Duncan Riley - CybAI news

01 Dec

Palantir shares surge over 12% on strong earnings and raised revenue outlook – SiliconANGLE

stp2y0 CommentsGenAIDuncan Riley, Palantir shares surge over 12% on strong earnings and raised revenue outlook, SiliconANGLE

Shares in Palantir Technologies Inc. rose more than 12% in late trading today after the big-data analytics company reported stronger-than-expected earnings and revenue in its fiscal third quarter and raised its full-year outlook. For the quarter that ended on Sept. 30, Palantir reported adjusted earnings per share of 10 cents, up from seven cents per share in the same quarter of last year, on revenue of $725.5 million, 30% year-over-year. Both were beats, as analysts had been expecting adjusted earnings per share of nine cents on revenue of $705 million. Palantir’s strong numbers were driven by customer growth, as the company…

02 Nov

Securiti launches Gencore AI to enhance secure enterprise generative AI adoption – SiliconANGLE

stp2y0 CommentsChat-GPTDuncan Riley, Securiti launches Gencore AI to enhance secure enterprise generative AI adoption, SiliconANGLE

Unified data control startup Securiti Inc. today announced the release of Gencore AI, a new solution that can easily and quickly build safe, enterprise-grade generative artificial intelligence systems, copilots and AI agents. Gencore AI has been designed to accelerate generative AI adoption in the enterprise by making it easy to build unstructured and structured data and AI pipelines from hundreds of data systems. It does so by automatically learning data controls, such as entitlement in underlying systems, and applying them to the AI usage layer. The service protects AI systems against malicious use and provides full governance of the entire AI system…

01 Nov

Elon Musk’s xAI reportedly in talks to raise new funding on $40B valuation – SiliconANGLE

stp2y0 CommentsChat-GPTDuncan Riley, Elon Musk's xAI reportedly in talks to raise new funding on $40B valuation, SiliconANGLE

Elon Musk’s xAI Corp. is reportedly in talks with investors to raise additional funding on a $40 billion valuation, some five months after the company had previously raised $6 billion on a $24 billion valuation. The Wall Street Journal, citing people familiar with the matter, reported that xAI is looking to raise several billion dollars in the new funding round. The Journal does note, however, that the talks are in their early stages, meaning that terms could change or the talks could fall apart. Launched by Musk in 2023, xAI is aiming to develop an advanced artificial general intelligence system…

01 Nov

AI contact center provider Regal closes $40M round to scale personalized customer interactions – SiliconANGLE

stp2y0 CommentsChat-GPTAI contact center provider Regal closes $40M round to scale personalized customer interactions, Duncan Riley, SiliconANGLE

Contact center software startup Regal Voice Inc. announced today that it has raised $40 million in new funding to accelerate the rollout of its AI Phone Agents for contact centers. Founded in 2020, Regal is focused on redefining customer management through artificial intelligence-powered contact center software that combines automation with human-centric interactions. Differing from traditional models, Regal emphasizes high-touch experiences. That’s a customer service approach that prioritizes personalized, attentive interactions, adapting to individual needs to create a more engaging and satisfying experience. It does so by using generative AI agents to tailor communication based on real-time customer intent signals, addressing…

01 Nov

TigerEye’s new AI Analyst offers enhanced decision-making in sales and revenue operations – SiliconANGLE

stp2y0 CommentsGenAIDuncan Riley, SiliconANGLE, TigerEye's new AI Analyst offers enhanced decision-making in sales and revenue operations

Artificial intelligence-powered planning and revenue management platform company TigerEye Labs Inc. today announced the launch of its conversational AI Analyst, a new service designed to help professionals make faster, smarter decisions by answering complex questions about the business through a simple app. AI Analyst has been built to be time-aware, allowing teams to ask about opportunities, forecasts, revenue, top-of-funnel metrics, segmentation and changes over time, with the results delivering on-demand reports and actionable insights. Differing from traditional enterprise solutions, the service allows companies to fact-check sources, see specific data points that are being pulled and view the math behind the analysis, all…

31 Oct

Data streaming leader Confluent posts strong earnings, boosts year-end forecast – SiliconANGLE

stp2y0 CommentsGenAIboosts year-end forecast, Data streaming leader Confluent posts strong earnings, Duncan Riley, SiliconANGLE

Shares in Confluent Inc. jumped nearly 15% in late trading today after the data streaming software provider impressed investors with revenue and earnings beats in its fiscal third quarter and raised its outlook for the rest of the year. For the quarter ended Sept. 30, Confluent reported adjusted earnings of 10 cents per share, up from two cents per share in the same quarter of last year, on revenue of $250.2 million, up 25% year-over-year. Both figures were solid beats, as analysts had expected a profit of five cents per share on revenue of $245.05 million. Confluent’s strong figures were driven…

27 Sep

Anthropic reportedly in early talks to raise new funding on up to $40B valuation – SiliconANGLE

stp2y0 CommentsChat-GPTAnthropic reportedly in early talks to raise new funding on up to $40B valuation, Duncan Riley, SiliconANGLE

General artificial intelligence startup Anthropic PBC is reportedly looking to raise new funding on a valuation of up to $40 billion. The report comes today from The Information, citing an unnamed existing investor who spoke to company leaders. It’s reported that talks are only in an early stage and that it’s not clear whether investors will agree to such a high valuation. The Information also said Anthropic is scheduled to present to investors at Morgan Stanley’s private tech conference next month. It’s noted that though startups don’t typically employ investment banks to drum up investment, they do with complicated rounds…

27 Sep

Hyperscience expands Hypercell platform to boost AI-powered automation for back-office processes – SiliconANGLE

stp2y0 CommentsChat-GPTDuncan Riley, Hyperscience expands Hypercell platform to boost AI-powered automation for back-office processes, SiliconANGLE

Hyperautomation company Hyperscience Inc. today announced updates to its Hypercell platform that are designed to accelerate automation for a wide variety of back-office documents, use cases and processes. The new updates are focused on helping organizations further embed machine learning and artificial intelligence into the core of their businesses to accelerate digital transformation efforts. The updates seek to address the issue wherein 70% of digital transformation projects, according to a McKinsey study, fail to achieve their stated goals. Hyperscience argues that this outcome is due to traditional intelligent document processing, robotic process automation and optical character recognition technologies falling short in…

27 Sep

Amplitude unveils simplified platform to streamline user experience and data collection – SiliconANGLE

stp2y0 CommentsGenAIAmplitude unveils simplified platform to streamline user experience and data collection, Duncan Riley, SiliconANGLE

Behavior-tracking software firm Amplitude Inc. today launched a new, simplified platform experience designed to make it easier for users to get started with the company’s products. Called Amplitude Made Easy, the new platform introduces new capabilities and a revamped user experience that “removes the heavy lifting” to allow teams to turn customer understanding into a better product experience quickly. The first new feature, Autocapture, simplifies the setup process for Amplitude users by significantly reducing the time and technical expertise required to begin collecting data. Previously, the company says, teams have needed weeks of engineering effort to establish data pipelines and event instrumentation. Now,…

27 Sep

MariaDB goes private after acquisition by K1 Investment Management – SiliconANGLE

stp2y0 CommentsGenAIDuncan Riley, MariaDB goes private after acquisition by K1 Investment Management, SiliconANGLE

Database management system provider MariaDB plc announced today that it has been acquired by K1 Investment Management for an undisclosed price. MariaDB had previously disclosed in February that it had received takeover interest from K1, including having received an unsolicited nonbinding proposal to acquire the company. Under the earlier proposal, K1 was offering to take MariaDB private for 55 cents per share at a cost of $37 million. Founded in 2009, MariaDB offers a paid version of the open-source relational database software of the same name. The company’s products are designed to deliver high availability, scalability and performance, making them a…