MosaicVoice announced partnership https://ai-techpark.com/ontrak-health-and-mosaicvoice-announced-partnership/ Thu, 29 Aug 2024 14:45:00 +0000 https://ai-techpark.com/?p=178100 Ontrak, Inc. (NASDAQ: OTRK), a leading AI-powered and technology-enabled behavioral healthcare company, announced it has partnered with MosaicVoice, a pioneer in AI-powered voice technology, to transform healthcare delivery and patient outcomes for Ontrak and its members. The strategic partnership aims to create a more connected, intelligent, and patient-centric healthcare ecosystem...

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    Ontrak, Inc. (NASDAQ: OTRK), a leading AI-powered and technology-enabled behavioral healthcare company, announced it has partnered with MosaicVoice, a pioneer in AI-powered voice technology, to transform healthcare delivery and patient outcomes for Ontrak and its members. The strategic partnership aims to create a more connected, intelligent, and patient-centric healthcare ecosystem by integrating advanced voice and AI technologies.

    “By partnering with MosaicVoice, we are combining the best in AI-driven engagement with our expertise in healthcare to deliver more effective and efficient care,” said Brianna Brennan, Chief Innovation Officer at Ontrak Health. “This collaboration promotes a scalable and elevated patient experience that is intended to improve health outcomes. Incorporating this technology into our ecosystem further enables consistent delivery of our evidence-based model built upon the Comprehensive Healthcare Integration (CHI) framework.”

    MosaicVoice’s AI technology offers real-time, dynamic guidance and conversation analysis, helping care teams maintain meaningful and compliant patient interactions. The solution actively listens to conversations, ensures adherence to care delivery protocols, and guides care teams with prompts that enhance patient engagement. This technology can detect patient sentiment, surface care opportunities, and provide immediate feedback to support care providers.

    The partnership will leverage MosaicVoice’s advanced features, including:

    • Real-Time, Dynamic AI Guidance: Ensures all patient interactions are compliant and on-message while allowing personalized rapport building.
    • Post-Call Quality Assurance Automation: Uses AI to score 100% of interactions, identify care drivers, and automate call summaries, allowing care teams to focus on critical patient needs.
    • Performance Insights and Reporting: Offers customizable reporting to track engagement metrics, identify trends, and optimize care delivery based on real-time data.

    “Combining our AI-driven voice solutions with Ontrak Health’s comprehensive behavioral health program platform will set a new standard for patient engagement,” said Julian McCarty, CEO of MosaicVoice. “Together, we’re driving a more proactive, responsive, and efficient approach to healthcare.”

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    FOMO Drives AI Adoption in 60% of Businesses, but Raises Trust Issues https://ai-techpark.com/fomo-drives-ai-adoption-in-60-of-businesses-but-raises-trust-issues/ Thu, 29 Aug 2024 14:15:00 +0000 https://ai-techpark.com/?p=178093 Fear of Missing Out (FOMO) a key driver for AI uptake – even as trust in AI is high Trust in AI is highest in the US at 87%, while France lags at 77% Purpose-built AI considered the most trustworthy type of AI at 90% A new survey from intelligent...

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  • Fear of Missing Out (FOMO) a key driver for AI uptake – even as trust in AI is high
  • Trust in AI is highest in the US at 87%, while France lags at 77%
  • Purpose-built AI considered the most trustworthy type of AI at 90%
  • A new survey from intelligent automation company ABBYY finds that fear of missing out (FOMO) plays a big factor in artificial intelligence (AI) investment, with 63% of global IT leaders reporting they are worried their company will be left behind if they don’t use it.

    With fears of being left behind so prevalent, it is no surprise that IT decision makers from the US, UK, France, Germany, Singapore, and Australia reported that average investment in AI exceeded $879,000 in the last year despite a third (33%) of business leaders having concerns about implementation costs. Almost all (96%) respondents in the ABBYY State of Intelligent Automation Report: AI Trust Barometer said they also plan to increase investment in AI in the next year, although Gartner predicts that by 2025, growth in 90% of enterprise deployments of GenAI will slow as costs exceed value.

    Furthermore, over half (55%) of business leaders admitted that another key driver for use of AI was pressure from customers.

    Surprisingly, the survey revealed another fear for IT leaders implementing AI was misuse by their own staff (35%). This came ahead of concerns about costs (33%), AI hallucinations and lack of expertise (both 32%), and even compliance risk (29%).

    Overall, respondents reported an overwhelmingly high level of trust in AI tools (84%). The most trustworthy according to decision makers were small language models (SLMs) or purpose-built AI (90%). More than half (54%) said they were already using purpose-built AI tools, such as intelligent document processing (IDP).

    Maxime Vermeir, Senior Director of AI Strategy at ABBYY, commented, “It’s no surprise to me that organizations have more trust in small language models due to the tendency of LLMs to hallucinate and provide inaccurate and possibly harmful outcomes. We’re seeing more business leaders moving to SLMs to better address their specific business needs, enabling more trustworthy results.”

    When asked about trust and ethical use of AI, an overwhelming majority (91%) of respondents are confident their company is following all government regulations. Yet only 56% say they have their own trustworthy AI policies, while 43% are seeking guidance from a consultant or non-profit. Half (50%) said they would feel more confident knowing their company had a responsible AI policy, while having software tools that can detect and monitor AI compliance was also cited as a confidence booster (48%).

    On a regional basis, levels of trust were highest among US respondents, with 87% saying they trust AI; Singapore came next at 86% followed by the UK and Australia, both 85%, then Germany at 83%. Lagging was France, with just 77% of respondents indicating they trust AI.

    The ABBYY State of Intelligent Automation Report gauged the level of trust and adoption of AI technologies across 1,200 IT decision makers in the UK, US, France, Germany, Australia and Singapore. The study was carried out June 3-12, 2024. Download the full report for additional details at https://digital.abbyy.com/state-of-intelligent-automation-ai-trust-barometer-2024-report-download.

    The results of the AI Trust Barometer survey and other topics about the impact of AI-powered automation will be discussed during Intelligent Automation Month; register today at https://www.abbyy.com/intelligent-automation-month/.

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    Adastra Awarded Major Recognition by AWS for Generative AI Excellence https://ai-techpark.com/adastra-awarded-major-recognition-by-aws-for-generative-ai-excellence/ Thu, 29 Aug 2024 14:00:00 +0000 https://ai-techpark.com/?p=178086 Adastra Group (also known as Adastra Corporation), a global leader in cloud, data, and artificial intelligence (AI) solutions and services, is proud to announce its achievement of a generative AI AWS competency badge. This accomplishment highlights Adastra’s commitment to innovation and excellence through our relationship with AWS. “Achieving the AWS...

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    Adastra Group (also known as Adastra Corporation), a global leader in cloud, data, and artificial intelligence (AI) solutions and services, is proud to announce its achievement of a generative AI AWS competency badge. This accomplishment highlights Adastra’s commitment to innovation and excellence through our relationship with AWS.

    “Achieving the AWS generative AI competency badge is a landmark achievement for Adastra, underscoring our dedication to leveraging artificial intelligence to unlock business value for organizations. AI adoption is surging, with 72% (McKinsey, 2024)of enterprises already integrating AI and 65% regularly employing generative AI (McKinsey, 2024). As an AWS generative AI competency partner, we are proud to help organizations identify and implement high-value GenAI use cases. The fact that 3 out of 4 projects we deploy progress to production-grade solutions, where they deliver tangible business impact, is a testament to the value we bring to our clients through our relationship with AWS.” – Ondřej Vaněk, Chief AI Officer at Adastra.

    At Adastra, we specialize in assessing your organization’s current state and challenges to create tailored solutions and roadmaps for implementation. As a longstanding member of the AWS Partner Network (APN) with four separate AWS competencies and a position as an Advanced Services Partner, we excel in cloud computing, data analytics, and machine learning. Our skilled teams seamlessly integrate AWS technologies into your organization’s existing environment, empowering businesses to harness their full potential. Our commitment to transformative results establishes us a trusted partner in the dynamic landscape of cloud computing.

    Adastra’s thorough application process for the generative AI competency badge involved the development of a comprehensive generative AI strategy and governance methodology. This approach enables us to assess client readiness for generative AI, identify use cases, and evaluate the business value of generative AI projects. AWS recognized this meticulous assessment methodology and rewarded our efforts with this competency badge.

    With this achievement, Adastra now proudly stands as an AWS generative AI competency partner. This positions Adastra as a leader in driving innovation within generative AI technologies. With this status, Adastra will continue to set standards in developing and launching transformative applications across various industries, leveraging innovative AWS technologies to craft groundbreaking solutions, enhance productivity, deliver unique experiences, and accelerate innovation.

    Our use of AWS services and technologies drives significant cost savings and streamlines application development processes for organizations across diverse industries. Prospective clients can anticipate AWS-certified expertise, extensive industry experience, and successful project outcomes as we continue to deliver value and foster business growth through cutting-edge AWS generative AI solutions.

    Amazon Bedrock, a revolutionary generative AI solution, offers a spectrum of cutting-edge LLMs for easy development of GenAI applications with a focus on security, privacy, and responsible AI usage. It enables easy experimentation, customization, and task execution within enterprise systems and data sources, seamlessly integrating with familiar AWS services for deployment. Amazon Bedrock offers heightened security, complete data control, encryption features, and identity-based policies, among other benefits.

    Other generative AI solutions like Amazon Q and Amazon SageMaker Jumpstart offer additional capabilities for faster innovation and increased business value. Amazon Q serves as a generative AI–powered assistant for software development and can also be used as a fully managed chatbot. Meanwhile SageMaker Jumpstart enables building, training, and deploying machine learning (ML) models for a variety of use cases. Amazon QuickSight provides scalable business intelligence, enhancing productivity with generative AI capabilities like executive summaries and interactive data stories.

    Adastra remains committed to upholding rigid ethical standards and promoting responsible AI usage. As such, we actively adhere to an ethical generative AI policy and prioritize ethical use in all generative AI solutions and endeavors.

    Our achievement of this competency badge on the AWS platform underscores Adastra’s technical proficiency and commitment to meeting customer needs. Achieving the generative AI badge highlights our dedication to cloud solution excellence, granting Adastra AWS Specialization Partner status. As a trusted technical partner, we demonstrate unwavering commitment to excellence and customer success in navigating AI innovation. This achievement reaffirms our commitment to empowering clients and delivering high-quality cloud solutions through expertise in AWS services like generative AI.

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    Palantir Named a Leader in AI/ML Platforms https://ai-techpark.com/palantir-named-a-leader-in-ai-ml-platforms/ Thu, 29 Aug 2024 13:30:00 +0000 https://ai-techpark.com/?p=178083 Palantir Technologies Inc. (NYSE: PLTR), a leading provider of AI software platforms, today announced it had been recognized as a Leader in artificial intelligence and machine learning (AI/ML) software platforms by renowned research and advisory firm Forrester. Palantir was among the select companies that Forrester invited to participate in “The...

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    Palantir Technologies Inc. (NYSE: PLTR), a leading provider of AI software platforms, today announced it had been recognized as a Leader in artificial intelligence and machine learning (AI/ML) software platforms by renowned research and advisory firm Forrester.

    Palantir was among the select companies that Forrester invited to participate in “The Forrester Wave™: AI/ML Platforms, Q3 2024” report. Palantir was cited as a Leader in this research, with the highest ranking for Current Offering.

    As stated in the report: “Palantir has one of the strongest offerings in the AI/ML space with a vision and roadmap to create a platform that brings together humans and machines in a joint decision-making model. Its approach is to use its data pipelining capabilities and differentiated ontology to support the basis of its AI platform (AIP) offering… Palantir is quietly becoming one of the largest players in this market, seeing a consistent sustained growth rate in the past half decade by making its platform more accessible to users, investing in customer success, and embracing the support of multirole AI teams.”

    “Palantir AIP powers the most demanding use-cases across the public and private sector, and is uniquely designed to connect AI directly into frontline operations,” said Akshay Krishnaswamy, Palantir’s Chief Architect. “We believe that being named a Leader in this Forrester Wave evaluation validates our investments across model-agnostic Generative AI infrastructure, multimodal guardrails for human-AI teaming, the decision-centric Ontology — and the full range of other capabilities needed to take enterprises from AI prototype to production.”

    Palantir AIP provides the end-to-end architecture for enabling real-time, AI-driven decision-making. Together with Palantir Foundry and Palantir Apollo, AIP enables the “AI Mesh” architecture that is setting the standard for enterprises seeking to deliver composable, interoperable, and scalable value through AI. From public health to battery production, organizations depend on Palantir to safely, securely, and effectively leverage AI in their enterprises — and drive operational results.

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