This week’s highlights include groundbreaking developments in AI and generative AI, showcasing innovative clinical digital assistants, strategic funding achievements, and enhanced AI capabilities for enterprise applications. These advancements are poised to transform healthcare interactions, optimize investment management, and automate complex business processes, underscoring the far-reaching impact of AI across various sectors. From accelerating global hiring practices to revolutionizing emergency call center operations, these innovations exemplify the transformative potential of AI in driving efficiency, accuracy, and innovation in business operations.
Oracle announced the general availability of the Oracle Clinical Digital Assistant for ambulatory clinics in the US. This innovative mobile offering leverages generative AI, clinical intelligence, multimodal voice and screen-driven assistance, and simplified workflows into a single, unified solution, allowing providers to focus entirely on patient care. Integrated with the Oracle Health Electronic Health Record (EHR), the solution revolutionizes the doctor-patient experience by incorporating clinical automation, conversation-based note generation, and proposed clinical follow-ups directly at the point of care.
BlueFlame AI Raises $5M in Series A, Reaching $50M Valuation
BlueFlame, the rising star in generative AI for alternative investment management, has closed a successful Series A funding round, raising $5 million and achieving a $50 million valuation. The round, which was oversubscribed by 25%, drew significant interest from industry leaders, strategic partners, and the company’s own management team.
Box Enhances Box AI And Introduces Unlimited Queries for Enterprise Plus Customers
The new Box AI for Metadata API enables developers to integrate Box AI with bespoke apps, automating the extraction of important information from documents at scale. When paired with Box’s workflow automation capabilities, this capability enables businesses to automate processes based on file metadata, extract essential fields from unstructured material, and save data to other apps like Salesforce.
DataStax Will Launch Major AI Platform Updates At The RAG++ Event In San Francisco
DataStax, a major AI platform business, plans to release substantial changes to its Generative AI development platform, which will expedite retrieval of augmented generation (RAG)-powered application development by 100 times. These enhancements will be shown tonight in San Francisco at the RAG++ event, which will also include partners such as LangChain, Microsoft, NVIDIA, and Unstructured.
G-P Launches AI Onboarding Tool, Aims to Streamline Global Hiring
In a move set to revolutionize global hiring practices, G-P (formerly Globalization Partners) has announced the launch of AI-powered global onboarding for its employer of record products. This innovative solution aims to simplify and expedite the hiring and onboarding process for businesses operating across international borders. The new system leverages artificial intelligence to manage the entire onboarding journey, from generating job offers to finalizing employment agreements and setting up benefits.
New Relic AI Wins Best Code Generative AI Solution Award
New Relic, a leading provider of observability platforms, has been awarded the “Best Code Generative AI Solution” at the AI Breakthrough Awards for its New Relic AI product. The recognition underscores the company’s efforts to make observability more accessible and user-friendly across various industries.New Relic AI stands out for its ability to interpret natural language queries about system performance, analyze recent changes, and assist with platform navigation. The tool aims to break down data silos between teams and provide a unified system of intelligence for organizations.
Stability AI Secures Significant New Investment and Appoints Prem Akkaraju as CEO
Stability AI, a leading generative AI business focused on image, language, code, and audio, has announced the successful completion of a first round of funding from a select group of world-class investors. This strategic investment is expected to accelerate the company’s growth and improve its capacity to provide cutting-edge generative AI solutions to both the consumer and business sectors.
Tempus AI Teams Up with United Therapeutics to Tackle Pulmonary Hypertension Using AI
Tempus AI, Inc.announced a groundbreaking collaboration with biotechnology giant United Therapeutics (UT) to develop AI-powered medical software for early detection of pulmonary hypertension (PH).The partnership aims to address the critical issue of delayed diagnosis in PH, a fatal and progressive heart and lung disease affecting approximately 1% of the population. Despite available treatments, PH diagnosis is often delayed by two or more years.
The legendary Toys”R”Us brand jumped ahead of the curve by creating the first-ever brand film utilising OpenAI’s new text-to-video engine, Sora. Toys”R”Us Studios, the worldwide toy brand’s entertainment production arm, has worked with Emmy-nominated creative firm Native Foreign, whose Chief Creative has alpha access to Sora, which has yet to be publicly published. They collaborated to launch this brand video during the 2024 Cannes Lions Festival, exposing it to an audience of brand and advertising industry executives at an exclusive LBB Beach event in France.
Comtech Launches AI-Powered Solution to Tackle 911 Call Center Staffing Shortages
Comtech unveiled a new artificial intelligence-backed solution aimed at alleviating the growing problem of staffing shortages in emergency call centers across the United States. The technology, dubbed SmartAssist™, is designed to handle non-emergency calls without human intervention, potentially revolutionizing how 911 centers manage their increasing call volumes.SmartAssist uses AI chatbots programmed with conversational design to understand and respond to callers’ natural language, effectively triaging and resolving low-priority, non-emergency inquiries.
Voicebrook Launches One of The First Generative AI Feature for Pathologists
Voicebrook, a pathology reporting solutions provider, announced the release of DraftDiagnosis, a revolutionary generative AI feature that will help pathologists summarise diagnoses for cancer case reports. With this invention, Voicebrook becomes the first supplier of pathology reporting solutions to apply generative AI for writing diagnoses based on the College of American Pathologists’ electronic cancer protocols (CAP eCP).
Zapata AI Joins The KT Consortium To Transform Chemical Engineering Processes Using Generative AI
Zapata Computing Holdings Inc., the Industrial Generative AI company, announced that it has joined the KT Consortium, a collaborative body that connects global industry leaders in chemical a nd biochemical manufacturing with cutting-edge technologies emerging from academia. As consortium members, Zapata AI will work with some of the world’s leading chemical and biochemical manufacturers, including Henkel, Mitsubishi Chemical, Neste, Total Energy, Syngenta, and Arkema, to accelerate chemical compound development and manufacturing at scale.
Zip Enhances Spend Orchestration Platform with AI-Powered Procurement Assistant
Zip announced the integration of a generative artificial intelligence (AI) procurement assistant into its spend orchestration platform. This new function, along with two other AI-powered features, document extraction and input automation, promises to help firms expedite their procurement operations. The platform’s new AI document extraction tool can scan order forms, contracts, and other documents in seconds, parsing the data to produce a unified source of truth. This data is then used to automate procedures, increasing efficiency and accuracy in procurement operations.
