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Databricks Acquires Tabular Boosting Cloud Data Optimization Capabilities

Amidst competition from Snowflake and other startups, Databricks announced that it had acquired Tabular. This firm specialises in optimising data stor

Amidst competition from Snowflake and other startups, Databricks announced that it had acquired Tabular. This firm specialises in optimising data stored in the cloud. The move is intended to improve product development. The over $1 billion purchase highlights Databricks ambitious growth plan, supported by significant venture capital financing. The cofounders of Tabular gained experience with Apache Iceberg while working at Netflix. This knowledge enhances Databricks opensource project, Delta Lake. It puts Tabular in a position to benefit from changing consumer demands for data storage. The purchase shows Databricks dedication to innovation and interoperability in data analytics as it grows its market share. Read More..

B2B Tech News | 1 months ago

Sword Health Unveils Phoenix AIPowered Virtual Physical Therapy for Patients

Sword Health introduced Phoenix, an AI system that lets users communicate with the programme directly to participate in virtual physical therapy sessi

Sword Health introduced Phoenix, an AI system that lets users communicate with the programme directly to participate in virtual physical therapy sessions. Using digital technologies, Sword was founded in 2015 to reduce pain without resorting to medical procedures or medications. CEO Virgílio Bento emphasises that while AI has been a critical component of Swords products, Phoenix stands out for its humanlike connection, which enables patients to express their emotions and get realtime feedback and modifications throughout sessions. Artificial Intelligence evaluates motion data and makes suggestions to improve physician productivity. Phoenix makes recommendations for future sessions, but human physicians are still in charge of making final decisions. Swords objective of increasing access to its solutions is supported by the liquidity it gives to stakeholders through its recent $100 million secondary offering. Sword intends to better integrate Phoenix throughout its services as part of i Read More..

B2B Tech News | 1 months ago

Kneron Unveils SecondGeneration "Edge GPT" Server, KNEO 330, Targeting Nvidia and AMD

With support from Qualcomm and Foxconn, Kneron, an AI chip company, they introduced the KNEO 330, a secondgeneration "edge GPT" server that aims to gi

With support from Qualcomm and Foxconn, Kneron, an AI chip company, they introduced the KNEO 330, a secondgeneration "edge GPT" server that aims to give enterprises interested in AI an alternative to Nvidia and AMD. This server is intended for businesses, like financial institutions, medical facilities, and hightech companies, that want onpremises AI applications to preserve their privacy. With the help of Knerons technology, businesses can run their own AI models locally instead of depending on cloud giants like Microsoft and Amazon. Kneron also unveiled the KL830 PC processor chip, which allows AI apps to run ondevice without requiring internet access, improving privacy. This announcement puts big names in the PC chip and AI businesses, including AMD and Intel, under pressure. Read More..

B2B Tech News | 1 months ago

Ransomware Attack on Synnovis Disrupts Major London Hospitals Services

Primary care services in southeast London, as well as many major hospitals in London, including Guys and St. Thomas and Kings College Hospital NHS Fou

Primary care services in southeast London, as well as many major hospitals in London, including Guys and St. Thomas and Kings College Hospital NHS Foundation Trusts, have poorly been interrupted by a ransomware assault on Synnovis, a lab services supplier, according to NHS England London. To determine the extent of the breach, the National Cyber Security Centre and its cyber operations team are working with the NHS promptly. This incident is similar to the May 2017 cyberattack that impacted more than onethird of NHS trusts in England and caused 19,000 appointments to be cancelled in less than a week. The ongoing situation highlights how dangerous cyberattacks on vital healthcare systems remain. Read More..

B2B Tech News | 1 months ago

Microsoft Expands Copilot Technology with New AI Tools for Customer Service Centers

Microsoft will expand its Copilot technology beyond creating PowerPoint presentations and email summaries by introducing new AI capabilities for custo

Microsoft will expand its Copilot technology beyond creating PowerPoint presentations and email summaries by introducing new AI capabilities for customer care contact centres. By using a businesss help guides and resources, these technologies will improve chatbots and enable them to respond to consumer queries more effectively. Furthermore, their goal is to enhance the productivity of human customer support representatives by enabling them to effortlessly navigate through various apps using natural language, thereby decreasing the intricacy and effort involved in their duties. With the release of the new software on July 1, Microsoft can contend with wellestablished companies in the call centre technology sector, such as Salesforce and Zoom. Read More..

B2B Tech News | 1 months ago

Cisco Launches $1 Billion AI Startup Fund Targeting Cohere, Mistral AI, and Scale AI

Cisco established a $1 billion fund for AI firms, including Scale AI, Mistral AI, and Cohere. Nearly $200 million has already been contributed to the

Cisco established a $1 billion fund for AI firms, including Scale AI, Mistral AI, and Cohere. Nearly $200 million has already been contributed to the Cisco fund. Cohere and Mistral AI are vying for $5 billion, while Scale AI is valued at around $14 billion. This action aligns with other significant behemoths like Microsoft, Meta, and Amazon, which have all invested significantly in AI companies after the AI boom sparked by OpenAIs ChatGPT. To incorporate generative AI and machine learning throughout its portfolio, Cisco has undertaken more than 20 AIfocused acquisitions and investments over the years. Read More..

B2B Tech News | 1 months ago

Apollo Global Acquires 49% Stake in Intel’s $11 Billion Irish Facility

In Leixlip, Ireland, Apollo Global Management will purchase a 49% ownership stake in Intels planned $11 billion manufacturing facility. The agreement,

In Leixlip, Ireland, Apollo Global Management will purchase a 49% ownership stake in Intels planned $11 billion manufacturing facility. The agreement, anticipated to finalise in Q2, enables Intel to reallocate its investment. With an initial investment of $18.4 billion, Intel is building the plant, which will be the first to use its cuttingedge EUV lithography technology. While Intel maintains ownership and management, the joint venture allows chip fabrication to occur at the location. This action is consistent with Intels plan to use funds and subsidies from the European Commission. According to CFO David Zinsner, the transactions favourable conditions give Intel financial flexibility as it manages the sluggish demand for conventional processors in the face of a rising market for AI components. Read More..

B2B Tech News | 1 months ago

TSMC Weighs Moving Chip Plants Amid China Tensions, But 8090% Remains in Taiwan

Taiwanese chipmaker TSMC has held talks with some customers about moving its chip plants off the island due to rising tensions with China. However, TS

Taiwanese chipmaker TSMC has held talks with some customers about moving its chip plants off the island due to rising tensions with China. However, TSMC Chairman C.C. Wei stated that it would be impossible to move chip factories out of the island, as 8090% of its production capacity is in Taiwan. The company is grappling with orders for highend chips offering generative artificial intelligence tools and services. TSMC has also had discussions with ChatGPT creator OpenAI over AI chip supplies, which the Taiwanese firm considered "too aggressive". Last year, TSMC and Altman discussed a potential partnership to build around three dozen factories to acquire enough silicon to meet their growing need. Despite the tensions in China, the topic of a possible war and its impact on chip supply chains has barely been featured at the annual Computex technology trade show in Taipei. Read More..

B2B Tech News | 1 months ago

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