Covering Scientific & Technical AI | Sunday, June 21, 2026

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Cohere’s LLM Solutions Advance Knowledge Work in Financial Services
July 1st, 2024 Comments Off on Cohere’s LLM Solutions Advance Knowledge Work in Financial Services
July 1, 2024 -- While generative AI (GenAI) is reinventing how work gets done across industries, financial services (FS) is poised to reap the greatest productivity gains. According to Accenture, banks could see an impressive 30% boost in productivity, topping ...

Softserve Study Finds Only 22% Effectively Using Gen AI Across All Business Functions
June 28th, 2024 Comments Off on Softserve Study Finds Only 22% Effectively Using Gen AI Across All Business Functions
AUSTIN, Texas, June 28, 2024 -- SoftServe, a premier IT consulting and digital services provider, released its findings of the latest study commissioned to evaluate current Generative AI (Gen AI) use across global businesses conducted by research and advisory ...

Orby AI Raises $30M to Enhance AI Capabilities for Complex Workflow Automation
June 28th, 2024 Comments Off on Orby AI Raises $30M to Enhance AI Capabilities for Complex Workflow Automation
MOUNTAIN VIEW, Calif., June 28, 2024 -- Orby AI has announced the closing of its series A round of financing, raising $30 million from world-class investors. The round was co-led by New Enterprise Associates (NEA), Wing VC and WndrCo ...

Axelera AI Raises $68M Series B Funding to Accelerate Next-Gen AI
June 27th, 2024 Comments Off on Axelera AI Raises $68M Series B Funding to Accelerate Next-Gen AI
June 27, 2024 -- Axelera AI, the leading provider of purpose-built AI hardware acceleration technology for generative AI and computer vision inference, today announced its successful close of an oversubscribed $68 million Series B financing round, bringing the total amount ...

Vultr Unveils New Research Highlighting AI Maturity’s Impact on Business Success
June 27th, 2024 Comments Off on Vultr Unveils New Research Highlighting AI Maturity’s Impact on Business Success
WEST PALM BEACH, Fla., June 27, 2024 -- Vultr today released a new industry report, The New Battleground: Unlocking the Power of AI Maturity with Multi-Model AI. The new study reveals a clear correlation between an organization’s AI maturity and ...

Bearing AI Expands AI-Powered Deployment Planner to Tramp Shipping
June 27th, 2024 Comments Off on Bearing AI Expands AI-Powered Deployment Planner to Tramp Shipping
PALO ALTO, Calif., June 27, 2024 -- Following the success of its Deployment Planner for liner shipping companies, Bearing AI has announced a set of powerful new features designed specifically for tramp shipping companies. Unlike liner operators, tramp shipping ...

European Commission Awards Large AI Grand Challenge Prizes to European AI Startups and SMEs
June 27th, 2024 Comments Off on European Commission Awards Large AI Grand Challenge Prizes to European AI Startups and SMEs
June 27, 2024 -- The European Commission announced the winners of the Large AI Grand Challenge: four innovative AI start-ups from Europe will share the prize of €1 million and 8 million computational hours, advancing Europe's leadership in AI ...

Lenovo Launches New Suite of AI Solutions for Enterprise
June 26th, 2024 Comments Off on Lenovo Launches New Suite of AI Solutions for Enterprise
June 26, 2024 -- Lenovo today unveiled new comprehensive enterprise AI solutions designed to help any company develop and deploy AI with turnkey services, business-ready vertical solutions and energy-efficient innovations designed to accelerate the practical application of AI. To ...

Oracle’s HeatWave GenAI Brings LLMs and Automated Vector Store to Databases
June 26th, 2024 Comments Off on Oracle’s HeatWave GenAI Brings LLMs and Automated Vector Store to Databases
AUSTIN, Texas, June 26, 2024 -- Oracle today announced the general availability of HeatWave GenAI, which includes the industry's first in-database large language models (LLMs), an automated in-database vector store, scale-out vector processing, and the ability to have contextual ...

US Lawmakers Call for AI Oversight in Medicare Coverage
June 26th, 2024 Comments Off on US Lawmakers Call for AI Oversight in Medicare Coverage
WASHINGTON, June 26, 2024 -- Reps. Jerrold Nadler (NY-12), Judy Chu (CA-28), and Sen. Elizabeth Warren (MA) led 45 House Members and 4 Senators in a bicameral, bipartisan letter this week urging the Centers for Medicare and Medicaid Services (CMS) ...
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