SiliconANGLE - CybAI news

02 Jul

Data + AI Summit focuses on Databricks’ open sourcing of Unity Catalog, AI development – SiliconANGLE

stp2y0 CommentsGenAIDevony Hof, SiliconANGLE, Three insights you might have missed from theCUBE’s coverage of Data + AI Summit

The competition in the data industry is intensifying as Databricks Inc. vies for dominance. The company has thrown down the gauntlet by open-sourcing its Unity Catalog. Data giants Databricks and Snowflake Inc. hosted events within a week of each other. Last week’s Data + AI Summit showcased Databricks’ increasing momentum and emphasis on collaboration. More than 66% of the contributions to Spark are coming from outside Databricks, according to Rob Strechay (pictured, left), principal analyst at theCUBE Research. The company’s announcement that it was open sourcing Unity, a unified governance solution for data and artificial intelligence, follows news of Snowflake’s upcoming release of Polaris,…

02 Jul

Finbourne raises £55M to break down financial data silos with AI – SiliconANGLE

stp2y0 CommentsGenAIFinbourne raises £55M to break down financial data silos with AI, Mike Wheatley, SiliconANGLE

U.K.-based financial data management startup Finbourne Technology Ltd. said today it has closed on a £55 million ($70 million) middle-stage funding round to help make life easier for investment managers and financial institutions by providing them with artificial intelligence-powered insights. Today’s Series B round was led by Highland Europe and AVP, and comes after the company closed on a £15 million investment in 2021. The company was established in 2016 by a team of bankers and investors who previously worked at institutions such as UBS Group AG and Nomura Holdings Inc. Their mission is to reinvent the way financial firms…

02 Jul

Decoding the chess moves of Snowflake and Databricks – SiliconANGLE

stp2y0 CommentsGenAIDecoding the chess moves of Snowflake and Databricks, Guest Author, SiliconANGLE

As customers try to “get artificial intelligence right,” the need to rationalize siloed data becomes increasingly important. Data practitioners could put all their data eggs into a single platform basket, but that’s proving impractical. As such, firms are moving to an open model where they maintain control of their data and can bring any compute engine to any of their data. While compelling, the capabilities to govern open data across an entire estate remain immature. Regardless, the move toward open table formats is gaining traction and the point of control in the data platform wars is shifting from the database…

02 Jul

CData raises $350M in growth capital to enhance data connectivity solutions – SiliconANGLE

stp2y0 CommentsGenAICData raises $350M in growth capital to enhance data connectivity solutions, Duncan Riley, SiliconANGLE

Data access and connectivity solutions company CData Software Inc. today announced that it has raised about $350 million in growth capital to accelerate its investments in building innovative data integration solutions for customers. Founded in 2016, CData offers data integration solutions for real-time access to online on on-premises applications, databases and web application programming interfaces. The company’s self-service data products and connectivity solutions provide universal access to live data from hundreds of popular on-premises and cloud applications. CData argues that as companies are processing and sharing more data than ever across different sources, bridging these data silos has become increasingly…

02 Jul

Open lakehouse provider Onehouse lands $35M funding round – SiliconANGLE

stp2y0 CommentsGenAIOpen lakehouse provider Onehouse lands $35M funding round, Paul Gillin, SiliconANGLE

Managed data lakehouse company Onehouse Inc. said today it has raised $35 million in a Series B funding, bringing its total funding to date to $68 million. It also launched two new products to increase lakehouse performance and reduce cloud storage and processing costs. The company sells a data lakehouse as a managed service based on Apache Hudi, a popular data format that Chief Executive Officer Vinoth Chandar co-created while at Uber Technologies Inc. A lakehouse is a data management architecture that combines elements of both data lakes and data warehouses, combining large amounts of structured, semistructured and unstructured data…

02 Jul

SingleStore adds Iceberg support and speedier vector search – SiliconANGLE

stp2y0 CommentsGenAIPaul Gillin, SiliconANGLE, SingleStore adds Iceberg support and speedier vector search

SingleStore Inc., developer of a real-time database platform that performs both transactional and analytical operations in the same engine, today announced native integration with the Apache Iceberg open-source table format and advanced search and scaling capabilities. Apache Iceberg is rapidly emerging as one of the most popular formats for storing diverse datasets. It provides transactional consistency between multiple applications, schema evolution, the ability to query historical data and the ability to roll back to prior versions, among other features. SingleStore said it’s addressing the often complex task of moving data into Iceberg-based data lakes, a process known as extract/transform/load. It…

02 Jul

Automotive lifecycle data startup Solera files for IPO, seeking to raise $1.5B – SiliconANGLE

stp2y0 CommentsGenAIAutomotive lifecycle data startup Solera files for IPO, Mike Wheatley, seeking to raise $1.5B, SiliconANGLE

Automotive data software startup Solera Corp. filed paperwork for an initial public offering with the U.S. Securities and and Exchange Commission on Friday, confirming an earlier report from Bloomberg that first revealed its IPO plans. The filing is another sign of investors’ slowly growing enthusiasm for first-time share offerings, following a spate of successful public launches from tech companies such as Rubrik Inc., Raspberry Pi Holdings plc and Reddit Inc. earlier in the year. Reuters, which first reported the news, says that the paperwork didn’t detail the price range or number of shares to be issued in Solera’s IPO. Those…

04 Jun

Data visualization revolution: Unlocking insights with Nomic – SiliconANGLE

stp2y0 CommentsGenAIBrian Njuguna, How data visualization unlocks insights in the age of big data and AI, SiliconANGLE

As data continues to be the backbone of enterprises, data visualization has become critical for the easier identification of outliers, trends and patterns in huge data sets. Nomic Inc. makes this a reality through a product called Nomic Atlas that organizes unstructured data using a map that is powered by artificial intelligence. In the process, data exploration and filtering is enhanced, according to Brandon Duderstadt (pictured, right), founder and chief executive officer of Nomic. “We call that the map, and that’s part of our product, Nomic Atlas,” Duderstadt said. “In Nomic Atlas, every piece of your data set is a point on a scatter plot, and two points are close if the content of…

04 Jun

Digital transformation in real estate: reshaping the industry – SiliconANGLE

stp2y0 CommentsGenAIHow digital transformation in real estate is reshaping the industry, Sead Fadilpasic, SiliconANGLE

Digital transformation in real estate is significantly altering how the industry functions and interacts with clients. Real estate processes are currently very human and paper-driven, with multiple fragmented point solutions for different tasks, according to Damian Ng (pictured), senior vice president of technology at Anywhere Real Estate Inc. Real estate agents are using multiple apps for their day-to-day work, leading to data fragmentation and the need for modernization to support agent teams and address industry shifts. “Before it was just individual agents; now we need to do a lot of support for … large teams of agents that buy and…

04 Jun

Supply chain planning as an intelligent data app – SiliconANGLE

stp2y0 CommentsGenAIGuest Author, SiliconANGLE, Supply chain planning as an intelligent data app

The “sixth data platform,” or intelligent data platform, represents a cutting-edge evolution in data management. It aims to support intelligent applications through a sophisticated system that builds on a foundation of a cloud data platform. This foundation makes it possible to integrate data across different architectures and systems in a unified, coherent and governed manner. Harmonized data enables applications to use advanced analytics, including artificial intelligence, to inform and automate decisions. But more importantly, a common data platform enables applications to synthesize multiple analyses to optimize specific objectives, ensuring, for example, that short-term actions are aligned with long-term impacts and…