GenAI

The emerging data stack brings opportunities and risk for buyers and sellers – SiliconANGLE
29 Aug

The emerging data stack brings opportunities and risk for buyers and sellers – SiliconANGLE

stp2y0 CommentsGenAI, ,
The so-called modern data stack is getting a facelift and perhaps a complete body makeover. As the point of control shifts from the database management system to the governance layer, we cite three dynamics that highlight a reshaping of today’s data landscape, including: 1) Key data players are disrupting the established norm as they expand their aspirations; 2) Data platform vendors that used to compete among each other, as they pursue market expansion, enter new competitive environments up the stack; and 3) These market and stack dislocations cause confusion for customers, which presents both opportunities and risks. In this Breaking…
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AI growth helps Palantir beat second-quarter earnings, drives higher forecast – SiliconANGLE
29 Aug

AI growth helps Palantir beat second-quarter earnings, drives higher forecast – SiliconANGLE

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Shares of Palantir Technologies Inc. shot up about 12% in late trading today after the big-data analytics company beat analyst expectations in its fiscal second quarter and forecast a higher-than-expected outlook thanks to increasing growth in artificial intelligence. For the quarter ended June 30, Palantir reported adjusted earnings per share of nine cents, up from five cents per share in the same quarter of fiscal 2023, on revenue of $678 million, up 27% year-over-year. Analysts had expected eight cents a share on revenue of $653 million. The company saw net income from operations in the quarter of $134 million and…
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Open-source data science platform Knime raises $30M to seize opportunity in generative AI – SiliconANGLE
29 Aug

Open-source data science platform Knime raises $30M to seize opportunity in generative AI – SiliconANGLE

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Open-source data science platform provider Knime AG said today it has closed on a new, $30 million investment from its longtime backer Invus. The round is the first major investment the company has received since Invus led its initial Series A funding round way back in 2017, and brings its total amount raised to date to $50 million. Knime has created what it says is the world’s most complete open-source platform for “end-to-end data science.” Used for artificial intelligence development, it includes tools for creating and deploying analytical models, sharing insights and consuming them across entire organizations. The platform is…
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Serverless database startup Neon nabs $25M in fresh funding – SiliconANGLE
29 Aug

Serverless database startup Neon nabs $25M in fresh funding – SiliconANGLE

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Neon Inc., a startup with a serverless distribution of the open-source Postgres database, today announced that it has raised $25 million in funding. Microsoft Corp.’s M12 venture capital arm led the investment. It was joined by existing Neon investors Abstract Ventures, General Catalyst, Menlo Ventures and Notable Capital. The capital infusion brings the company’s total outside funding to more than $130 million. Neon sells a commercial version of Postgres, an open-source relational database that is widely used in the enterprise. One of the reasons behind Postgres’ popularity is its support for ACID, a technology standard that prevents errors from finding…
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Amplitude launches new services for better data synchronization, security and privacy compliance – SiliconANGLE
29 Aug

Amplitude launches new services for better data synchronization, security and privacy compliance – SiliconANGLE

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Behavior-tracking software firm Amplitude Inc. today announced three new data-related services for its Digital Analytics platform that enhance data synchronization, security and privacy management capabilities. The new products aim to provide seamless data synchronization, robust access controls and efficient data deletion processes. The enhancements help enterprises achieve accurate insights, enhanced security and compliance with data privacy regulations, driving growth and innovation. Leading the list is Data Mutability, a new service that ensures synchronization between product analytics and data warehouses. Amplitude argues that traditional data management practices often involve manual synchronization, which is time-consuming, expensive, prone to errors and can lead to inaccurate insights. The…
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Amplitude beats earnings expectations with steady revenue growth and customer gains – SiliconANGLE
28 Aug

Amplitude beats earnings expectations with steady revenue growth and customer gains – SiliconANGLE

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Amplitude Inc. today reported earnings and revenue beats in its second quarter thanks to solid customer growth for its behavior-tracking software services. For the quarter ended June 30, Amplitude broke even, down from a profit of two cents a share in the second quarter of 2023, on revenue of $73.3 million, up 8% year-over-year. Both were modest beats, as analysts had been expecting an earnings per share loss of a penny on revenue of $72 million. Amplitude ended the quarter with annual recurring revenue of $290 million, up 8% year-over-year and $5 million higher than the first quarter. The company…
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Data consolidation: Evolving themes on business semantics – SiliconANGLE
28 Aug

Data consolidation: Evolving themes on business semantics – SiliconANGLE

stp2y0 CommentsGenAI, ,
A hot topic in the data management space is the argument against data silos. Factors such as generative artificial intelligence and decentralized data infrastructures have intensified the need to embrace the data consolidation ethos. RelationalAI’s Molham Aref discusses modern data platforms. What is the imperative to de-silo data operations? And what challenges and opportunities exist as companies move toward interconnected data infrastructures? “You’re building intelligent applications, and by definition, these applications have to look at data,” said Molham Aref (pictured), chief executive officer of RelationalAI Inc. “The old architecture is where you’re moving a few records of data over to some…
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Expanding the open lakehouse for data interoperability – SiliconANGLE
28 Aug

Expanding the open lakehouse for data interoperability – SiliconANGLE

stp2y0 CommentsGenAI, ,
Generative artificial intelligence is demanding breakneck innovation from enterprises. It’s highlighting a critical need for cohesive data management and driving a seismic shift in data storage, processing and utilization. It’s also prompting a rethink of the open lakehouse concept pioneered by companies such as Onehouse. Supercloud 7 discussion on open lakehouses with Onehouse’s Vinoth Chandar. “We firmly believe an open lakehouse is the way of the future, but there is no Snowflake experience for the lakehouse per se,” said Vinoth Chandar (pictured), chief executive officer of Infinilake Inc. (aka Onehouse). “Onehouse was founded on the premise that we are going to…
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TigerEye releases open-source DuckDB.dart to simplify data-intensive application development – SiliconANGLE
28 Aug

TigerEye releases open-source DuckDB.dart to simplify data-intensive application development – SiliconANGLE

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TigerEye Labs Inc., an artificial intelligence-powered planning and revenue management platform company, today announced the open-source release of DuckDB.dart, a tool that helps developers build and run data-intensive applications more easily and efficiently. DuckDB.dart is a native Dart application programming interface for DuckDB that has been designed to simplify the creation of data-intensive applications for desktop and mobile platforms. DuckDB is an in-process SQL database management system optimized for analytical queries on large datasets, designed to run efficiently within a single machine. DuckDB has grown increasingly popular over the last few years, particularly in data science and analytics communities, thanks to…
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Salesforce Data Cloud: Converting data into powerful business insights – SiliconANGLE
28 Aug

Salesforce Data Cloud: Converting data into powerful business insights – SiliconANGLE

stp2y0 CommentsGenAI, ,
Even though data is the backbone of better decision-making, the disconnect between data products and business platforms is proving to be detrimental, making Salesforce Data Cloud important since it unifies data sources for enhanced commercial insights.  By creating a value add layer on top of the existing data infrastructure, Salesforce Data Cloud avails richer analytic components through the integration of standalone data products, boosting insights in broader areas, such as sales and marketing, according to Muralidhar Krishnaprasad (pictured), exeuctive vice president of software engineering at Salesforce Inc. “We are trying to bridge the gap between the CIOs running these data…
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