Mike Wheatley

Brightwave raises $15M to accelerate financial research with AI – SiliconANGLE

Brightwave raises $15M to accelerate financial research with AI – SiliconANGLE

Brightwave Inc., creator of an artificial intelligence-powered financial research platform for investment banks, hedge fund managers and other finance professionals, said today it has closed on a $15 million early-stage round of funding. Today’s Series A round was led by Decibel Partners and saw participation from Omers Ventures, bringing the company’s total amount raised to date to $21 million. Brightwave says its AI platform is all about providing accurate insights and forecasts to financial professionals, so they can make smarter investment decisions. Its AI system works by synthesizing insights from thousands of pages of financial reports and documents, including earnings…
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Moveworks taps agentic AI to aid in enterprise search – SiliconANGLE

Moveworks taps agentic AI to aid in enterprise search – SiliconANGLE

Generative AI copilot company Moveworks Inc. today announced the immediate availability of a new enterprise search tool powered by an innovative new “reasoning engine” that’s better able to understand what users are trying to achieve. The company is building on its flagship product, a generative artificial intelligence copilot that can be embedded into every enterprise system. It lives inside collaboration tools such as Microsoft Teams and Slack, and helps to find information and automate tasks on behalf of employees. Moveworks’ copilot previously relied on “retrieval-augmented generation” to enable enterprise search. RAG is a technique that allows generative AI chatbots to…
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Pegasystems moves the needle on generative AI development with Pega Infinity updates – SiliconANGLE

Pegasystems moves the needle on generative AI development with Pega Infinity updates – SiliconANGLE

Pegasystems Inc., the low-code automation software company, is enhancing its suite of artificial intelligence development tools today with a host of new updates. The new capabilities within the Pega Infinity platform are all about accelerating the development of generative AI in particular, with the goal of building applications that can enhance employee productivity and optimize customer experiences. Pegasystems is a provider of low-code automation software that enables workers who aren’t programmers to automate manual tasks, unify business processes and customer journeys. Pega Infinity is one of the most popular modules within its platform, specifically focused on helping teams to develop…
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Nvidia hands out blueprints for the creation of scalable ‘AI factories’ – SiliconANGLE

Nvidia hands out blueprints for the creation of scalable ‘AI factories’ – SiliconANGLE

Nvidia Corp. said today it wants to help organizations plan and build advanced, future-proof “artificial intelligence factories” to support a new generation of intelligent applications that will come online in the years ahead. When Nvidia talks about AI factories, what it really means is high-performance and secure data centers designed to “manufacture intelligence,” and it recognizes that the task of building them can be daunting for any enterprise. The challenge is that organizations must navigate uncharted waters, because no one has built AI factories before. With the rapid pace of development in large language model capabilities and software frameworks, best…
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GitHub Copilot goes multimodel, adding support for Google’s Gemini and Anthropic’s Claude LLMs – SiliconANGLE

GitHub Copilot goes multimodel, adding support for Google’s Gemini and Anthropic’s Claude LLMs – SiliconANGLE

Microsoft Corp.’s GitHub sprung a surprise today as it revealed that its popular generative artificial intelligence coding assistant, GitHub Copilot, will no longer be powered exclusively by OpenAI’s GPT models. Instead, the company said at its annual GitHub Universe event that it’s adopting a multimodel approach, giving developers the opportunity to tap models from rival companies such as Anthropic PBC and Google LLC too. The revelation came alongside a host of other announcements, with GitHub launching a new AI tool called Spark that can automate much of the work that goes into building web applications, and more general updates to…
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Law enforcement tech startup Flock Safety uses AI to shut down muscle car sideshows – SiliconANGLE

Law enforcement tech startup Flock Safety uses AI to shut down muscle car sideshows – SiliconANGLE

Community safety technology startup Flock Group Inc., better known as Flock Safety, says it’s pioneering the use of artificial intelligence to detect illegal sideshows – those dangerous, impromptu events, usually at night, where drivers of muscle cars take turns doing donuts in intersections for cheering crowds. The startup says it has integrated AI and machine learning with its existing Raven audio detection system to provide law enforcement agencies with real-time alerts so they can respond to sideshows as soon as they begin. Sideshows are a growing phenomenon. Although they have been going on for years, their popularity began to increase dramatically…
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Eon raises $127M to simplify access to cloud data backups – SiliconANGLE

Eon raises $127M to simplify access to cloud data backups – SiliconANGLE

Cloud data backup specialist Eon exited stealth mode today, saying the time is right for it to reveal its plans to disrupt the data protection market. It’s extremely confident in its ability to do that, after raising an impressive $127 million since its founding in January. The money comes from not one funding round, but three, at a reported $750 million valuation. It began with a $20 million seed round shortly after the company was formed that was led by Sequoia Capital, with participation from Vine Ventures, Meron Capital and Eight Roads. It followed that with a $30 million Series A…
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Meta debuts slimmed-down Llama models for low-powered devices – SiliconANGLE

Meta debuts slimmed-down Llama models for low-powered devices – SiliconANGLE

Meta Platforms Inc. is striving to make its popular open-source large language models more accessible with the release of “quantized” versions of the Llama 3.2 1B and Llama 3B models, designed to run on low-powered devices. The Llama 3.2 1B and 3B models were announced at Meta’s Connect 2024 event last month. They’re the company’s smallest LLMs so far, designed to address the demand to run generative artificial intelligence on-device and in edge deployments. Now it’s releasing quantized, or lightweight, versions of those models, which come with a reduced memory footprint and support faster on-device inference, with greater accuracy, the…
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With InsightEngine, Vast Data aims to be the data operating system for AI – SiliconANGLE

With InsightEngine, Vast Data aims to be the data operating system for AI – SiliconANGLE

Data storage company Vast Data Inc. is putting the infrastructure in place for enterprises that want to use data retrieval to enhance the capabilities of their artificial intelligence systems. Today it announced the launch of Vast InsightEngine with Nvidia, set to enter general availability early next year. It will allow organizations to ingest, process and retrieve all of their enterprise data, including files, objects, tables and data streams, securely and in real time, the company said. The announcement came as Vast Data revealed a new initiative called Cosmos, which aims to transform how enterprises build and advance AI. It’s a…
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Google Cloud beefs up database services for generative AI workloads – SiliconANGLE

Google Cloud beefs up database services for generative AI workloads – SiliconANGLE

Google Cloud said today it’s updating multiple database services, including AlloyDB, Spanner and Memorystore for Valkey 7.2, with new features that should make them more suitable for generative artificial intelligence applications. To begin with, Google announced that it’s making the ScaNN vector index generally available in AlloyDB, which is the company’s fully managed PostgreSQL-compatible database service, aimed at high-performance database workloads. In a blog post, Andi Gutmans, Google Cloud’s general manager and vice president of engineering of databases, explained that the ScaNN vector index is the same technology that powers services such as Google Search and YouTube. The ScaNN technology…
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