AI Newswire (Page 56)

In a $2.5+ trillion industry, GrayMatter continues to set new standards with a 2~4x improvement in production line productivity, 30% or more reduction in consumable waste, and a system availability of over 95%. GrayMatter has a growing customer base across industries including aerospace & defense, specialty vehicles, maritime, metal fabrication, and consumer products such as sports equipment.

9 in 10 companies have already deployed or are piloting generative AI technology Businesses are prioritizing AI deployments with multi-million-dollar budgets and people commitments Generative AI is meeting or exceeding expectations in ~75% or more of cases BOSTON, June 20, 2024 /PRNewswire/ -- Generative AI is now virtually ubiquitous in global businesses, with major companies having strongly prioritized commitments to it and AI deployments having spread at a near unprecedented pace for adoption of a new technology that is still accelerating, new research from Bain & Company reveals. Bain's latest proprietary cross-industry Generative AI Survey 1 indicates that almost 9 in 10 companies (87%, up from 83% in October last year) have already deployed or are now piloting the technology, with adoption continuing to climb rapidly across all use cases.

NEW YORK, June 20, 2024 /PRNewswire/ -- Today e-commerce tech and retail veteran Julie Bornstein along with co-founders Matt Fisher, Dan Cary, Lisa Green and Richard Kim announce they raised a $50M seed round co-led by Forerunner Ventures and Index Ventures with participation from GV (Google Ventures) and True Ventures to launch Daydream, a powerful new, AI-powered platform that will change the way people shop online. Launching in Beta this fall, Daydream will introduce its first shopping category, a highly personalized shopping experience powered by a built-in, superhuman search engine that offers a better way to find and discover women's and men's fashion.

AI Storage as-a-Service and other solutions showcased at //Accelerate deliver the best foundation for AI and cyber resilience LAS VEGAS, June 19, 2024 /PRNewswire/ — Pure Storage//Accelerate — Pure Storage ® (NYSE:PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, today announced new capabilities in the Pure Storage platform that are changing the game for how IT and business leaders can radically improve their ability to deploy AI, improve cyber resilience, and modernize their applications. The Pure Storage platform delivers agility and risk reduction to organizations with a simple, consistent storage platform and an as-a-service experience for the broadest set of use cases across on-premises, public cloud, and hosted environments.

White paper 133 provides comprehensive guidance on selecting the optimal liquid cooling architecture for AI servers, addressing common challenges and solutions. Highlights the benefits of liquid cooling, including improved energy efficiency, enhanced server performance, and reduced environmental impact.

WPP Open for B2B is powered by IBM's watsonx AI and data platform to solve complex B2B marketing challenges IBM is the first user of the platform to accelerate its AI-driven marketing and communications transformation WPP and IBM will collaborate with LinkedIn to better understand buying groups CANNES, France, June 19, 2024 /PRNewswire/ -- WPP (NYSE: WPP) and IBM (NYSE: IBM) today announced the launch of a new business-to-business (B2B) solution powered by IBM's AI and data platform watsonx designed to reinvent how B2B marketers identify and engage clients and prospects across the buying journey. WPP Open for B2B will help marketers solve complex B2B marketing challenges, accurately identify and engage buying groups, and improve clients' return on investment.

Expanded Manufacturing Footprint is Targeted to Bring Global Liquid-Cooled Rack Capacity to More than Double Today's 1,000 AI SuperClusters Shipped Per Month SAN JOSE, Calif., June 17, 2024 /PRNewswire/ -- Supermicro, Inc. (NASDAQ: SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, continues to expand in Silicon Valley with new campuses as the demand for liquid-cooled data center increases. The new facilities will be part of the new liquid-cooled ecosystem, reducing the time needed to deliver to customers worldwide.

TORONTO, June 14, 2024 /PRNewswire/ - Today, INOVAIT and the Government of Canada announced a $10.7 million investment in contributions to seven commercialization-focused R&D projects under the second iteration of INOVAIT's Focus Fund program. Founded by the Sunnybrook Research Institute (SRI) and supported by the Government of Canada's Strategic Innovation Fund (SIF), INOVAIT is Canada's network focused on advancing image-guided therapy (IGT) through the integration of artificial intelligence (AI), big data, and machine learning.

NEW YORK and SAN FRANCISCO, June 14, 2024 /PRNewswire/ -- Notable Capital, a global venture capital firm, today announced NextGen Fellows 2024, an initiative dedicated to equipping exceptional college students from underrepresented backgrounds with the experience they need to excel in today's AI-enhanced tech industry. This year's program, the fourth year of the NextGen Fellows effort, reflects a significant shift in preparing the workforce of the future.

WILMINGTON, N.C., June 14, 2024 /PRNewswire/ -- This "StructuralAI" from UmbrellaAI enables transparent applications where users can see and audit how the AI makes its decisions. This is in direct contrast to the more well-known GenerativeAI using Large Language Models (LLM).