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31 Oct 2024

Cyngn Advances Industrial Automation with NVIDIA-Powered Autonomous Vehicles and Secures Major Automotive Deals

Cyngn Inc. enhances its DriveMod autonomous vehicle system with NVIDIA technology, secures deals with automotive suppliers, and expands its patent portfolio, positioning itself as a key player in industrial automation.

3 Sources

S&P Global Market Intelligence and MarketAxess Forge Strategic Partnership for Fixed-Income Data Integration

S&P Global Market Intelligence and MarketAxess announce a strategic partnership to enhance transparency and efficiency in fixed-income markets through data integration, leveraging AI-powered pricing tools.

2 Sources

Ericsson Unveils AI-Powered 5G Advanced Software Suite to Revolutionize Network Performance

Ericsson launches seven new 5G Advanced software products, leveraging AI and automation to enhance network efficiency, user experience, and operational performance for communication service providers.

3 Sources

Europe's Digital Supply Chain Revolution: AI and Analytics Drive Transformation

European enterprises are increasingly adopting AI, IoT, and predictive analytics to enhance supply chain resilience and efficiency, according to a new ISG report. The surge in demand for digital supply chain services is reshaping the industry landscape.

2 Sources

Palantir Unveils "The Defense Reformation": A Plan to Revitalize American Defense Industry

Palantir Technologies introduces a treatise on transforming government business practices and rebuilding America's defense-focused industrial capabilities, authored by CTO Shyam Sankar.

2 Sources

Data Challenges Emerge as Major Hurdle in AI Adoption and Business Strategies

Recent surveys reveal that companies are struggling with data management and governance, hindering their AI initiatives and overall business strategies. Despite enthusiasm for AI, many organizations are unprepared for its implementation due to data-related issues.

2 Sources

Meta and Microsoft Highlight Rising AI Costs, Impacting Tech Stocks

Meta and Microsoft's warnings about increasing AI-related expenses have dampened optimism around megacap tech stocks, leading to a decline in Wall Street futures.

5 Sources

Toyota and NTT Announce $3.3 Billion Investment in AI-Driven Mobility Platform to Reduce Traffic Accidents

Toyota Motor and Nippon Telegraph and Telephone (NTT) have agreed to jointly invest $3.3 billion by 2030 to develop an AI-powered mobility platform aimed at reducing traffic accidents and advancing autonomous driving technology.

4 Sources

Huize Holding Limited Announces Annual General Meeting with Focus on AI-Powered Insurance Solutions

Huize Holding Limited, a leading insurance technology platform in Asia, has announced its annual general meeting for November 29, 2024. The company utilizes AI and data-driven solutions to connect consumers, insurance carriers, and distribution partners.

3 Sources

Siemens Acquires Altair for $10.6 Billion to Boost AI-Powered Industrial Software Portfolio

German conglomerate Siemens agrees to buy US-based tech company Altair for $10.6 billion, aiming to create the world's most comprehensive AI-powered design and simulation portfolio.

3 Sources

LSEG Risk Intelligence Unveils AI-Powered Verification Tools to Combat Financial Fraud

LSEG Risk Intelligence introduces two new products, Global Account Verification and Document and Biometric Verification, leveraging AI and deep learning to tackle financial fraud and enhance identity verification.

2 Sources

Noma Launches with $32M to Secure AI Lifecycle for Enterprises

Israeli startup Noma Security emerges from stealth with $32 million in funding to provide comprehensive security solutions for the entire AI lifecycle, from data storage to deployment.

3 Sources

ATPC Cyber Forum to Address Next-Gen Cybersecurity and AI in Financial Services

The American Transaction Processors Coalition (ATPC) is organizing a major cybersecurity forum in Atlanta, focusing on emerging technologies, AI's role, and supply chain security in the financial services sector.

2 Sources

Microsoft Forecasts $1.5 Billion Loss from OpenAI Investment Amid AI Revenue Growth

Microsoft discloses significant financial impact from its OpenAI investment, expecting a $1.5 billion loss in the coming quarter. Despite this, the company reports strong AI-driven revenue growth and reaffirms its commitment to the partnership.

3 Sources

Meta AI Reaches 500 Million Users, Signaling Rapid Growth in AI Adoption

Meta's AI assistant surpasses 500 million users within a year of launch, showcasing the company's strong position in consumer AI and its impact on user engagement across its platforms.

3 Sources

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