AI Newswire (Page 26)

Acquisition Extends Grammarly Beyond AI Assistant to Become an AI Productivity Platform for Apps and Agents SAN FRANCISCO--( BUSINESS WIRE)-- Grammarly, the trusted AI assistant, today announced its intent to acquire productivity platform Coda, with Coda’s CEO and Co-Founder Shishir Mehrotra set to become the new CEO of Grammarly. The addition of Coda’s flexible and powerful AI tools and surfaces aims to transform Grammarly into an AI productivity platform for apps and agents where customers can unlock access to company knowledge, generative AI chat, a productivity suite, and capable, trusted AI agents to work smarter and faster. “For the past 15 years, Grammarly has been building an AI super highway with the capacity and expertise to do so much more than writing assistance for our customers,” said Alex Shevchenko, Grammarly co-founder. “The acquisition of Coda is a big step toward achieving our vision of a world where humans and AI work together everywhere work happens.

Funding led by new investor Thrive Capital Company expects to cross $3B in revenue run rate and achieve positive free cash flow in fourth quarter SAN FRANCISCO, Dec. 17, 2024 /PRNewswire/ -- Databricks, the Data and AI company, today announced its Series J funding. The company is raising $10 billion of expected non-dilutive financing and has completed $8.6 billion to date.

In its recently released blueprint, Info-Tech Research Group is providing insurers with a comprehensive framework to tackle the growing challenges of data privacy in the age of AI. In the resource, the global research and advisory firm recommends AI training, strong data governance, and proactive risk management to help insurers safeguard personally identifiable information (PII) while using AI for underwriting, claims processing, and customer engagement.

Leader in AI lending technology to further accelerate product innovation and take aim at high impact M&A opportunities BURBANK, Calif., Dec. 13, 2024 /PRNewswire/ -- Zest AI, a leader in AI lending technology, announced a $200 million growth investment from global software investor Insight Partners to support the company's next phase of transformation. The growth capital will enable Zest AI to double down on its current product portfolio, continuing to advance fraud protection and generative AI – all to build the future of lending through AI.

ARMONK, N.Y., Dec. 12, 2024 /PRNewswire/ -- The IBM (NYSE: IBM) Institute for Business Value today published its latest 'Automotive 2035' study which reveals an industry grappling with an erratic transition away from current products and business models. The study highlights that over the next decade, 80% of new cars will have a powertrain that will be electrified to some extent, according to respondents.

A new Altrata study examines the background and characteristics of this emerging executive position. NEW YORK, Dec. 12, 2024 /PRNewswire/ -- Today Altrata, the leader in intelligence on the wealthy and well-connected, released 2024 Executive Insight: Chief AI Officers, a look at the evolving role of Chief AI Officers.

The unique RapidCanvas service-as-a-software model helps enterprise companies implement tailored AI solutions without technical talent by combining cutting-edge AI agents with expert guidance Austin, Texas - December 11, 2024; As AI adoption accelerates, a critical shortage of technical talent threatens to bottleneck progress for many companies. RapidCanvas is breaking this barrier by democratizing AI-driven business transformation.

Global Marketing Executive Brings Hypergrowth Leadership Experience to LinkSquares BOSTON, Dec. 10, 2024 /PRNewswire/ -- LinkSquares, a leader in AI-powered contract analytics and contract management solutions, proudly announces the appointment of Biju Muduli as its Chief Marketing Officer. Biju brings over 20 years of global marketing experience from leading-edge technology companies.

PORTLAND, Ore., Dec. 5, 2024 /PRNewswire/ -- Sightglass, a new AI-powered investor relations platform for the private markets, announced today that it has raised a $3 million Seed funding round led by Base10 Partners. Sightglass was founded by Thomas Buley, who has spent his career in finance and fintech, most recently as the VP of Product at Guideline.

WASHINGTON, Dec. 5, 2024 /PRNewswire/ -- Shield AI, the defense technology company building autonomy for the world, has announced it is expanding its work with Palantir Technologies Inc. (NASDAQ: PLTR), a leading provider of AI systems, to develop and deliver large-scale command and control of autonomous uncrewed systems, including operations in GPS- and communications-denied environments. With Warp Speed, Palantir's manufacturing OS for American re-industrialization, Shield AI is doubling down on its commitment to delivering scalable, AI-powered solutions to protect service members and civilians.