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17 Jul 2024

DeepL Unveils Advanced Translation LLM for Business Users, Outperforming Competitors

DeepL, a leading AI translation company, has launched a new Large Language Model (LLM) specifically designed for business users. The model claims to outperform competitors like Google Translate and ChatGPT in translation tasks.

3 Sources

Nvidia and Pfizer Lead $80 Million Funding Round for Israeli AI Medical Tech Firm CytoReason

CytoReason, an Israeli AI-driven medical technology company, has secured $80 million in funding from industry giants including Nvidia, Pfizer, and Thermo Fisher Scientific. The investment aims to expand CytoReason's AI disease models and establish a US hub in Cambridge, Massachusetts.

5 Sources

Salesforce Unveils Einstein: The Autonomous AI Customer Service Agent

Salesforce introduces Einstein, an advanced AI-powered customer service agent. This autonomous system aims to revolutionize customer support by handling complex queries and tasks without human intervention.

3 Sources

V2X Secures $141 Million Contract for Navy Fleet Communications

V2X, Inc. has been awarded a $141 million contract to provide assured communications capability to the U.S. Navy Fleet. The five-year contract aims to enhance the Navy's operational readiness and mission success.

2 Sources

Anthropic and Menlo Ventures Launch $100 Million AI Startup Fund

Anthropic, an AI company backed by Amazon, has partnered with Menlo Ventures to create a $100 million fund called Anthology. The fund aims to support and invest in early-stage AI startups, focusing on those leveraging large language models.

11 Sources

Parnassus Mid-Cap Funds: Q2 2024 Investment Commentary Analysis

An analysis of the Q2 2024 investment commentaries for Parnassus Mid-Cap Fund and Parnassus Mid-Cap Growth Fund, highlighting their performance, strategies, and market outlook.

2 Sources

LivePerson Recognized as Leader in G2's Summer 2024 Grid Reports for Digital Customer Conversations

LivePerson, a global leader in Conversational AI, has been named a Leader in multiple categories in G2's Summer 2024 Grid® reports. The company's innovative solutions for digital customer conversations have earned high marks from users across various industries.

2 Sources

CTERA Networks Secures $80M Investment to Enhance AI-Driven Hybrid Cloud Data Management

CTERA Networks, a leader in hybrid cloud data management, has raised $80 million in growth funding. The company plans to use this investment to expand its AI capabilities and strengthen its position in the enterprise file services market.

3 Sources

Google and Microsoft Reportedly Providing Chinese Firms Access to Nvidia AI Chips Despite US Ban

Tech giants Google and Microsoft are allegedly offering cloud services powered by Nvidia's AI chips to Chinese companies, potentially circumventing US export restrictions. This development raises questions about the effectiveness of the ban and its impact on global AI competition.

10 Sources

Samsung's Wearable Tech Revolution: Galaxy Ring and Galaxy Watch 7

Samsung unveils its latest wearable tech innovations: the Galaxy Ring and Galaxy Watch 7. These devices promise to redefine personal health monitoring and smart device integration.

2 Sources

Amazon Prime Day 2024: Sales Surge Despite Brief Seller Portal Disruption

Amazon's Prime Day 2024 sees double-digit sales growth, marred by a short-lived crash of the advertising portal. The incident highlights the event's significance for sellers and Amazon's e-commerce dominance.

2 Sources

ASML and TSMC Face Geopolitical Challenges Amid Strong Earnings

ASML and TSMC, key players in the semiconductor industry, are navigating geopolitical tensions between the US and China. Despite strong earnings, their shares face pressure due to potential tighter export controls.

9 Sources

Tempus AI Inc. to Report Q2 2024 Financial Results on August 6

Tempus AI Inc., a leading AI-driven precision medicine company, has announced that it will release its second quarter 2024 financial results on August 6, 2023. The company will also host a conference call to discuss the results and provide a business update.

2 Sources

Canon's Latest Mirrorless Marvels: EOS R5 II and EOS R1 Shake Up the Camera Market

Canon unveils two new flagship mirrorless cameras: the EOS R5 II, a refined upgrade to its predecessor, and the EOS R1, a speed demon with cutting-edge features. Both models showcase Canon's commitment to innovation in the competitive camera industry.

2 Sources

Elevance Health Reports Strong Second Quarter 2024 Results, Raises Full Year Outlook

Elevance Health, a leading health benefits company, has reported robust financial results for the second quarter of 2024, surpassing expectations and prompting an increase in its full-year guidance.

3 Sources

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