Author: Advanced AI Bot
On Memorial Day, the Oklahoma City Thunder’s Shai Gilgeous-Alexander scored an astonishing 40 points in Game 4 of the NBA Western Conference Finals, as millions watched on TV and clicked through clips on social media. The NBA is currently barreling towards its season finale, and quite a finale it will be: Of the four teams in the conference finals, only one has won the Larry O’Brien Championship Trophy before—the New York Knicks, in 1970 and 1973. (As a forlorn Miami Heat fan, I find my allegiances currently split between the Knicks and the ascendant Oklahoma City Thunder.) But this moment…
Deutsche Bank has announced an extension of its alliance with IBM, focusing on the integration of IBM’s software solutions into its operations. The agreement allows the German bank to utilise IBM’s extensive range of software offerings, which includes business and IT automation tools, hybrid cloud solutions, and the watsonx AI portfolio. Furthermore, Deutsche Bank will gain access to the latest enhancements in the IBM Storage Protect software suite. Deutsche Bank Group Technology Infrastructure head and AmericasTechnology Data and Innovation head Tony Kerrison said: “IBM is a natural partner for Deutsche Bank’s ambitious technology transformation, and their innovative solutions continue to…
Salesforce already possesses an extraordinary amount of data on the world’s biggest companies. The software giant’s acquisition of data management and analytics firm Informatica, however, signals its AI-agent platform, dubbed Agentforce, might need a boost. Salesforce’s dramatic pivot to AI agents seems to have stalled in its early days. The software giant is betting its $8 billion purchase of data-management firm Informatica, however, can help turbocharge the Silicon Valley stalwart’s transformation. Generally, investors have richly rewarded companies for pioneering agentic AI, or artificial intelligence that could autonomously perform tasks on a human’s behalf without constant intervention, a technology that could…
Salesforce is a cloud computing software company led by chairman and chief executive Marc Benioff. (Darron Cummings / Associated Press) Software company Salesforce said Tuesday it’s buying Informatica, which provides businesses with artificial-intelligence-powered data management tools, for $8 billion. The acquisition, one of Salesforce’s largest purchases, underscores how Bay Area companies are investing heavily in AI as they race to advance technology. San Francisco-based Salesforce helps businesses manage sales and customer data. The company said in a news release that the acquisition of Informatica, headquartered in Redwood City, will boost its efforts to deploy AI agents that can perform tasks…
TIMOTHY A. CLARY / AFP via Getty Images Stocks rose Tuesday after President Trump delayed EU tariffs threatened last week. Investors’ renewed risk appetite on Tuesday boosted Nvidia shares—and those of several companies linked with the tech giant—a day before the company is slated to report earnings. Nvidia (NVDA) stock rose 3.2% amid a broad rally following President Donald Trump’s weekend decision to postpone until early July a 50% tariff on European imports he first threatened on Friday. Consumer discretionary and tech stocks led Tuesday’s rally, with small-cap and AI stocks performing particularly well. (Read Investopedia’s full coverage of today’s…
Artificial intelligence (AI) software company C3.ai (NYSE:AI) will be announcing earnings results tomorrow after the bell. Here’s what to expect. C3.ai beat analysts’ revenue expectations by 0.5% last quarter, reporting revenues of $98.78 million, up 26% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ EBITDA estimates but a significant miss of analysts’ billings estimates. Is C3.ai a buy or sell going into earnings? Read our full analysis here, it’s free. This quarter, analysts are expecting C3.ai’s revenue to grow 24.6% year on year to $107.9 million, improving from the 19.6% increase…
Venture capital is about disrupting established business models, but lately it is VCs themselves who are facing disruption. The reason is AI, which is driving down the time and cost to build a startup, and has led some to predict a major shakeout is coming for venture capital firms. Ten years ago, entrepreneurs looking to build a dating app would have needed millions of dollars, and years of development before they could launch the business, said Sam Tidswell-Norrish, a senior founding member of Motive Partners, who left the private equity firm in December. He says that, today, those same founders…
Good morning. AI-powered digital labor is fundamentally changing the way work is accomplished. “We have jobs today within our own organization that didn’t exist 60 days ago,” Andy Valenzuela, EVP and COO of employee success at Salesforce, said during the Fortune Workplace Innovation Summit last week. The future of work is increasingly collaborative and dynamic, and will be augmented by tools like AI agents—autonomous programs that perform tasks on behalf of users, Valenzuela explained. That requires companies to rethink existing jobs, invest in talent, and maintain organizational flexibility to accommodate agents, he said. In four years, automation for frontline workers…
From OpenAI’s 4o to Stable Diffusion, AI foundation models that create realistic images from a text prompt are now plentiful. In contrast, foundation models capable of generating full, coherent 3D online environments from a text prompt are only just emerging. Still, it’s only a question of when, not if, these models will become readily available. Now one of Europe’s most prominent AI 3D model researchers, Matthias Niessner, has taken an entrepreneurial leave of absence from his visual computing & AI lab at the Technical University of Munich to found a startup working in the area: SpAItial. Formerly a cofounder at…
(Bloomberg) — US prosecutors demanded that Builder.ai hand over financial statements and other documents, signaling that the artificial intelligence company was facing legal scrutiny in the weeks before it went bust. Most Read from Bloomberg Builder.ai’s General Counsel Adi Vinyarsh told employees to preserve documents after the US Attorney’s Office for the Southern District of New York requested information including accounting policies and a list of customers, according to an internal company email reviewed by Bloomberg and people familiar with the matter. The request followed reports about the London-based company’s change of leadership and financial issues, according to the May…