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17 Oct 2024

Cyera Acquires Trail Security for $162M, Bolstering AI-Powered Data Security Platform

Cyera, a cybersecurity unicorn, acquires Trail Security for $162M to enhance its data security offerings. The company is also reportedly raising funds at a $3B valuation, signaling significant growth in the AI-driven cybersecurity sector.

2 Sources

Antelope Enterprise Enters US Energy Market to Power AI and High-Performance Computing Industries

Antelope Enterprise Holdings Limited announces its entry into the US energy market, targeting the growing demand from AI and high-performance computing sectors. The company aims to provide sustainable energy solutions to meet the increasing power needs of these industries.

2 Sources

AI Adoption Surges in India's TMT Sector: KPMG Report Reveals Transformative Impact

A new KPMG report highlights the widespread adoption and significant impact of AI in India's Technology, Media, and Telecommunications (TMT) sector, with over half of organizations fully integrating AI and realizing substantial returns on investment.

2 Sources

Upwork Revolutionizes Freelancing with Uma AI: Automated Proposals and Enhanced Matchmaking

Upwork introduces Uma AI, an advanced tool that automates proposal writing for freelancers and improves client-talent matching. This development aims to streamline the hiring process and boost work efficiency in the freelance marketplace.

2 Sources

TSMC's Strong Q3 Performance Boosts AI Chip Sector Amid Global Economic Shifts

Taiwan Semiconductor Manufacturing Co. reports a 54% profit jump, driven by AI chip demand. This news lifts tech stocks and eases concerns about the semiconductor industry, while global markets react to various economic indicators.

3 Sources

Businesses Struggle to Capitalize on AI Due to Poor Data Foundations, MIT Report Reveals

A new report by MIT Technology Review Insights and Snowflake highlights that 78% of businesses are unable to fully leverage their AI investments due to inadequate data management, despite high expectations for AI's potential to drive innovation and efficiency.

2 Sources

VPBank Partners with CleverTap to Revolutionize Customer Engagement in Vietnam's Banking Sector

VPBank, a leading Vietnamese bank, collaborates with CleverTap to enhance customer experience and drive higher conversions through AI-powered personalization and engagement strategies.

2 Sources

Vanguard Information Technology ETF: A High-Performing Fund Riding the AI Wave

The Vanguard Information Technology ETF (VGT) has shown impressive returns, largely due to its focus on top tech stocks benefiting from the AI boom. This article examines its performance, composition, and potential for future growth.

4 Sources

Nasdaq Integrates AI to Revolutionize Portfolio Risk Calculations for Banks and Insurers

Nasdaq announces the integration of advanced machine learning technology into its Calypso platform, significantly enhancing the efficiency and accuracy of complex risk calculations for financial institutions.

5 Sources

Lantronix Unveils SmartLV: AI-Enabled IoT Gateway for Smart Grid Revolution

Lantronix introduces SmartLV, an AI-powered IoT Edge Compute Cellular Gateway, designed to transform low-voltage substations in smart grids with real-time control and automation.

2 Sources

Aurora Mobile Showcases AI-Powered Solutions at eCommerce Expo Asia

Aurora Mobile presents its no-code AI Bot platform, GPTBots, and global customer engagement platform, EngageLab, at eCommerce Expo Asia, highlighting AI applications for various industries.

2 Sources

TSMC's Record-Breaking Performance Fueled by AI Boom, Outshining Rivals

TSMC's shares hit an all-time high following impressive Q3 results and a strong Q4 outlook, driven by surging AI demand. Meanwhile, rival Samsung faces setbacks in its chip manufacturing ambitions.

36 Sources

Samsung Unveils Industry-First 24Gb GDDR7 DRAM: A Leap Forward for AI Computing

Samsung Electronics has developed the world's first 24-gigabit GDDR7 DRAM, offering unprecedented capacity and speed for next-generation AI applications and high-performance computing.

8 Sources

JATCO Implements Juniper Networks' AI-Native Networking Platform for Enhanced Wi-Fi Performance

JATCO, a global automotive transmission manufacturer, has adopted Juniper Networks' AI-Native Networking Platform to upgrade its Wi-Fi network, resulting in improved efficiency, reduced costs, and better user experiences.

3 Sources

India Extends Deadline for ₹10,000 Crore GPU Tender Amid Industry Concerns

The Ministry of Electronics and Information Technology (MeitY) has extended the deadline for its ₹10,000 crore GPU tender to November 12, as part of India's AI Mission. The extension comes amid industry concerns over energy efficiency requirements and eligibility criteria.

2 Sources

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