FN Media Group Presents USA News Group News Commentary
VANCOUVER, BC, Feb. 12, 2024 /PRNewswire/ — USA News Group – The world is undergoing a massive AI revolution, that according to analysts at McKinsey Global Institute could add the equivalent of up to $4.4 trillion annually in value in the near future. With such immense potential on the line, an AI arms race is underway, several firms are establishing their positions by developing and acquiring new tech, including Avant Technologies Inc. (OTCQB:AVAI), C3.ai, Inc. (NYSE:AI), Snowflake Inc. (NYSE:SNOW), Apple Inc. (NASDAQ:AAPL), and even asset management firm Blackstone Inc. (NYSE:BX).
Along the important road towards this new technological integration, businesses trying to use AI in their products are facing big challenges. These challenges are mostly because of the high costs of computing power and a global shortage of data storage expected by 2025.
At the forefront of addressing these critical issues, Avant Technologies Inc. (OTCQB:AVAI) is emerging as a leader in advanced cloud supercomputing technologies. The company claims that its supercomputing network could become known as the world’s most powerful and cost-efficient private cloud infrastructure.
Avant recently strategically appointed Timothy Lantz, a veteran in the technology sector with extensive leadership experience, as in the roles of its new CEO and Director. Lantz brings over 20 years of successful experience in diverse business operations, including managing startups, driving growth, leading turnaround initiatives, and executing strategic financial exits.
Lantz’s shift to the CEO position comes after his initial involvement with Avant as the chief advisor for product development and market strategy, a role he took on when he first joined the company’s industry advisory board earlier this year.
“AI is already changing the world as we know it and Avant Technologies is well-positioned as a frontrunner to support what will undoubtedly be the next major evolutionary leap in human technological advancement,” said Lantz. “The opportunity ahead for Avant is immense and to fully realize its potential, we will have to be focused on delivering game-changing technology purpose-built for AI, with both speed and precision. A big part of my job is to enable Avant to bring new, innovative products to market quickly, build a ‘flawless execution’ culture, and position the company for hyper-growth.”
Avant is actively addressing the key issues of cost and performance, which are obstacles to the progress and market potential in AI, machine learning, and big data analytics. The company is dedicated to transforming these areas with its cutting-edge private cloud infrastructure, striving to boost performance and provide additional benefits in various industries. Their focused strategy involves cutting costs, improving computing density, and providing unique ESG (Environmental, Social, and Governance) benefits by significantly lowering electricity and water consumption.
“The proliferation of the AI, machine learning and big data analytics industries is already rapidly outpacing the capabilities of traditional cloud infrastructure for an industry that demands exponential computer power and storage capacity,” added Lantz. “We recognized this real unmet need and began working to develop a next generation, ultra-high-density supercomputing environment that will revolutionize the landscape for AI companies of all sizes and for any other users who require hyper-scalable, cost-effective computing power.”
Avant is dedicated to advancing AI technology and is creating a specialized computing environment specifically designed for AI applications. This environment is carefully developed to work smoothly with all major AI frameworks, enabling easy integration and efficient development workflows.
Shortly after announcing the launch of its no-code, self-service generative AI application in AWS Marketplace, C3.ai, Inc. (NYSE:AI) reported its Q2 2024 financial results where the company saw its total revenue grew 17% year-over-year.
“We saw unprecedented interest and traction in our generative AI offerings. Importantly, we are seeing a return to accelerating revenue growth as we continue our transition to a consumption-based pricing model,” said Thomas M. Siebel, CEO and Chairman of C3 AI.
It was a very active quarter for C3 AI, having closed 62 agreements including 36 pilots. Among these were deals with GSK, Indorama, and First Business Bank, and newly expanded agreements with Con Edison, Roche, Nucor Corporation, and Hewlett Packard Enterprises, along with more. The company also closed 40 agreements through its partner network, which includes AWS, Baker Hughes, Booz Allen, Google Cloud, and Microsoft—marking an increase of 75% to C3’s qualified opportunity pipeline with partners.
Data cloud company Snowflake Inc. (NYSE:SNOW) recently announced it would be enabling all users to securely tap into the power of generative AI with their enterprise data through its platform Snowflake Cortex. Shortly after, Snowflake released its financial results for Q3 2024, showing a 34% year-over-year growth in product revenue to nearly $700 million.
Continuing with that positive moment, Snowflake was awarded the #1 ranking on the 2023 Fortune Future 50 list. To compile this Future 50 list, The BCG Henderson Institute analyzed over 1,000 publicly traded companies, each with a market value of at least $20 billion or revenue of $10 billion in the 12 months up to the end of 2022. This evaluation includes 19 factors known for their predictive power of growth in the next five years. These factors are categorized into four groups: strategy, technology and investments, people, and structure.
“We are honored to be named at the top of Fortune’s Future 50 list and look forward to continuing to help customers solve their biggest problems and deliver real value using AI,” said Sridhar Ramaswamy, SVP of AI at Snowflake. “In this new AI era, generative AI and large language models will reshape how we live, work and do business.”
After being labeled as very conservative in its approach to AI, Apple Inc. (NASDAQ:AAPL) is allegedly preparing to invest $1 billion in the generative AI arms race to catch their rivals, according CNBC’s Mark Gruman. Just over a month after the news of that potential figure dropped, Apple quietly released a machine learning framework called MLX to help developers build models that run efficiently on Apple Silicon and deep learning model library MLX Data.
According to a social media post from Apple machine learning researcher Awni Hannun, MLX Data is a “framework agnostic, efficient, and flexible package for data loading. It’s based on a design inspired by existing frameworks like PyTorch, Jax, and ArrayFire, however MLX goes further by adding support for a unified memory model, which means arrays live in shared memory and operations can be performed on any of supported device types without performing data copies—a feature list that has Computer World claiming it to be “pretty good at first glance”.
Even asset management firm Blackstone Inc. (NYSE:BX) is getting into the mix by responding to exploding data-center demand that’s being fuelled by the AI arms race, by committing to developing $7 billion worth of data centers. The move is part of a new venture with Digital Realty Trust Inc. According to a report from Reuters, the venture plans to develop 10 data centers across four campuses in Frankfurt, Paris, and northern Virginia.
As per the terms of the deal, Blackstone will acquire an 80% ownership stake in the joint venture for about $700 million in initial capital contributions. Scheduled to close over two stages, the joint venture is set to become official by the end of the first half of 2024.
“By partnering with Blackstone, the world’s largest alternative asset manager, Digital Realty is better able to deliver capacity to meet the burgeoning demand of our hyperscale customers, by accessing a deep pool of likeminded private capital,” said Andy Power, the president and CEO of Digital Realty.
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Sendbird Unveils Easy-to-Use AI Chatbot Tailored for Small Businesses
SEOUL, South Korea, Feb. 28, 2024 /PRNewswire/ — Sendbird, a leading communications platform for web and mobile apps, has launched its AI chatbot, designed for easy setup and tailored to help small-to-medium-sized businesses (SMBs) in various customer-facing sectors like e-commerce and healthcare. This affordable, no-code solution aims to enhance customer engagement and support. Businesses can access an AI chatbot starter package offering features such as chatbot personas creation, knowledge enrichment, workflow integration, and performance tracking analytics, all without requiring technical skills.
Furthemore, Sendbird has unveiled a developer-centric Pro package, which simplifies mobile app integration and provides more workflows and function calls for third-party software connections. These connections empower the AI chatbot to expand its capabilities and improve the competitiveness. For instance, the AI chatbot can offer personalized recommendations for flights, accommodations, or products.
Sendbird’s no-code AI chatbot seamlessly integrates with Sendbird Desk, its in-app chat customer service solution, providing businesses with a unified sales or support desk. This integration boosts automated efficiency while maintaining a nuanced understanding of human support, leading to swifter, more accurate responses and increased customer satisfaction.
Built on a real-time communication platform trusted by industry leaders like Rakuten, Paytm, Traveloka, Carousell, PayPay, Yahoo, DoorDash, Krafton, Sendbird’s AI chatbot ensures seamless integration with both websites and mobile applications. This enables businesses to streamline support processes, save time, and allocate resources effectively, exceeding customer expectations.
Sendbird CEO and Co-founder John S. Kim emphasizes the importance of making AI accessible to SMBs, stating, “Today, large enterprises and consumer brands effectively use AI to engage with their customers. But there is no way for a small company to compete. What we aim to do with our no-code AI chatbot is to make that technology accessible to SMBs.”
To explore the benefits firsthand, businesses can access a free trial of Sendbird’s AI chat bot at sendbird.com/products/ai-chatbot. Additionally, to enhance superior customer support and engagement further, go to Sendbird Desk at sendbird.com/products/customer-support.
Sendbird is the all-in-one communication platform empowering web and mobile applications with customizable user experiences. Sendbird’s cutting-edge APIs unlock the potential of AI-powered chatbots, one-way notification messages, chat, video calls and live streaming, tailored for use in commerce, marketing, and exceptional customer support. Trusted by industry leaders such as Rakuten, Paytm, Traveloka, Carousell, PayPay, Yahoo, DoorDash, and Krafton, Sendbird powers over 7 billion interactions monthly for over 4000+ applications worldwide.
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Vieworks Unveils Cutting-Edge X-ray Imaging Solutions at ECR 2024
ANYANG, South Korea, Feb. 27, 2024 /PRNewswire/ — Vieworks, a leading provider of medical and industrial X-ray imaging solutions, is gearing up to showcase its innovative lineup at the European Congress of Radiology (ECR) 2024, scheduled from February 28 to March 3 in Vienna, Austria. Vieworks will introduce a range of groundbreaking solutions including the VXvue software with AI diagnostic support for both human and veterinary applications, alongside X-ray flat panel detectors (Hall X3, Booth 324).
At the exhibition, Vieworks will unveil a total of 19 products, featuring 15 static and dynamic flat panel detectors accompanied by dedicated image acquisition software. Particularly noteworthy will be the introduction of the enhanced VXvue software integrated with AI diagnostic support solutions.
Vieworks’ large-format and large-area detector products (VIVIX-S 1751S, VIVIX-S 4747V) are designed to optimize full-spine, half-body, and large-area imaging, offering static image detectors capable of capturing wider area images in a single scan compared to conventional models, thereby reducing patient radiation exposure. With advantages such as high resolution and swift image acquisition, these detectors enable more efficient diagnosis.
In addition to these innovations, Vieworks will showcase a variety of its flagship products, including FPDs for general radiography (VIVIX-S V, VIVIX-S F series), portable C-arms and fluoroscopy applications (VIVIX-D series), and digital detectors for breast examination (VIVIX-M series).
Developed in-house by Vieworks, VXvue is a user-centric image processing software designed to post-process clinical images acquired through X-ray detectors. With recent enhancements, VXvue can analyze X-ray clinical images of animals such as dogs and cats, providing abnormal findings related to musculoskeletal and thoracic diseases within 15 seconds. By offering post-processing of images along with information on the location of ailments and their probability, VXvue is poised to significantly improve the diagnostic process for veterinarians.
VXvue also offers advanced solutions for human application, incorporating the ‘PureImpact™’ technology, a high-performance image processing algorithm that enhances image clarity, and AI. This enables detailed depiction of soft tissue and skeletal structures with minimal radiation exposure.
A Vieworks spokesperson stated, “This year, we will continue to invest in innovative technologies such as AI to advance our product diversification and technological sophistication. Through these efforts, we aim to secure loyalty from our key customers in North America and Europe and expand our market share.”
ECR, regarded as one of the world’s largest congresses alongside the Radiological Society of North America (RSNA), anticipates participation from over 240 companies representing 35 countries.
About Vieworks Co., Ltd.
As a global leader in digital imaging in various applications from medical x-ray imaging to industrial x-ray inspection, Vieworks offers the most advanced x-ray flat panel detectors and software as a solution to the world. Vieworks creates new standards in the imaging industry by providing professionals with the most valued and high-quality images and offering innovative vision and insight for all. For more information, please visit xrayimaging.vieworks.com.
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Geotab Brings Conversational AI to Connected Transportation Solutions at Mobile World Congress
Demonstrates Geotab Ace with AI capabilities to interpret complex data with natural-language processing – a game-changer in connected vehicle transformationEnables fleets to make faster data-driven decisions based on safety, route planning, maintenance schedules, sustainability, and moreVisit us for the Geotab Ace demo on the Ontario Canada exhibition in Hall 7, 7G61, Kiosk 11 at MWC
BARCELONA, Spain, Feb. 27, 2024 /CNW/ – Geotab Inc. (“Geotab”), a leading connected vehicle technology provider, will demonstrate its industry-first generative AI assistant for connected transportation, Geotab Ace, at Mobile World Congress. Geotab Ace is fueled by data-led AI processing capabilities analyzing more than 75 billion data points daily across global telecoms networks. Deeply integrated into MyGeotab, Geotab Ace instantly generates insights, while democratising and streamlining access to information to unlock new value from fleet data.
Geotab Ace was launched earlier this month at Geotab Connect, with the first public demonstrations of the AI copilot being debuted at Mobile World Congress. Geotab Ace has access to an expansive array of insights, including predictive safety analytics, predictive maintenance, trip data, zone activity, electric vehicle statistics, exception events, GPS tracking, and more. This allows it to provide nuanced answers to a broad range of complex questions while remembering past interactions to improve future responses. Geotab Ace is built on privacy-by-design principles and keeps all customer telematics data within Geotab’s environment, never shared with any Large Language Model (LLM).
Enhancements to the user experience include tailored insights through intuitive dialogue with natural language processing – allowing organizations with fleets to extend on-demand insights in areas including safety, operations, maintenance, efficiency, and sustainability to assess the performance of their vehicles, assets, drivers, and more in simple, easy-to-understand terms.
Fleets can now significantly reduce the time taken to gain insights and access customized data reflections that are tailored to their specific needs, enhancing their capacity and expediency for making data-driven decisions.
“By bringing the intuitive simplicity of conversational AI directly into the Geotab platform, we are transforming the way fleets interact with their data, crafting a future where insights are immediate, intelligent, and instrumental to success,” said Edward Kulperger, Senior Vice President, Geotab EMEA. “It embodies our mission to simplify data analysis and unlock a world of trustworthy, insightful and actionable fleet intelligence.”
Geotab’s position as an industry trailblazer is reinforced by its 4 million globally connected vehicles, 50,000 customers across 160 countries, and an extensive telecoms carrier and partner network. This depth of expertise and global scale enables the company to develop unprecedented AI models, unlocking unmatched value and efficiency for fleets around the world.
Geotab Ace will be available to be experienced hands-on in the Ontario (Canada) Pavilion in Hall 7, 7G61, Kiosk 11 at Mobile World Congress from February 26 – 29, 2024.
To learn more about Geotab Ace, visit https://www.geotab.com/uk/ace/..
About GeotabGeotab is a global leader in connected transportation solutions. We provide telematics — vehicle and asset tracking — solutions to over 50,000 customers in 160 countries. For more than 20 years, we have invested in ground-breaking data research and innovation to enable partners and customers, including Fortune 500 and public sector organizations, to transform their fleets and operations. With over 4 million subscriptions and processing more than 75 billion data points a day, we help customers make better decisions, increase productivity, have safer fleets, and achieve their sustainability goals. Geotab’s open platform and Marketplace offers hundreds of third-party solution options. Backed by a team of industry-leading data scientists and AI experts, Geotab is unlocking the power of data to understand real-time and predictive analytics — solving for today’s challenges and tomorrow’s world. To learn more, visit www.geotab.com, follow @GEOTAB on Twitter and LinkedIn, or visit the Geotab Blog.
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