Public Cloud Services Revenues Surpass $500 Billion in 2022: IDC
Worldwide revenue for the public cloud services market totaled $545.8 billion in 2022, an increase of 22.9% over 2021, according to new data from the IDC Worldwide Semiannual Public ...Full Article
BigPanda Unveils Automated Incident Analysis Capability Powered by Generative AI
An emerging AIOps use case for generative AI is incident analysis for IT response teams. Identifying the root cause of incidents and anomalies in IT systems can be time ...Full Article
OpenAI Launches Alignment Initiative Aimed at Mitigating ‘Superintelligent’ AI
What if artificial intelligence one day surpassed the intelligence of humans? This “superintelligence” is what OpenAI is anticipating – possibly within this decade – and the company has assembled ...Full Article
OpenAI Rival Inflection AI Raises $1.3B to Enhance Its Pi Chatbot
Palo Alto-based Inflection AI, an OpenAI competitor, announced it has raised $1.3 billion in a funding round led by Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, and new investor ...Full Article
Runway Bags $141M Series C Extension from Google, Nvidia, Salesforce
Generative AI investment capital continues to flow this week. Runway, a company specializing in AI-powered content creation tools, has announced a $141 million Series C extension from Google, Nvidia, ...Full Article
Nvidia CEO Huang: Get Ready for Software 3.0
Nvidia's CEO Jensen Huang said that artificial intelligence is ushering in the era of Software 3.0, where creating and running applications will be as simple as writing queries into ...Full Article
Nvidia and Snowflake Integration Aims to Bridge the Generative AI and Data Security Gap
As companies begin leveraging generative AI to build custom applications, ensuring their data is securely governed during the development process is proving to be tricky. Data entered into foundation ...Full Article
Databricks’ $1.3B MosaicML Buyout: A Strategic Bet on Generative AI
Databricks is the latest company to place a large bet – to the tune of $1.3 billion – on generative AI. On the first day of its sold-out Data + ...Full Article
AWS Launches New $100M Generative AI Innovation Center
As the realm of artificial intelligence expands at a breathtaking pace, organizations around the globe find themselves grappling with a daunting challenge: navigating the vast array of generative AI ...Full Article
HPE Offers LLM Option for Supercomputing in the Cloud
The high-performance computing options are thinning, and HPE is one of the last U.S. companies standing to build supercomputers – a fact indirectly acknowledged by Dan Reed, a professor ...Full Article
