Data Processing news and trends

Tech Giants Bet Billions on AI Agents That May Reshape Commerce as We Know It
artificial intelligence // October 03, 2024

Artificial intelligence (AI) agents are emerging as a potentially transformative force in global commerce, with major tech players betting billions on their ability to revolutionize business processes. Accenture and Nvidia announced an expanded partnership Tuesday to accelerate enterprise AI adoption, including agents. The move comes...

Meta’s Open-Source AI Model Sparks Industry Debate on Commerce’s Future
artificial intelligence // July 29, 2024

Industry experts are debating the business impact of Meta’s free artificial intelligence (AI) model Llama 3.1, weighing its potential against practical implementation challenges. Boasting 405 billion parameters, the AI model claims performance comparable to proprietary competitors like GPT-4 and Claude 3.5 Sonnet. As Meta expands...

AI Shift Redefines Edge Computing Strategies
artificial intelligence // July 25, 2024

AI’s integration with edge computing is accelerating as tech firms vie to offer faster, localized data processing — a shift that could reshape retail, supply chains and customer experiences. Edge computing processes data near where it’s created instead of in distant cloud servers. Companies like...

China’s AI Patent Boom: 38,000 Filings Dwarf Global Rivals
artificial intelligence // July 05, 2024

China has emerged as the dominant force in generative artificial intelligence (AI) patents, outpacing global competitors by a significant margin, according to a new report from the World Intellectual Property Organization (WIPO). The study reveals that Chinese inventors filed over 38,000 GenAI patents between 2014...

Interviews & Exclusives
AI Faces a Data Drought … for Real

April 10, 2024
The demand for high-quality data, essential for powering artificial intelligence (AI) conversational tools like OpenAI’s ChatGPT, may soon outstrip supply and potentially stall AI progress, industry analysts warned. The exponential reliance on comprehensive datasets is a double-edged sword for AI development. While necessary for enhancing the sophistication of models like ChatGPT, the impending data shortage […]

Why We Should Be Optimistic About the Future of AI

June 14, 2023
Does the hyper rapid rise of artificial intelligence (AI) signal the end of the world? Or the start of a new era?  Jason Verlen, senior vice president, product management, at CCC Intelligent Solutions Inc.,...

Spreadsheet Mistakes Create Costly Consequences for CFOs

November 30, 2022
New findings show the 35-year-old digital spreadsheet is proving to be error prone and costly. A widespread tool, Microsoft’s Excel spreadsheet product is ubiquitous across industries and still widely relied...

Quick Reads
UiPath Buys Peak to Bolster Agentic Automation Platform

March 13, 2025
Enterprise automation and artificial intelligence (AI) software company UiPath has acquired AI platform Peak. “With the acquisition of Peak, we are accelerating our mission to strengthen our vertical AI solutions strategy,” Daniel Dines, UiPath’s founder and chief executive, said in a news release Thursday (March 13). “When combined with the UiPath platform, Peak’s exceptional purpose-built AI applications will enhance our ability […]

Databricks and Nvidia Team to Reduce AI Data Processing Energy

June 12, 2024
Nvidia is further expanding its partnership with artificial intelligence (AI)/data company Databricks. The latest collaboration, announced Wednesday (June 12), is designed to optimize data and AI workloads by bringing Nvidia’s...

Verizon Expects to Double Network Thanks to AI Demand

May 14, 2024
Verizon Communications is reportedly placing a significant bet on artificial intelligence (AI) as its next major growth driver. The company, which is the largest retail wireless carrier in the United States,...

Datavolo Raises $21 Million to Build Multimodal Data Pipelines for AI

April 02, 2024
Datavolo has raised $21 million to continue helping customers build scalable and secure multimodal data pipelines for artificial intelligence (AI).  The company will use the new capital to harness Apache...