Strategic growth: commercetools surges towards IPO – SiliconANGLE

Strategic growth: commercetools surges towards IPO – SiliconANGLE

Recently, commercetools GmbH achieved significant momentum, setting the company up for ongoing success and continuous innovative developments in the e-commerce market. This news highlights the value consumers find in commercetools as it gains market share over its competition, helping pave the way to Initial Public Offerings and even more considerable strategic growth. “That tightening of the belt I actually think is good for business; I think it’s a smart thing to do, and you move from that growth at all costs to efficient growth and smart growth,” said Dan Murphy (pictured), chief financial officer of commercetools. “Commercetools has been able…
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The Ethical Implications of AI in the Travel Industry

The Ethical Implications of AI in the Travel Industry

Artificial Intelligence (AI) is transforming the travel industry by enhancing efficiency, personalization, and customer experience. However, as with any technological advancement, the adoption of AI brings a range of ethical implications that must be carefully considered. This article explores five key areas of ethical concern regarding AI in the travel industry. 1. Privacy and Data Security Data Collection and Usage: AI systems rely on vast amounts of personal data to function effectively, raising significant privacy concerns. The collection of data such as travel preferences, personal identification, and payment details necessitates stringent data protection measures. Risk of Data Breaches: The travel…
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CIRCTEC raises €150M for Europe’s largest tyre pyrolysis recycling facility

CIRCTEC raises €150M for Europe’s largest tyre pyrolysis recycling facility

UK recycling startup CIRCTEC has raised €150 million to construct Europe’s largest end-of-life tyre pyrolysis recycling facility in Delfzijl, the Netherlands. The funds include a €75 million equity investment led by Novo Holdings and A.P. Moller Holding and €22.5 million of grants awarded by the Government of the Netherlands. Discarded tyres pose significant environmental and health risks, accumulating in landfills, and polluting ecosystems with toxic substances.  CIRCTEC has developed a proprietary technology for decomposing old tyres through pyrolysis (a process that transforms waste into valuable circular materials through thermal decomposition in an oxygen-free environment), and for upgrading the products to…
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A snapshot of bias, the human mind, and AI

A snapshot of bias, the human mind, and AI

Introducing bias & the human mind  The human mind is a landscape filled with curiosity and, at times irrationality, motivation, confusion, and bias. The latter results in levels of complexity in how both the human and more recently, the artificial slant affects artificial intelligence systems from concept to scale. Bias is something that in many cases unintentionally appears - whether it be in human decision-making or the dataset - but its impact on output can be sizeable. With several cases over the years highlighting the social, political, technological, and environmental impact of bias, this piece will explore this important topic and…
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A safe harbor for AI evaluation and red teaming

A safe harbor for AI evaluation and red teaming

This blog post is authored by Shayne Longpre, Sayash Kapoor, Kevin Klyman, Ashwin Ramaswami, Rishi Bommasani, Arvind Narayanan, Percy Liang, and Peter Henderson. The paper has 23 authors and is available here.Today, we are releasing an open letter encouraging AI companies to provide legal and technical protections for good-faith research on their AI models. The letter focuses on the importance of independent evaluations of proprietary generative AI models, particularly those with millions of users. In an accompanying paper, we discuss existing challenges to independent research and how a more equitable, transparent, and accountable researcher ecosystem could be developed.The letter has…
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The State Of Saas: After A Positive Start To 2024, Founders Can Find Success In A Reset Market

The State Of Saas: After A Positive Start To 2024, Founders Can Find Success In A Reset Market

By Jimmy Fitzgerald SaaS businesses grew in 2023, but they did so at a much slower rate than the years of pandemic hypergrowth. At the same time, revenue growth was down and churn rates were at an all-time high, reflecting a period of “normalization” post-pandemic due to rising interest rates and enterprises cutting down on their software expenditures. Jimmy Fitzgerald After a year characterized by slowdowns and cutbacks, our analysis of real-time subscriptions data from more than 34,000 software companies in Q1 2024 shows that the SaaS market has started the year on a more positive note, with growth coming…
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Announcing simplified XML data ingestion

Announcing simplified XML data ingestion

We're excited to announce native support in Databricks for ingesting XML data.XML is a popular file format for representing complex data structures in different use cases for manufacturing, healthcare, law, travel, finance, and more. As these industries find new opportunities for analytics and AI, they increasingly need to leverage their troves of XML data. Databricks customers ingest this data into the Data Intelligence Platform, where other capabilities like Mosaic AI and Databricks SQL can then be used to drive business value.However, it can take a lot of work to build resilient XML pipelines. Since XML files are semi-structured and arbitrarily…
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Gemini breaks new ground with a faster model, longer context, AI agents and more

Gemini breaks new ground with a faster model, longer context, AI agents and more

1.5 Flash excels at summarization, chat applications, image and video captioning, data extraction from long documents and tables, and more. This is because it’s been trained by 1.5 Pro through a process called “distillation,” where the most essential knowledge and skills from a larger model are transferred to a smaller, more efficient model.Read more about 1.5 Flash in our updated Gemini 1.5 technical report, on the Gemini technology page, and learn about 1.5 Flash’s availability and pricing.Significantly improving 1.5 ProOver the last few months, we’ve significantly improved 1.5 Pro, our best model for general performance across a wide range of…
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Research Papers in January 2024

Research Papers in January 2024

2023 was the year when the potential and complexity of Large Language Models (LLMs) were growing rapidly. Looking at the open source and research advancements in 2024, it seems we are going to a welcome phase of making models better (and smaller) without increasing their size.In this month's article, I am highlighting four recent papers consistent with this theme:1. Weight averaging and model merging allow us to combine multiple LLMs into a single, better one without the typical drawbacks of traditional ensembles, such as increased resource requirements.2. Proxy-tuning to boost the performance of an existing large LLM, using two small…
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Galileo debuts Protect hallucination firewall as AI model accuracy comes into sharper focus – SiliconANGLE

Galileo debuts Protect hallucination firewall as AI model accuracy comes into sharper focus – SiliconANGLE

Startup Galileo Technologies Inc. today debuted a new software tool, Protect, that promises to block harmful artificial intelligence inputs and outputs. The company describes the product as a real-time hallucination firewall. It’s the latest in a series of newly launched software tools designed to help companies block their AI models from generating inaccurate responses. Some of those tools were created by AI startups such as Galileo, while others are offered by large players from other parts of the enterprise technology market. “The rapid adoption of AI has introduced a new set of safety and compliance risks that need to be…
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