GPT

Troutman Pepper to Host First-of-its-Kind Generative AI Summit for Law Firms

Retrieved on: 
Thursday, May 9, 2024

NEW YORK, May 9, 2024 /PRNewswire/ -- Artificial intelligence leaders from more than 20 law firms will join Troutman Pepper for a summit focused on the use of generative AI in the legal industry, including associated use cases, training, ethical obligations, policy implications, and more. The Pathfinders Beyond Boundaries: Law Firm AI Summit will be held on Tuesday, May 14, 2024, at Troutman Pepper's New York office, located at 875 Third Avenue.

Key Points: 
  • The Pathfinders Beyond Boundaries: Law Firm AI Summit will be held on Tuesday, May 14, 2024, at Troutman Pepper's New York office, located at 875 Third Avenue.
  • The inaugural Law Firm AI Summit is designed as a platform for industry leaders to share insights, strategies, and experiences in navigating the evolving landscape of generative AI technologies.
  • "At the Summit, we will shed light on the paths taken by law firms that have harnessed the power of generative AI technologies and engage in meaningful discussion around inspirations, challenges, and breakthroughs."
  • Troutman Pepper was among the first law firms to launch a generative AI assistant, Athena.

RingCentral Announces First Quarter 2024 Results

Retrieved on: 
Tuesday, May 7, 2024

RingCentral, Inc. (NYSE: RNG), a leading provider of AI-driven cloud business communications, contact center, video, and hybrid event solutions, today announced financial results for the first quarter ended March 31, 2024.

Key Points: 
  • RingCentral, Inc. (NYSE: RNG), a leading provider of AI-driven cloud business communications, contact center, video, and hybrid event solutions, today announced financial results for the first quarter ended March 31, 2024.
  • Revenue: Total revenue was $584 million for the first quarter of 2024, up from $534 million in the first quarter of 2023, representing 9% growth.
  • Cash and Cash Equivalents: Total cash and cash equivalents at the end of the first quarter of 2024 was $203 million.
  • What: RingCentral financial results for the first quarter of 2024 and outlook for the second quarter and full year of 2024.

Eclypsium Supply Chain Security Platform Protects GenAI Infrastructure with Addition of Hardware and Training Model Assessment Capabilities

Retrieved on: 
Tuesday, May 7, 2024

RSA Conference – Eclypsium , the supply chain security company protecting critical hardware, firmware, and software, today announced new GenAI assessment capabilities for its Supply Chain Security Platform .

Key Points: 
  • RSA Conference – Eclypsium , the supply chain security company protecting critical hardware, firmware, and software, today announced new GenAI assessment capabilities for its Supply Chain Security Platform .
  • The new capabilities help secure the fundamental layers of the generative artificial intelligence (GenAI) tech stack through support for NVIDIA hardware and popular GenAI foundation models.
  • As demand for GenAI skyrockets, IT infrastructure is changing rapidly to accommodate training and inference requirements.
  • Meanwhile, the addition of popular GenAI foundation models to Eclypsium’s supply chain intelligence allows organizations to better understand and compare the risk of various closed- and open-source GenAI foundation models.

Artificial Intelligence Risk, Inc. Launches RIA GPT, the First Generative-AI Platform Specifically for Registered Investment Advisors (RIAs)

Retrieved on: 
Monday, May 6, 2024

Artificial Intelligence Risk, Inc. (AI Risk, Inc.), the leader in AI Governance, Risk, Compliance, and Cybersecurity (AI GRCC) software, announced today the launch of RIA GPT , a new software platform providing safe, secure, generative-AI for registered investment advisors (RIAs).

Key Points: 
  • Artificial Intelligence Risk, Inc. (AI Risk, Inc.), the leader in AI Governance, Risk, Compliance, and Cybersecurity (AI GRCC) software, announced today the launch of RIA GPT , a new software platform providing safe, secure, generative-AI for registered investment advisors (RIAs).
  • The platform, the first of its kind, complies with all SEC confidentiality, recordkeeping, and cybersecurity rules for RIAs.
  • AI Agents are essentially AI tools that provide specialized services within the AI Risk (AIR) platform suite.
  • This creates a seamless and robust generative AI solution that improves productivity and client outcomes, while also managing regulatory and security concerns.

PAXAFE Raises $9M Series A to Transform AI-Powered, Autonomous Cold Chain Logistics

Retrieved on: 
Tuesday, May 7, 2024

INDIANAPOLIS, May 7, 2024 /PRNewswire/ -- PAXAFE, the company delivering AI-powered decision support for cold chain logistics, has announced a $9M Series A funding round led by Framework Venture Partners, with new participation from M12 (Microsoft's Venture Fund), Rosecliff Ventures, Elevate Ventures, AngelList Quant Fund, Gaingels, Mana Ventures and existing participants Ubiquity Ventures and Venture53. This new round brings the total funding raised to date to $14M; the capital will be used to meet increasing customer demand, fuel product innovation and expand global operations and key partner ecosystems.

Key Points: 
  • Global cold chain, one of the fastest growing sectors in supply chain, was valued at over $281B in 2022 and is expected to reach $327B by 2029.
  • The critical need for constant refrigeration from source to final destination has created significant cost and time-related challenges for cold chain logistics.
  • "We are on a mission to quantify strategic and operational cold chain risk through AI-powered automation," said Ilya Preston, co-founder and CEO, PAXAFE.
  • PAXAFE transforms quality, transportation, and logistics operations for high-profile pharmaceutical and produce manufacturers, and cold chain service providers like Carrier , Transposafe and Hive-Zox .

G2 Declares unitQ "High Performer" In Customer "Feedback Analytics" Space

Retrieved on: 
Tuesday, May 7, 2024

BURLINGAME, Calif., May 7, 2024 /PRNewswire/ -- unitQ, the leading AI platform empowering organizations to take a user-centric, real-time data-driven approach to craft high quality products, services and experiences, announced today unitQ has been recognized as a "High Performer" by G2 in the "Feedback Analytics" category for Spring of 2024.

Key Points: 
  • This is the fifth time unitQ has been named a "High Performer" by the G2 trusted software marketplace and the third time for 2024.
  • More than 80 million people annually — including employees at all Fortune 500 companies — use G2 to make smarter software decisions based on authentic peer reviews.
  • Being recognized by G2, the world's leading business solution review platform, means that unitQ customers have vouched for our product, finding tangible value in the AI-powered customer feedback analytics software unitQ provides.
  • unitQ's latest recognition as a G2 "High Performer" follows a spate of unitQ innovations and product advancements for its proprietary AI platform.

CyCognito Announces New AI Features to Enhance Attack Surface Asset Discovery and Testing

Retrieved on: 
Wednesday, May 1, 2024

PALO ALTO, Calif., May 1, 2024 /PRNewswire/ -- CyCognito today announced a major expansion of its leading Exposure Management platform. The latest enhancements introduce new AI search, enabling plain language queries across any customer's attack surface, as well as the ability to process financial information from multiple countries in multiple languages to extract and analyze organizational data. CyCognito now also translates machine-readable signals into human-readable statistics and labels.

Key Points: 
  • "Each of these features builds on CyCognito's expansive AI foundation and reflects the company's years of expertise applying AI to cybersecurity."
  • CyCognito's new AI Search enables users to conduct plain language searches across any aspect of a customer's attack surface without needing to learn and use proprietary query languages.
  • Building an attack surface map for an organization requires scanning thousands of different types of devices and interpreting the signals they send back.
  • Since its founding, CyCognito has leveraged AI to power robust and accurate attack surface discovery and testing.

unitQ GPT Wins Gold at American Business Awards for AI-Driven Customer Feedback Analytics

Retrieved on: 
Monday, April 29, 2024

"unitQ GPT stands out as a leading solution in leveraging AI for operational optimization and customer experience enhancement, with strong potential for continued growth and impact in the market," said the judges of the American Business Awards, nicknamed the Stevie Awards.

Key Points: 
  • "unitQ GPT stands out as a leading solution in leveraging AI for operational optimization and customer experience enhancement, with strong potential for continued growth and impact in the market," said the judges of the American Business Awards, nicknamed the Stevie Awards.
  • The Gold medal from the American Business Awards comes a month after unitQ was awarded another top prize for its artificial intelligence.
  • With unitQ GPT, learn directly from what users are sharing, across any feedback source, all in real-time.
  • unitQ's recognition as an American Business Awards winner follows a spate of unitQ innovations and product advancements for its proprietary AI customer feedback analytics platform.

AppDirect Launches AppDirect AI—An AI Marketplace and Creation Studio That Provides the Ability to Create and Use Purpose-built, Secure AI Apps in Minutes

Retrieved on: 
Tuesday, April 30, 2024

AppDirect , the world's leading B2B subscription commerce platform, today announced the launch of AppDirect AI , a simple and secure marketplace and creation studio that accelerates organizations’ ability to create, adopt, and benefit from AI apps.

Key Points: 
  • AppDirect , the world's leading B2B subscription commerce platform, today announced the launch of AppDirect AI , a simple and secure marketplace and creation studio that accelerates organizations’ ability to create, adopt, and benefit from AI apps.
  • What sets AppDirect AI apart is its users’ ability to create an AI app within minutes using their choice of proprietary data sources, in a fully secure environment that protects the privacy of their data.
  • “This new AI offering from AppDirect is a game changer in the channel,” said Nicolas Desmarais, Chairman and CEO at AppDirect.
  • AppDirect AI gives users flexibility in how they augment the AI with their data and update their AIs seamlessly.

Global Generative AI Market Research, 2023-2024 & 2033: Start-ups Accounted for Just 12% Market Share in 2022 but More Companies are Expected to Enter the $230+ Billion Market Every Year - ResearchAndMarkets.com

Retrieved on: 
Monday, April 29, 2024

In 2022, the generative AI market was dominated by established players, accounting for 88% of the market share, whereas start-ups managed to capture 12% of the market.

Key Points: 
  • In 2022, the generative AI market was dominated by established players, accounting for 88% of the market share, whereas start-ups managed to capture 12% of the market.
  • With the increasing adoption of generative AI solutions across various industries, more players will enter the global generative AI market with each passing year.
  • The natural language processing (NLP) segment dominated the global generative AI market (by offering) in 2022 with a 38.89% share.
  • Competitive Strategy: Key players in the generative AI market analyzed and profiled in the study involve major companies offering generative AI solutions designed for various applications.