Press Release
AI Technology
Bad Data Makes Bad Decisions: 58% of Leaders Report Companies Using Inaccurate Data for Big Decisions
Feb 06, 2025
65% say no one at their organization fully understands the data aggregated or how to access it, according to global study from SoftServe AUSTIN, Texas, Feb. 06, 2025 (GLOBE NEWSWIRE) -- SoftServe, a premier IT consulting and digital services provider, today released survey results on the state of data management in 2025, unveiling significant benefits of strong data foundations while exposing the widespread deficits in data maturity affecting most businesses. The majority of the 750 business leaders surveyed barely grasp the value of their data as 65% of all respondents believe no one at their organization understands all the data collected and how to access it.
Press Release
AI Technology
Fast-track GenAI Success: Coveo Launches Passage Retrieval API for Secure, More Relevant AI Experiences
Feb 06, 2025
Passage Retrieval API enhances accuracy, relevance, and security, reducing hallucinations and protecting sensitive data for smarter, more reliable GenAI applications Proven with global enterprises, new Passage Retrieval API accelerates time-to-value with industry-leading retrieval MONTREAL and SAN FRANCISCO, Feb. 6, 2025 /PRNewswire/ - Coveo (TSX: CVO), the market leader in AI-Relevance — delivering AI-search, generative, and business-aware relevance at every point-of-experience, today announced that the Coveo Passage Retrieval API, a headless retrieval method for generative AI applications that leverages the Coveo's best-of-breed AI-Relevance Platform TM, is now generally available. Coveo's Passage Retrieval API: Strategic and critical for enterprises' GenAI success "Enterprises today are challenged with turning vast amounts of fragmented data into accessible and relevant knowledge for generative and conversational AI," said Laurent Simoneau, Co-Founder, President and CTO at Coveo. "While large language models (LLMs) hold immense potential, their success hinges entirely on the quality of the data they access—a growing concern as many enterprises develop their own GenAI applications.
Press Release
AI Technology
Social Links Launches Darkside AI Initiative to Address AI-Driven Cybercrime and Misinformation
Feb 06, 2025
Darkside AI initiative to combat AI misuse Social Links has announced the Darkside AI initiative designed to combat the rising misapplication of artificial intelligence. NEW YORK, NY, UNITED STATES, February 6, 2025 / EINPresswire.com / -- Social Links, a global leader in open-source intelligence (OSINT) solutions, has announced the Darkside AI initiative — a far-reaching new project designed to combat the rising misapplication of artificial intelligence in cybercrime, disinformation, and digital fraud.
Press Release
Digital Experience
Cloudinary Unveils AI Vision, its Latest Advancement for Smarter, Safer Image Management
Feb 05, 2025
Company also Enhances its Suite of Generative AI Tools to Help Brands Transform and Deliver Images at Scale with Greater Ease and Efficiency SAN JOSE, Calif.--( BUSINESS WIRE)-- Cloudinary, the image and video platform that powers the world’s top brands, today announced significant advancements in its generative AI portfolio, including AI Vision, which gives developers and brands an unprecedented level of control and insight into their visual media. Cloudinary also announced several enhancements to its most popular generative AI tools including Generative Enhance, Generative Fill, Generative Restore, and Generative Upscale.
Press Release
AI Technology
Gleen AI Announces Rebrand to Alhena AI: A New Identity for a Bold Future
Feb 05, 2025
SAN FRANCISCO, Feb. 5, 2025 /PRNewswire/ -- Gleen AI, a pioneer in AI-driven customer experience solutions, is proud to announce its rebranding to Alhena AI. This transformation reflects the company's evolution from a cost-saving customer support chatbot to a powerful omnichannel AI platform that drives profitability for online retailers. "We've come a long way from being just an AI-powered support solution—we're now a partner to customers in driving profitability," said Ashu Dubey, CEO and Co-founder of Alhena AI. "As our role has evolved, it was time for our identity to reflect that transformation.
Press Release
AI Technology
IBM Study: Gen AI Will Elevate Financial Performance of Banks in 2025
Feb 05, 2025
Initiatives are maturing from pilots and proofs of concept to targeted, enterprise-wide strategies ARMONK, N.Y., Feb. 5, 2025 /PRNewswire/ -- IBM (NYSE: IBM) today released its annual expectations for technology and transformation in the global financial services industry in the year ahead in the IBM Institute for Business Value 2025 Outlook for Banking and Financial Markets. Key Insights Gen AI adoption is set to soar.
Press Release
AI Technology
Worldpay to Acquire Ravelin, a Leading AI-Native Fraud Prevention Platform
Feb 04, 2025
Ravelin’s next-generation fraud prevention solutions complement and enhance Worldpay’s portfolio of solutions, delivering more value to customers and accelerating ecommerce growth. CINCINNATI & LONDON--( BUSINESS WIRE)-- Worldpay ®, a global industry leader in payments technology and solutions, today announced it has entered into a definitive agreement to acquire Ravelin, an AI-native fraud prevention platform headquartered in London, UK.
Press Release
Digital Experience
Quantinuum Announces Generative Quantum AI Breakthrough With Massive Commercial Potential
Feb 04, 2025
Quantinuum Unveils Generative Quantum AI Framework that Harnesses Unique Quantum-Generated Data to Tackle Complex Problems Impossible for Classical Computing BROOMFIELD, Colo. and LONDON, Feb. 4, 2025 /PRNewswire/ -- Quantinuum today announced a groundbreaking Generative Quantum AI framework (Gen QAI) – leveraging unique quantum-generated data to enable commercial applications in areas ranging from the development of new medicines, precise predictive modeling of financial markets and real-time optimization of global logistics and supply chains. The potential of these three capabilities alone is immense, and this framework is set to unlock solutions to other complex problems that classical computing cannot address.
Press Release
Digital Experience
AI Job Growth includes ChatGPT-Fueled Surge Amid Overall Employment Slowdowns
Feb 03, 2025
DeepSeek to Accelerate Trend Across Industries, According to UMD-LinkUp AI Maps COLLEGE PARK, Md., Feb. 3, 2025 /PRNewswire/ -- Since ChatGPT's late-2022 launch, AI job postings in the United States "have ramped up dramatically, from 29,509 in Q4 2022 to 49,577 in Q4 2024, an uptick of 68 percent," according to new analysis at UMD-LinkUp AI Maps, the world's first tool for mapping the creation of jobs requiring artificial intelligence skills and co-produced by researchers at the University of Maryland's Robert H. School of Business.
Press Release
Digital Experience
Tana raises $25M to Unlock the Power of Human-AI Collaboration
Feb 03, 2025
The AI-native workspace launches powerful Voice and AI workflows—attracting over 160,000 users to the waitlist. LONDON, Feb. 3, 2025 /PRNewswire/ -- Today, Tana, the all-in-one workspace that naturally integrates AI into everyday work, announced a $14 million Series A round led by Tola Capital, with participation from Lightspeed Venture Partners, Northzone, Alliance VC, and firstminute capital, which brings the company's total funding to $25 million.