AI Newswire (Page 57)

NEW YORK, June 13, 2024 /PRNewswire/ -- Amid rising demand for data centers and computing power for artificial intelligence (AI), cloud storage, and crypto assets, analysts are predicting a significant rise in electricity demand, potentially overloading the US grid. A new report from The Conference Board, Smart Power: Will AI Spike Electricity Demand or Reduce It Through Efficiencies?, analyzes the potential that the rise of AI will fuel a major increase in electricity demand.

Company Launches New Foundation Models AI Team, Partners with University of Washington for Robotics Research, and Opens Seattle Office SEATTLE, June 13, 2024 /PRNewswire/ -- Collaborative Robotics (Cobot), a leader in the development of practical collaborative robots (cobots), today announced an advancement in its AI research capabilities with the establishment of a new Foundation Models AI team. The initiative marks a significant milestone in Cobot's strategic expansion and is led by Michael Vogelsong, a founder of Amazon's Deep Learning Tech team, who recently joined Cobot.

ARLINGTON, Va., June 13, 2024 /PRNewswire/ -- Govini, the software company that accelerates the defense acquisition process, today released its 2024 National Security Scorecard. The Scorecard exposes vulnerabilities in America's national security posture, including an overreliance on R&D over production-ready artificial intelligence (AI) and prevalent supply chain risks across major weapons programs.

Most consumers realize the revolutionary potential of generative AI and are excited about its potential to make the world a better place, despite the risks PARIS, June 13, 2024 /PRNewswire/ - Today, BETC Havas unveiled the latest edition of its Prosumer Report, "GEN AI: What Kind of World Will We Live In?" The report takes an in-depth look at how people feel about the impact of AI and Generative AI (Gen AI), how people will (or won't) use it in the future, and how it will impact our everyday lives. To answer these questions, BETC Havas surveyed more than 14,000 respondents in 32 markets across Europe, Asia, Africa, and the Americas.

LOS ANGELES, June 13, 2024 /PRNewswire/ -- LawPro.ai, an innovative tech company that uses AI-driven solutions for the legal industry, announced today the successful completion of a seed investment round. This investment will accelerate LawPro.ai's mission to transform the legal industry by leveraging cutting-edge AI technology to enhance efficiency, accuracy, and accessibility in law firms' ability to review medical records.

NEW YORK, June 13, 2024 /PRNewswire/ -- Further building on its GenAI leadership in the fixed income market, LTX, an AI-powered corporate bond trading platform backed by global Fintech leader Broadridge Financial Solutions Inc. (NYSE:BR), today announced GenAI-powered List Trading functionality. The new feature allows users to leverage GPT technology to generate and execute multi-asset class, multi-directional trade lists seamlessly via RFQ+. "In response to clients' positive engagement with our GenAI-powered app BondGPT and their request for similarly innovative trading capabilities, we developed GenAI-powered List Trading," said Jim Kwiatkowski, CEO of LTX. "This new functionality builds on LTX's foundation leveraging powerful AI and advanced trading protocols like RFQ+ and RFX to improve efficiency, increase time savings and offer greater flexibility in trading strategies." This new capability addresses the ongoing need to streamline workflows, as clients consistently seek to integrate GenAI into their pre-trade and trade execution processes.

Three-year partnership supports the development of cutting-edge AI solutions, enhancing customer experience and optimizing business operations MONTRÉAL, June 13, 2024 /CNW/ - Mila and Bell are pleased to announce a new partnership to develop cutting-edge AI solutions. This collaboration is driven by a shared vision to enhance customer experience, optimize business operations and cultivate a vibrant AI ecosystem within Québec and across Canada.

LOCI 2.0 detects emerging software anomalies and trends, provides guidance on the progress of project branches for seamless integration, and helps develop accurate, targeted tests, improving system quality, reliability, and compatibility TEL AVIV, Israel, June 13, 2024 /PRNewswire/ -- Aurora Labs today announced a technical preview of the new extended version of LOCI (Line-of-Code Intelligence™), the first AI Advisor Engineer with advanced prompting capabilities. Aurora Labs is building a future where anyone can be an expert developer or tester and make reliable, high-quality software using a proprietary Large Code Language Model (LCLM).

Australia's most trusted bank is using MongoDB Atlas and generative AI to significantly reduce costs and accelerate customer-focused innovation NEW YORK, June 13, 2024 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced that Bendigo and Adelaide Bank (ASX: BEN) has partnered with MongoDB to modernize its core banking technology with MongoDB Atlas as the keystone of an ambitious application modernization initiative. During the initiative, the bank: Reduced the development time required to migrate a core banking application off of a legacy relational database to MongoDB Atlas by up to 90%.

Robin AI Reports will help businesses close deals faster by radically disrupting the pace of due diligence and negotiations LONDON, June 13, 2024 /PRNewswire/ -- Robin AI, the AI-powered legal assistant, today announced a revolutionary new product line, Robin AI Reports, which automates a key piece of due diligence and negotiations, providing a boost to the sluggish pace of M&A. The new offering can generate reports on contracts in minutes — solving expensive pain points for legal teams, by dramatically cutting the time and cost of manual work in due diligence around M&A, IPOs, and other asset management including real estate and debt financing.