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09 Oct 2024

New L-Mul Algorithm Promises 95% Reduction in AI Energy Consumption

Researchers at BitEnergy AI have developed a new algorithm called Linear-Complexity Multiplication (L-Mul) that could potentially reduce AI energy consumption by up to 95% without significant performance loss. This breakthrough could address growing concerns about AI's increasing energy demands.

5 Sources

Atlassian's Rovo AI Assistant Now Generally Available, Bringing AI-Powered Productivity to Teams

Atlassian has announced the general availability of Rovo, its AI-powered assistant, along with new AI features across its product suite and updates to Jira. Rovo aims to enhance team productivity by providing intelligent search, chat, and automation capabilities.

5 Sources

Zeta Global Acquires LiveIntent for $250M, Boosting AI-Powered Marketing Capabilities

Zeta Global Holdings Corp. has agreed to acquire LiveIntent for $250 million, enhancing its AI-powered marketing platform and expanding its reach in the digital advertising space.

2 Sources

ZenStatement Secures $1.62 Million in Seed Funding for AI-Powered Finance Automation

ZenStatement, an AI-driven financial analytics and cash flow management startup, raises $1.62 million in seed funding to expand its product offerings and market presence. The round was led by 3One4 Capital and Boldcap VC, with participation from other investors.

2 Sources

Hyundai Motor Group and Singapore Forge Partnership for Advanced Manufacturing and Sustainable Energy Research

Hyundai Motor Group collaborates with Singapore's Nanyang Technological University and A*STAR to establish a research center focused on AI, robotics, and sustainable energy solutions, aiming to advance manufacturing technology and achieve carbon neutrality.

2 Sources

US Government Proposes Sweeping Measures to Curb Google's Search Dominance and AI Advancements

The US Department of Justice has proposed significant remedies to address Google's monopoly in search and search text advertising, including potential divestiture of Chrome and Android, data sharing with competitors, and restrictions on AI development.

18 Sources

NVIDIA Collaborates with US Tech Leaders to Accelerate Custom AI Application Development

NVIDIA announces partnerships with major US technology companies to develop custom AI applications across various industries using its latest AI software tools, including NIM Agent Blueprints and NeMo microservices.

2 Sources

Databricks Launches 'Apps' for Rapid Development of AI and Data Applications

Databricks introduces 'Databricks Apps', a new capability that allows developers to quickly build and deploy data-intensive and AI applications directly on the Databricks Data Intelligence Platform, promising faster development, enhanced security, and seamless integration.

3 Sources

Ciena's Stock Surges on AI-Driven Growth Prospects and Analyst Upgrades

Ciena Corporation sees a boost in stock price and analyst confidence due to its potential in AI and data center markets, with multiple firms raising price targets based on the company's positioning in optical networking and AI-driven bandwidth demand.

3 Sources

Generative AI: A Catalyst for Business Innovation and Value Creation

Generative AI is revolutionizing various business sectors by enhancing creativity, productivity, and efficiency. This technology is proving to be a valuable asset for companies seeking innovative solutions and improved processes.

2 Sources

OpenAI Expands Global Presence with New Office in Singapore

OpenAI announces plans to open a new office in Singapore by the end of 2024, marking its second Asian location and fourth international branch. The expansion aims to support growing demand for AI tools in the Asia-Pacific region and foster collaborations with local partners.

7 Sources

Tesla's Robotaxi Unveiling Disappoints Investors Amid Autonomous Vehicle Race

Tesla's highly anticipated robotaxi event fails to impress investors, leading to a stock decline. The company showcases new autonomous vehicle designs but faces skepticism over execution and competition in the self-driving market.

87 Sources

CrowdStrike Expands AI-Driven Threat Intelligence Capabilities Through Strategic Partnerships

CrowdStrike announces new partnerships with CardinalOps, Nagomi Security, and Veriti to enhance intelligence-led threat defense across enterprises, leveraging AI and advanced threat intelligence to improve cybersecurity effectiveness.

2 Sources

FICO Partners with iSON Xperiences to Bring AI-Powered Customer Management to Africa

FICO and iSON Xperiences join forces to introduce AI-driven customer management solutions across 15 African countries, aiming to revolutionize customer interactions in various industries.

2 Sources

Lightdash Secures $11M Series A Funding to Bring AI-Powered Business Intelligence to Open Source

Lightdash, an open-source business intelligence platform, raises $11 million in Series A funding led by Accel. The company introduces an AI-powered analyst feature to democratize data insights across organizations.

2 Sources

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