IBM Launches $500 Million Enterprise AI Venture Fund

IBM (NYSE: IBM) today announced that it is launching a $500 million venture fund to invest in a range of AI companies – from early-stage to hyper-growth startups – focused on accelerating generative AI technology and research for the enterprise.

IBM’s Groundbreaking Analog AI Chip: Ushers New Era  of Efficiency and Accuracy  

In this contributed article blogger Justin Varghise discusses the ground breaking advancement for AI that IBM has unveiled – a cutting edge analog AI chip that promises and  has potential to redefine the landscape of deep neural networks (DNNs). This chip is 100 times more  energy-efficient and up to 10 times faster than traditional digital AI chips for performing deep neural  network (DNN) computations. 

New MongoDB Atlas Vector Search Capabilities Help Developers Build and Scale AI Applications

MongoDB, Inc. (NASDAQ: MDB) announced new capabilities, performance improvements, and a data-streaming integration for MongoDB Atlas Vector Search that make it even faster and easier for developers to build generative AI applications. Organizations of all sizes have rushed to adopt MongoDB Atlas Vector Search as part of a unified solution to process data for generative AI applications since being announced in preview in June of this year.

Intel Innovation 2023 Highlights

Tuesday morning (Sept. 19, 2023), Intel kicked off its third annual developer event, Intel Innovation 2023, virtually and in San Jose, California. During the Day 1 keynote, “Developing the Future of the Siliconomy,” Intel CEO Pat Gelsinger, and a variety of customers, unveiled an array of technologies and applications that bring artificial intelligence everywhere and make it more accessible across all workloads.

insideBIGDATA AI News Briefs – 9/13/2023

Welcome insideBIGDATA AI News Briefs, our timely new feature bringing you the latest industry insights and perspectives surrounding the field of AI including deep learning, large language models, generative AI, and transformers. We’re working tirelessly to dig up the most timely and curious tidbits underlying the day’s most popular technologies. We know this field is advancing rapidly and we want to bring you a regular resource to keep you informed and state-of-the-art.

Survey: Over Half of Senior AI Professionals See at Least 2x ROI on AI Initiatives 

Dataiku, the platform for Everyday AI, together with Databricks, the data and AI company, revealed survey findings that shed light on AI’s transformative impact on businesses globally. The findings confirm that AI, including Generative AI, is now experiencing an impactful level of business results, matching its rapid rate of adoption. 

Generative AI Can Make Business Intelligence Even Smarter – Here’s How

In this contributed article, Ali Ahmed, General Manager of the Enterprise Applications business unit at Cloud Software Group, discusses how both AI and machine learning (ML) will continue to promote optimized business intelligence, especially with regards to data analytics and management, along with how business intelligence ensures the accessibility of critical data is available to all key decision makers

Survey Shows Top-Down Pressure to Adopt Generative AI, But Just 30% of Enterprises are Ready to Do So Today 

Executives at large enterprises across the globe are facing unprecedented pressures around adopting generative artificial intelligence (GenAI), addressing ever-increasing data complexity, and managing a growing skills gap. That’s according to a new IDC survey, sponsored by Teradata (NYSE: TDC).

The insideBIGDATA IMPACT 50 List for Q3 2023

The team here at insideBIGDATA is deeply entrenched in keeping the pulse of the big data ecosystem of companies from around the globe. We’re in close contact with the movers and shakers making waves in the technology areas of big data, data science, machine learning, AI and deep learning. Our in-box is filled each day with new announcements, commentaries, and insights about what’s driving the success of our industry so we’re in a unique position to publish our quarterly IMPACT 50 List.

Cloudera Expands Open Data Lakehouse for Trusted Enterprise AI 

Cloudera, the hybrid data company, announced today an expansion of its Open Data Lakehouse offerings enabling customers to have a foundation for analytic and AI capabilities in their enterprises for all their data – in the cloud and now on-premises. Cloudera was an early proponent of Apache Iceberg, introducing support in its CDP-Public Cloud offering last year and recently rolling out support for Iceberg V2.  Today, Cloudera is announcing support for Apache Iceberg for CDP-Private Cloud, available now as a tech preview and with General Availability later this summer.  Cloudera delivers Iceberg everywhere customer data resides facilitating innovation anywhere.