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13 Nov 2024

PointFive Secures $20M Series A Funding for AI-Powered Multi-Cloud Cost Optimization

PointFive, a cloud cost optimization startup, raises $20 million in Series A funding led by Salesforce Ventures. The company's AI-driven platform aims to revolutionize cloud spend management across multiple cloud environments.

2 Sources

Red Hat Acquires Neural Magic to Enhance AI Performance Across Hybrid Cloud Environments

Red Hat, an open-source solutions provider, has acquired Neural Magic, a company specializing in AI optimization. This acquisition aims to improve AI performance and accessibility across hybrid cloud environments, focusing on large language models and generative AI workloads.

4 Sources

Nevro's AI-Powered Spinal Cord Stimulation System Receives CE Mark Certification, Expanding Global Reach

Nevro Corp. has received CE Mark Certification for its HFX iQ spinal cord stimulation system, which uses AI technology to deliver personalized pain relief. The certification allows Nevro to market the device in Europe, marking a significant milestone in the company's global expansion strategy.

3 Sources

Amcor Launches New AI-Focused Open Innovation Initiatives: Lift-Off Sprints and Connect

Amcor, a global packaging leader, introduces two new open-call programs to foster innovation in R&D and emerging technologies, with a focus on AI applications in manufacturing and research.

2 Sources

Rising Smartphone Prices: The Impact of AI and Advanced Technology

Smartphone prices are set to increase due to the integration of advanced AI capabilities, 5G technology, and more powerful components, with premium devices expected to see at least a 5% price hike.

2 Sources

Generative AI Revolutionizes Robot Training: MIT's LucidSim Enhances Real-World Performance

MIT researchers develop LucidSim, a novel system using generative AI and physics simulators to train robots in virtual environments, significantly improving their real-world performance in navigation and obstacle traversal.

2 Sources

TSMC's 5nm and 3nm Production Lines Fully Booked Until 2025, Driven by AI Chip Demand

TSMC's advanced chip production lines are at full capacity due to high demand for AI chips and mobile processors. This highlights TSMC's dominance in the semiconductor industry and the growing importance of AI technology.

2 Sources

LG Electronics and Tenstorrent Expand AI Chip Partnership for Smart Home and Beyond

LG Electronics and Tenstorrent have expanded their collaboration to develop AI chips for various applications, including smart home solutions and future mobility, leveraging Tenstorrent's RISC-V and AI technologies.

3 Sources

Google Gemini Live Set to Revolutionize File Interactions and Video Queries

Google is developing new features for Gemini Live, including conversational interactions with uploaded files and enhanced video query capabilities, aiming to create a more intuitive and versatile AI assistant experience.

6 Sources

12 Nov 2024

Trend Micro Reports Strong Q3 2024 Earnings, Driven by AI-Powered Solutions and Platform Adoption

Trend Micro announces 6% year-over-year growth in Q3 2024, with increased demand for AI-powered cybersecurity solutions and platform adoption. The company reports improved financial performance and strategic focus on proactive cybersecurity through AI innovations.

2 Sources

Apple's Smart Home Camera: Blending Privacy and AI for 2026 Launch

Apple is set to enter the smart home camera market in 2026, promising a device that combines advanced privacy features with AI-driven capabilities, potentially reshaping the industry with its ecosystem integration and focus on user security.

5 Sources

Gartner Forecasts 11.2% Growth in India's IT Spending for 2025, with GenAI Driving Software Sector

Gartner predicts India's IT spending will reach $160 billion in 2025, with a significant focus on generative AI technologies. The forecast highlights the impact on various IT sectors and potential job market changes.

2 Sources

Leidos and University of Edinburgh Forge Partnership to Advance AI and Data Science Innovation

Leidos, a Fortune 500 innovation company, partners with the University of Edinburgh to drive advancements in AI and data science, leveraging the university's Bayes Centre to address critical challenges in various sectors.

2 Sources

NXP Unveils i.MX 94 Family: Advanced Processors for Industrial and Automotive Edge Computing

NXP Semiconductors introduces the i.MX 94 family of applications processors, designed to enhance connectivity, security, and AI capabilities for industrial and automotive edge computing applications.

2 Sources

Baidu Unveils Advanced AI Tools: Text-to-Image Generator and No-Code App Builder

Baidu introduces I-RAG, an advanced text-to-image generator, and Miaoda, a no-code app development platform, at its annual World Conference, showcasing its commitment to AI commercialization and innovation.

3 Sources

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