Homechevron_rightArchiveschevron_rightBusiness and Economy

Archives

Explore Stories by Date

26 Nov 2024

SoundHound AI Directors Sell Shares Amid Strong Financial Performance and AI Advancements

Two directors of SoundHound AI have sold significant portions of their stock holdings, while the company reports impressive revenue growth and successful AI implementations in customer service.

2 Sources

Rackspace Technology to Participate in UBS Global Technology and AI Conference

Rackspace Technology's CEO and CFO are set to participate in a fireside chat at the UBS Global Technology and AI Conference, highlighting the company's role in hybrid, multicloud, and AI solutions.

2 Sources

Zoom Rebrands and Focuses on AI as Growth Slows

Zoom Communications reports Q3 earnings, changes its name, and emphasizes AI offerings amid slowing growth. The company beats revenue estimates but faces investor skepticism.

4 Sources

Animation Guild Secures Tentative Deal with Studios, Including AI Protections

The Animation Guild has reached a tentative agreement with major Hollywood studios, addressing key issues such as AI guardrails, wage increases, and remote work protections. The deal, which awaits member ratification, marks a significant step in shaping the future of the animation industry.

3 Sources

Tesla's 'Autonomous' Robotaxis to Rely on Remote Human Operators

Tesla is hiring a team for remote teleoperation of its upcoming robotaxi fleet, revealing that its 'fully autonomous' vehicles will require human intervention, similar to competitors in the industry.

5 Sources

Great Learning Reports 43% Surge in Job Postings, Highlighting AI and Data Skills Demand in India

Great Learning's career platform GL Excelerate sees a 43% increase in job postings, with a focus on AI and data roles. The surge indicates a recovery in India's tech hiring landscape, particularly for fresh graduates and early-career professionals.

2 Sources

Anthropic Unveils Model Context Protocol: A New Standard for AI Integration

Anthropic introduces the Model Context Protocol (MCP), an open-source standard designed to enhance AI model responses by connecting them to diverse data sources and tools, potentially revolutionizing AI integration across industries.

12 Sources

AI-prop Launches Advanced AI Photo Enhancement Platform for U.S. Real Estate Professionals

AI-prop, a Japanese AI photo editing platform, introduces its innovative service to the U.S. real estate market, offering high-quality, affordable image enhancements powered by advanced AI technology.

2 Sources

Halcyon Secures $100M Funding to Combat Ransomware with AI-Powered Solution

Halcyon Tech Inc., an Austin-based startup, has raised $100 million in Series C funding to enhance its AI-driven platform that detects and reverses ransomware attacks. The investment propels Halcyon to unicorn status with a $1 billion valuation.

2 Sources

Pyramid Analytics Secures $50M Investment from BlackRock, Boosting AI-Driven Analytics

Pyramid Analytics, an AI-driven analytics and decision intelligence company, has raised $50 million in new financing from BlackRock, highlighting the growing interest in AI-powered business intelligence solutions.

3 Sources

Luma AI Unveils Photon: A Revolutionary AI Image and Video Generation Platform

Luma AI has launched Photon, a new AI image generation model, alongside an updated Dream Machine platform. The release introduces innovative features for creators, including consistent character generation and a user-friendly interface.

4 Sources

Amazon's Ambitious Plan to Challenge Nvidia's AI Chip Dominance

Amazon is accelerating the development of its Trainium2 AI chip to compete with Nvidia in the $100 billion AI chip market, aiming to reduce reliance on external suppliers and offer cost-effective alternatives for cloud services and AI startups.

4 Sources

Elastic Launches AI Ecosystem to Accelerate GenAI Application Development

Elastic introduces an AI ecosystem with pre-built integrations to streamline the development of Retrieval Augmented Generation (RAG) applications, partnering with leading tech companies to enhance AI capabilities for enterprise developers.

2 Sources

Organizations Struggle with AI Readiness Despite Increasing Urgency

A recent survey reveals that only 13% of organizations feel fully prepared to leverage AI's potential, despite growing pressure to adopt the technology. Companies face challenges in infrastructure, skills, and measuring AI's impact.

3 Sources

The Dark Side of AI in Marketing: Researchers Highlight Neglected Ethical Concerns

A new study reveals that the potential negative consequences of AI in marketing are largely overlooked in academic research, raising concerns about ethical implications and societal impact.

3 Sources

Get all updates into your inbox 💌, Stay Up-to-date for Free 🥳

Your Daily Dose of Curated AI News

Don’t drown in AI news. We cut through the noise - filtering, ranking and summarizing the most important AI news, breakthroughs and research daily. Spend less time searching for the latest in AI and get straight to action.

The Outpost

News

About