Here is AITech365’s Weekly Roundup of the top news from global markets. In this fast-paced world, breaking down information helps readers grasp the nuances that follow the news.
In Cybersecurity news this week…
Concentric AI Secures $45M Series B to Grow in DSPM Market
Concentric AI, a leading vendor of intelligent AI-based solutions for autonomous data security posture management (DSPM), announced it has secured financing of $45M in a Series B round, bringing the company’s total funding to more than $67 million. The funding round was led by Top Tier Capital Partners and HarbourVest Partners. CyberFuture, a global CISO investment alliance, also participated in the funding after a thorough evaluation of numerous DSPM vendors. Existing investors Ballistic Ventures, Engineering Capital, Clear Ventures, and Citi Ventures also participated in this round.
In IT and DevOps news this week…
DRUID AI Makes AI Agents More Accurate With the launch of DRUID QA Agent
DRUID AI, a global leader in conversational and agentic AI, unveiled DRUID QA Agent which automates quality assurances (QA) and enables enterprises to quickly, efficiently, and completely test the accuracy of their AI agents prior to launch – avoiding any embarrassing or harmful answers by generative AI going “rogue.” By seamlessly integrating with any type of Large Language Model (LLM) or AI co-pilot, the solution streamlines the launch of autonomous AI agents by eliminating the need for dozens, or even hundreds, of human testers.
In Computing news this week…
ServiceNow Teams Up with NVIDIA to Boost AI Adoption in Enterprises
ServiceNow, the AI platform for business transformation announced a major expansion to its strategic partnership with NVIDIA to accelerate enterprise adoption of Agentic AI. The companies will use NVIDIA NIM Agent Blueprints to co-develop native AI Agents within the ServiceNow platform, creating use cases fueled by business knowledge that customers simply choose to turn on.
In Robotic Process Automation news this week…
Universal Robots Unveils Its AI Accelerator
Universal Robots, the Danish collaborative robot (cobot) company, has presented for the first time the UR AI Accelerator – a ready-to-use hardware and software toolkit created to further enable the development of AI-powered cobot applications.
In Healthcare news this week…
Tevogen AI Partners with Microsoft to Speed Drug Development
Tevogen Bio, a clinical-stage specialty immunotherapy biotech developing off-the-shelf, genetically unmodified T cell therapeutics to treat infectious disease and cancers, announces its Artificial Intelligence effort, Tevogen AI, has joined Microsoft for Startups. This partnership marks a significant milestone for Tevogen, providing unparalleled access to Microsoft’s extensive ecosystem. The partnership is set to accelerate and streamline the development of Tevogen’s proprietary algorithms, significantly advancing our mission to lower the total cost of drug development, expedite drug discovery, and deliver life-changing therapies to large patient populations.
In Generative AI news this week…
Informatica, a leader in enterprise AI-powered cloud data management, announced the availability of Generative AI (GenAI) Blueprints which make it faster and easier for customers to build enterprise-grade GenAI applications on six industry-leading technology platforms.
In Machine Learning news this week…
At IBM’s annual TechXchange event the company announced the release of its most advanced family of AI models to date, Granite 3.0. IBM’s third-generation Granite flagship language models can outperform or match similarly sized models from leading model providers on many academic and industry benchmarks, showcasing strong performance, transparency and safety.
Insight of the Week
Why Every Business Needs an Enterprise Virtual Assistant
It goes without saying that the virtual assistant market has grown exponentially in recent years. Did you know that hiring a virtual assistant has aided in the growth of their business, according to almost 80% of small business owners? So, what are enterprise virtual assistants specifically? In today’s fast-paced business world, a company must be both efficient and innovative to outpace the competition and thrive. Effectiveness at every stage, in every division, and in every aspect. That is the exact purpose for which the enterprise virtual assistant is made. A virtual assistant has reshaped the business landscape. It also affects employee and customer experiences.
