InMobi, a global consumer technology company, has recently secured $100 million in debt financing from MARS Growth Capital. This significant investment underscores InMobi’s strategic commitment to enhancing artificial intelligence (AI) capabilities to revolutionize consumer interaction with mobile devices and advertisements. The infusion of funds is poised to drive not only organic growth but also potential AI-focused acquisitions, positioning InMobi to
The recent closure of the GenAI-powered InsurTech startup InsurStaq.ai has thrown a spotlight on the volatile nature of the AI and startup ecosystems. Launched in 2022 by co-founders Mayan Kansal and Shivam Kaushik, InsurStaq.ai aimed to revolutionize the insurance industry using its Large Language Model (LLM) called InsurGPT. The company’s generative AI applications were designed to streamline claims processing, underwriting,
Artificial intelligence (AI) and robotic process automation (RPA) are revolutionizing the way businesses operate, ushering in an era where tasks once considered far-fetched are now routine. These technologies, which were previously seen as the distant future, have become essential components across various industries, driving productivity, efficiency, and innovation to new heights. At the forefront of these advancements stands Rajiv Kumaresan,
Stampli has taken a giant leap in the accounts payable (AP) industry by introducing Cognitive AI, a sophisticated innovation designed to completely automate purchase order (PO) matching. Unveiled at Oracle NetSuite’s annual SuiteWorld 2024 conference in Las Vegas, this groundbreaking technology promises to transform and simplify one of the most demanding tasks in corporate finance. Understanding Cognitive AI and Its
Hyderabad, the capital city of the Indian state of Telangana, is positioning itself to become a global leader in artificial intelligence (AI) under the ambitious vision of Chief Minister A. Revanth Reddy. Key to this strategic initiative is the development of an AI City near Hyderabad, a landmark project that signals a bold move towards creating a hub for AI
The partnership between Sony Research and AI Singapore is poised to create a significant impact on the field of AI by focusing on the development and refinement of the SEA-LION family of large language models (LLMs). Aiming to address the unique linguistic and cultural needs of Southeast Asian communities, this initiative targets Tamil—a major language spoken by 60-85 million people
Arcee AI’s announcement of their flagship product, SuperNova, heralds a potential sea change in enterprise AI deployment. This robust tool, built on Meta’s Llama-3.1-70B-Instruct architecture, is designed for businesses that prioritize data privacy, model stability, and customization. Moving away from reliance on cloud-based APIs, SuperNova offers enterprises the freedom to manage AI infrastructure in-house, thereby mitigating risks and enhancing control.
Anthropic, an AI startup backed by heavyweights such as Amazon and Google, is gaining significant traction in the fiercely competitive enterprise AI market. With its recent releases—Claude Enterprise and Workspaces—Anthropic aims to equip businesses with advanced tools that enhance the management and deployment of AI technologies. These innovations demonstrate the startup’s unwavering commitment to balancing cutting-edge AI capabilities with the
Three months after making waves by attempting to redirect the vision of artificial intelligence at OpenAI, Ilya Sutskever left the organization and has now re-emerged as the founder of Safe Superintelligence Inc. (SSI). His new venture aims to tackle one of the most critical and complex challenges in AI: ensuring that AI systems act in humanity’s best interests. Amid a
The video game industry is at the forefront of technological innovation, and artificial intelligence (AI) is one of the most influential driving forces behind this progress. However, the rapid advancement of AI technologies has revealed substantial legal and ethical challenges, particularly concerning intellectual property (IP) laws. This article delves into the multifaceted relationship between AI, IP law, and the video
The growing reliance on artificial intelligence (AI) to enhance resumes has become a notable trend among job seekers, driven by the technology’s ability to optimize content and improve language alignment with job descriptions. AI tools offer various features like suggesting relevant keywords and correcting grammatical errors, providing job seekers a competitive edge in an increasingly crowded job market. Yet, despite
The rapid evolution and increased adoption of artificial intelligence (AI) have placed GPUs at the center stage of technological advancements. However, the volatility in GPU costs poses significant challenges, especially for businesses unfamiliar with managing such fluctuating expenses. This article delves into the intricacies of GPU cost volatility and offers strategies to effectively navigate these changes. The Rising Importance of
