Inflection

Leading Global Payment Consultancy CMSPI Appoints President Elley Frost as CEO

Retrieved on: 
Thursday, February 15, 2024
Professional Services, Payments, Data Management, Technology, Finance, Consulting, Culture, Inflection, Growth, Multimedia, Management

Leading global payments consultancy CMSPI has appointed tenured President Elley Frost CEO effective May 1, 2024.

Key Points: 
  • Leading global payments consultancy CMSPI has appointed tenured President Elley Frost CEO effective May 1, 2024.
  • CMSPI works with over one-third of the top global fortune 500 merchants to optimize their payment acceptance environments by delivering cost savings and increased performance.
  • View the full release here: https://www.businesswire.com/news/home/20240215476923/en/
    Elley Frost, President, CMSPI and newly appoint CEO.
  • In addition to opening CMSPI’s Atlanta location, Elley leads global business development and has worked directly with CMSPI clients to achieve high-impact results.

CHAI AI: A Top Platform for Conversational Artificial Intelligence

Retrieved on: 
Wednesday, February 14, 2024
Software, PALO, Reddit, Safe, AI, Crowdsourcing, UGC, Inflection, Generative, Artificiality, ChatGPT, GPT-4, MAU, Synthetic media, LLM, DAU, GPU, Ecosystem, Policy, Character.ai, Sequoia Capital, Artificial general intelligence, AGI, NSFW, Character, OpenAI, Research, User-generated content, Tea

PALO ALTO, Calif., Feb. 14, 2024 /PRNewswire/ -- In the dynamic landscape of AI-powered content generation, OpenAI stands at the forefront of Artificial General Intelligence (AGI) research. However, the primary purpose of products such as GPT-4 is to act as a productivity aid, for tasks such as coding. In addition, access to the best such models is often restricted by paywalls. These limitation have led to the growing popularity of other platforms which are primarily focused on providing Generative AI for consumers.

Key Points: 
  • On the consumer side, the main use case for Generative AI is for conversational purposes, with the leading platform, TikTok, amassing over 1 billion monthly active users.
  • The largest emerging players are Character.AI and Chai AI, reporting 20 million and 5 million monthly active users, respectively.
  • One of the main differentiators setting TikTok, Chai AI , and Character AI apart is their platform-centric approach to Chat AI.
  • Unlike other Generative AI products, which typically offer models developed in-house, Chai AI has recently introduced their developer platform, Chaiverse .

FertilityIQ Rebrands as Inflection to Help Employees During Life’s Pivotal Moments

Retrieved on: 
Tuesday, January 23, 2024
Health, Health Technology, General Health, Vitamins, Supplements, Pharmaceutical, Biotechnology, Woman, Stanford University, Patient, MD, Inflection, International Menopause Society, Insurance, Harvard University, Menopause, University of Oxford, McGill University, Doctor of Philosophy, Spouse, Education, Management

FertilityIQ, the world’s largest educational platform for menopause and family-building, announces its rebranding as Inflection .

Key Points: 
  • FertilityIQ, the world’s largest educational platform for menopause and family-building, announces its rebranding as Inflection .
  • According to International Menopause Society chair Dr. Nick Panay, “Great education is critical to helping women through menopause.
  • Inflection clients include over 30% of “The Best Places to Work” with a perfect 100% large client retention rate.
  • Inflection’s enterprise clients experience double-digit utilization rates, easy implementation (Inflection takes no PHI), and often can have their insurance carrier pay all fees.

Violet Launches Permissionless Compliance Network

Retrieved on: 
Wednesday, November 22, 2023
Heart, Growth, Inflection, KYT, Privacy, AML, KYC, Cryptocurrency

Violet makes on-chain finance available to anyone by launching a comprehensive Compliance as a Service offering

Key Points: 
  • Berlin, Germany--(Newsfile Corp. - November 22, 2023) - Today, Violet launches its permissionless Compliance as a Service suite.
  • Permissionless compliance allows any builder to access Violet as a public infrastructure service without paying fees.
  • Markus Maier, co-founder at Violet, explains: "Lawmakers have made it clear that compliance in crypto is no longer optional.
  • Philipp Banhardt adds: "With Violet we intend to grow the largest compliance network in crypto, evolving trust on-chain to enable the next phase of growth for on-chain finance.

CoreWeave Announces Secondary Sale of $642 Million

Retrieved on: 
Monday, December 4, 2023
GPU, PIMCO, JPMorgan Chase, Magnetar Capital, Mistral, Alberta Investment Management Corporation, Drug discovery, Cloud computing, AI, IMCO, BlackRock, Inflection, Cryptocurrency, Medical device, NVIDIA

CoreWeave is delivering the next generation of cloud computing, with a modern approach to hardware engineering and proprietary software stack that is designed specifically for the most complex and intensive workloads like generative AI and drug discovery -- filling a void left unaddressed by the generalized offerings provided by hyperscalers. The Company's specialized approach to combining hardware and software expertise provides unprecedented performance, while also delivering complete end-to-end control of the compute environment for customers to optimize workload management, visibility and stability.

Key Points: 
  • "The AI industry is at an inflection point, and CoreWeave has played a central role in powering its evolution by delivering differentiated infrastructure to customers," said Michael Intrator.
  • "CoreWeave is solving critical issues by integrating the most performant and flexible GPU, networking and storage technologies into the most differentiated AI infrastructure available today.
  • In April, CoreWeave announced it had raised $221 million in Series B funding led by Magnetar Capital with contributions from NVIDIA, Nat Friedman and Daniel Gross.
  • One month later, CoreWeave secured $200 million in a Series B extension, also led by Magnetar Capital.

Global Digital Infrastructure Sourcing Leader Inflect Expands Instant Pricing Tool to Include Lumen Dedicated Internet Access (DIA)

Retrieved on: 
Thursday, November 30, 2023
Dedicated, Acquisition, Research, SAN, Lumen Technologies, DIA, Automation, Online shopping, Sales, Inflection, Lumen

SAN FRANCISCO, Nov. 30, 2023 /PRNewswire/ -- Inflect, Inc., the world's leading marketplace for buyers and sellers of digital infrastructure, today announced the availability of instant pricing for Dedicated Internet Access (DIA) from Lumen Technologies in the Inflect portal. Lumen's integration into the Inflect portal means that customers turning to Inflect's global digital infrastructure marketplace to source DIA can receive immediate price quotes from Lumen. This expedites the quoting process by removing the need to submit a request for pricing that may take days or weeks to complete. Instant pricing for Lumen DIA through the Inflect portal is now accessible in more than 145,000 on-net locations.

Key Points: 
  • SAN FRANCISCO, Nov. 30, 2023 /PRNewswire/ -- Inflect, Inc. , the world's leading marketplace for buyers and sellers of digital infrastructure, today announced the availability of instant pricing for Dedicated Internet Access (DIA) from Lumen Technologies in the Inflect portal.
  • Lumen's integration into the Inflect portal means that customers turning to Inflect's global digital infrastructure marketplace to source DIA can receive immediate price quotes from Lumen.
  • Instant pricing for Lumen DIA through the Inflect portal is now accessible in more than 145,000 on-net locations.
  • Just as other industries have been redefined by digital transformation, Inflect is leading a global transformation of digital infrastructure sourcing, procurement and management.

Fortune Debuts Power List of 50 AI Innovators

Retrieved on: 
Tuesday, November 21, 2023
Computer, Brainstorm, Common Sense Media, Salesforce, Map, Walmart, OpenAI, AARP, Conifer cone, Software, ARC, Khan Academy, Khosla Ventures, VCS, Inflection, Torna ai felici dì, Amgen, Meta, Greylock Partners, Medical device, Pfizer, GM, Goliath, Cloudflare, Qualcomm, Accenture, AI, Runway, Nvidia

NEW YORK, Nov. 21, 2023 /PRNewswire/ -- Today Fortune debuted its inaugural Fortune 50 AI Innovators power list, the essential guide to the companies that are creating this future-defining technology, and a sector now attracting one out of every four startup investment dollars.

Key Points: 
  • Inaugural Fortune 50 AI Innovators includes established players: OpenAI, Anthropic, Google DeepMind, Meta, and Nvidia; and array of emerging players:  Adept, Runway, Pinecone, Exscientia, and ARC
    Representatives of Fortune 50 AI Innovators are attending Fortune's Brainstorm AI conference in San Francisco, Dec 11-12 with founding partner Accenture
    NEW YORK, Nov. 21, 2023 /PRNewswire/ -- Today Fortune debuted its inaugural Fortune 50 AI Innovators power list, the essential guide to the companies that are creating this future-defining technology, and a sector now attracting one out of every four startup investment dollars.
  • For the inaugural Fortune 50 AI Innovators list, Fortune canvassed VCs, industry analysts, and our own formidable staff of AI experts to identify companies that are at the cutting edge.
  • In the Fortune 50 AI list there are plenty of Davids, such as Adept, Runway, Pinecone, Exscientia, and ARC, to name a few.
  • Many on that list will be speaking at or attending the Fortune Brainstorm AI 2023 in San Francisco, December 11-12.

MLCommons Announces the Formation of AI Safety Working Group

Retrieved on: 
Thursday, October 26, 2023
Software, Mobile, Wireless, Networks, Internet, Data Management, Public Safety, Apps, Applications, Technology, Public Policy, Artificial Intelligence, Security, Government, AI safety, Research, Eindhoven University of Technology, Inflection, Stanford University, AIS, Meta, White House, Foundation models, Microsoft, Language, LLM, Risk management, Public sector, Machine learning, Intel, Qualcomm, University, Benchmarking, White, HELM, Safety, AI, Toxicity, Bias, Associate, Medical device, NVIDIA, OpenAI

Today, MLCommons® , the leading AI benchmarking organization, is announcing the creation of the AI Safety (AIS) working group.

Key Points: 
  • Today, MLCommons® , the leading AI benchmarking organization, is announcing the creation of the AI Safety (AIS) working group.
  • The AIS will develop a platform and pool of tests from many contributors to support AI safety benchmarks for diverse use cases.
  • The AIS working group will draw upon the technical and operational expertise of its members, and the larger AI community, to help guide and create the AI safety benchmarking technologies.
  • I’m very excited to work with MLCommons to leverage HELM for AI safety evaluation, which is a topic that I’ve been thinking about for 7 years, but has become extremely urgent with the rise of powerful foundation models.”
    The AIS working group believes that, as testing matures, standard AI safety benchmarks will become a vital element of our approach to AI safety.

Global VC Investment Remains Muted, Falling to $77.4 Billion Across 7,783 Deals in Q2’23 – According to KPMG Private Enterprise’s Venture Pulse Report

Retrieved on: 
Wednesday, July 26, 2023
Venture Capital, Finance, Data Analytics, Consulting, Professional Services, Farm, Amazon Web Services, EV, Hydrogen, Lenskart, Synthetic media, Electric vehicle, ChatGPT, Intelligence, Microsoft, Energy, Amazon, Investment, Shein, Generative, Liberal Mid-America Regional Airport, VC, FOMO, Inflection, KPMG, Video game, Pharmaceutical industry, Renewable energy, Anthropization, AI

VC investment in the Americas was $42.9 billion across 3,360 deals in Q2’23, a decline from $47.7 billion across 4,009 deals in Q1’23.

Key Points: 
  • VC investment in the Americas was $42.9 billion across 3,360 deals in Q2’23, a decline from $47.7 billion across 4,009 deals in Q1’23.
  • VC investment in Asia dropped from $22.9 billion across 3,148 deals to $20.1 billion across 2,395 deals between Q1’23 and Q2’23.
  • In Europe, VC investment fell from $14.4 billion across 2,676 deals in Q1’23 to $13.5 billion across 1,861 deals in Q2’23.
  • Global Corporate Venture Capital-participating investment was also slow in Q2’23, accounting for $39.7 billion in investment, compared to $45.9 billion in Q1’23.

Nomentia Strengthens Board with New Appointments Following Majority Investment by Inflexion

Retrieved on: 
Thursday, July 6, 2023
PSG, Treasury, Bellin, Investment, HNA Technology Investments Holdings, Inmarsat, CFO, Management, Sophos, Inflection

HELSINKI, July 6, 2023 /PRNewswire/ -- Nomentia, a leading provider of cloud-based treasury and cash management software solutions, has announced the nomination of new board members following the recent majority investment from Inflexion, a leading mid-market private equity firm, investing in established high-growth businesses.

Key Points: 
  • HELSINKI, July 6, 2023 /PRNewswire/ -- Nomentia, a leading provider of cloud-based treasury and cash management software solutions, has announced the nomination of new board members following the recent majority investment from Inflexion, a leading mid-market private equity firm, investing in established high-growth businesses.
  • The new investor and the board will support Nomentia's vision to become the top-choice treasury management solution in the market.
  • Rick Medlock has been nominated as the Chairman of the Board.
  • Joining the board from the majority investor Inflexion are Sergio Ferrarini, Partner and Head of Technology Investments, and Henrik Nordman, Partner, Head of Nordics.