Financial Services – AI.RadicalShift

newsDatabricks Secures $10B in Series J Funding and $5.25B Credit Facility to Drive AI Innovation

AI assistants, AI models, Algorithms, Americas, Analytics, Artificial Intelligence, Data, Industrial, Machine learning

January 23, 2025

Sheryl Rivera

$10 billion, $5.25 billion credit facility, AI infrastructure, AI innovation, AI products, Ali Ghodsi, analytics, Barclays, Citi, climate change, Data Intelligence Platform, Databricks, financial fraud, Financial Services, generative AI, Goldman Sachs, Healthcare, JPMorgan Chase, machine learning, Macquarie Capital, mental health, Meta, Mohammed Saif Al-Sowaidi, Morgan Stanley, open-source, pharmaceuticals, QIA, Series J funding, social inequality, sovereign wealth fund, Temasek

SAN FRANCISCO, CA — Databricks, a leader in data intelligence, has successfully completed its Series J funding round, raising $10 billion. This latest round sees participation from prominent existing investor QIA, the sovereign wealth fund of Qatar, along with new backers, including Temasek and Macquarie Capital-administered entities. Notably, Meta has also joined as a strategic…
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newsDatabricks Establishes Regional Hub in Saudi Arabia, Driving Data and AI Innovation in Alignment with Vision 2030

AI assistants, AI models, Algorithms, Americas, Analytics, Artificial Intelligence, Asia, Data, Industrial

December 10, 2024

Oleg Lazarov

Abdul Latif Jameel, AI solutions, Andy Kofoid, Apache Spark, data analytics, Data and AI, data certifications, data democratization, data engineering, data-driven future, Databricks, Databricks Data Intelligence Platform, Delta Lake, economic diversification, energy, enterprise AI, Financial Services, Future Skills Initiative, generative AI, global technology, Lakehouse, MCIT, Ministry of Communications and Information Technology, MLflow, Mohammad Alzaubi, Mohammed Alrobayan, Panda Retail, Public Investment Fund, regional hub, Retail, Riyadh, Sanabil Investments, Saudi Arabia, scalable applications, technical innovation, technological innovation, telecommunications, training programs, Vision 2030, workforce development

RIYADH — Databricks, a global leader in data and AI solutions, has launched operations in the Kingdom of Saudi Arabia (KSA), marking a significant milestone in its commitment to advancing data-driven innovation in the region. The company’s expansion includes a new office in Riyadh, strategic local partnerships, and initiatives aimed at upskilling the workforce in…
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newsIBM Launches Autonomous Security for Cloud Solution to Streamline AI-Driven Cloud Security Management

Americas, Artificial Intelligence, Automation, Cloud, Cybersecurity, Generative AI, Industrial, LLMs (Large Language Models), Security & Safety

November 14, 2024

Sheryl Rivera

Amazon Bedrock, ASC, Autonomous Security for Cloud, AWS, AWS expertise, AWS partnership, cloud adoption, cloud environments, cloud security, cloud security automation, cloud security management, cloud transformation, cloud-native automation, compliance, compliance management, compliance policies, Dave Vellante, Dimple Ahluwalia, Financial Services, generative AI, hygiene maintenance, IBM, IBM ASC solution, IBM consultants, IBM website, large language models, LLMs, Manufacturing, misconfigurations, monitoring, non-compliance, policy drift, proactive threat mitigation, public sector, RAG, retrieval-augmented generative applications, risk mitigation, security controls, tailored assessments, technical controls, theCUBE Research

ARMONK, N.Y. — IBM has introduced its new Autonomous Security for Cloud (ASC) solution, a generative AI-powered service designed to help organizations accelerate their cloud adoption while ensuring robust security and compliance. In partnership with Amazon Web Services (AWS), the ASC solution will leverage Amazon Bedrock’s generative AI technology to automate and streamline cloud security…
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newsIndonesia Launches Sahabat-AI: A Sovereign AI Initiative Powered by NVIDIA and Local Collaborations

AI assistants, Algorithms, Americas, Analytics, Artificial Intelligence, Asia, Data centers, Generative AI, Industrial, LLMs (Large Language Models)

November 13, 2024

Oleg Lazarov

Accenture, Accenture AI Refinery, AI, AI chatbot, AI cloud, AI Enterprise, AI factory, AI sovereignty, AI voice assistant, AI-powered healthcare services, Bahasa Indonesian, digital sovereignty, Dira, e-commerce, enterprise solutions, Erick Thohir, Financial Services, Golden Indonesia 2045, GoTo, government services, GPU Merdeka, Healthcare, Hippocratic AI, Indonesia AI Day, Indonesia Minister, Indonesia’s digital ecosystem, Indonesian LLM, Indosat Ooredoo Hutchison, Jensen Huang, Julie Sweet, Lintasarta, Llama 3 8B, local language models, NeMo, NIM microservices, NVIDIA, on-demand services, Patrick Walujo, Renewable energy, Sahabat-AI, sovereign AI, sustainable technology, Tech Mahindra, transport services, Vikram Sinha

SANTA CLARA — In a landmark collaboration, Indonesia’s government and leading technology companies, including Indosat Ooredoo Hutchison, GoTo, Lintasarta, and Accenture, have joined forces with NVIDIA to unveil Sahabat-AI, a collection of Indonesian-language large language models (LLMs) and AI services. This initiative aims to empower over 277 million Indonesian speakers and drive AI sovereignty, enabling…
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newsDatabricks Teams Up with AWS to Accelerate Generative AI Innovation with Mosaic AI and Trainium Chips

AI assistants, AI models, Algorithms, Americas, Analytics, Artificial Intelligence, Cloud, Data, Generative AI, Industrial, LLMs (Large Language Models), Semiconductors

October 16, 2024

Oleg Lazarov

AI deployment, AI development, AI training, Ali Ghodsi, Amazon Bedrock, AWS, AWS GovCloud, AWS Marketplace, AWS Trainium, cloud migration, cloud services, cost-effective AI, custom AI models, data intelligence, data platform modernization, Data-Driven Innovation, Databricks, FedRAMP High, Financial Services, generative AI, industry-specific AI solutions, large language models, LLMs, Matt Garman, media and entertainment, Model Serving, Mosaic AI, scalable AI, SEGA Europe, serverless compute, Stuart Wright, tailored AI applications

SAN FRANCISCO — Databricks, a leader in data and AI solutions, has announced an expanded strategic collaboration with Amazon Web Services (AWS) to drive advancements in generative AI using the Databricks Mosaic AI platform. Central to this partnership is the integration of AWS Trainium chips, enabling customers to pretrain, fine-tune, and deploy large language models…
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newsNLX Expands AI-Powered NLX Journey™ to Retail Sector, Redefining Conversational Commerce

AI assistants, Algorithms, Americas, Analytics, Artificial Intelligence, Automation, Industrial, LLMs (Large Language Models), Retail

September 11, 2024

Sheryl Rivera

advanced conversational experiences, AI-powered platform, Andrei Papancea, Comcast, commerce integration, conversational AI, conversational applications, cross-brand recommendations, customer engagement, customer service, digital transformation, enterprise-grade AI, Financial Services, Fortune 100 company, intuitive interactions, large language model, LLM, multimodal applications, NLX, NLX Journey, NLX website, no-code platform, personalized shopping experiences, real estate, Red Bull, retail sector, scalable AI, technology stack, United Airlines

NEW YORK — NLX, a leading AI platform renowned for enabling advanced conversational experiences, has announced the expansion of its AI enterprise solution, NLX Journey, into the retail sector. Launched in July for travel and hospitality industries, NLX Journey uniquely integrates search, customer service, and commerce into a seamless conversational experience, empowering customers to interact…
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newsNVIDIA GTC 2024: Uniting Industry Titans in the AI Revolution

Algorithms, Analytics, Artificial Intelligence, Automation, Generative AI, Industrial, Robotics, Startups

February 21, 2024

Sheryl Rivera

accelerated computing, agriculture, AI, AI revolution, Financial Services, generative AI, Goldman Sachs, Google DeepMind, GTC 2024, Healthcare, Jensen Huang, Meta, Microsoft GenAI, NVIDIA, NVIDIA Inception, OpenAI, Refik Anadol, robotics, Stanford University, startups, Telecom, Transportation, venture capital

SANTA CLARA — NVIDIA‘s highly anticipated GTC 2024 conference is set to take place at the San Jose Convention Center from March 18-21, marking the first in-person gathering in five years. The event will witness the convergence of AI leaders and top companies from diverse sectors such as healthcare, transportation, financial services, telecom, and agriculture,…
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newsNatWest Group and AWS Partner to Drive Financial Wellbeing through AI Innovation

Artificial Intelligence, Banks, Europe, Financial, Machine learning

September 19, 2023

Sheryl Rivera

AI Models, Amazon Bedrock, Amazon SageMaker, Amazon Web Services, artificial intelligence, AWS, collaboration, Customer Safety, data scientists, Engineers, Financial Services, Financial Wellbeing, generative AI, Know Your Credit Score, NatWest Digital Financial Health Check, NatWest Group, Personalized Support, responsible AI, Scam Detection, Scott Marcar, security, Swami Sivasubramanian

LONDON — NatWest Group has unveiled an expanded collaboration with Amazon Web Services, Inc. (AWS), aiming to leverage artificial intelligence (AI), including AWS’s generative AI solutions, to accelerate progress toward its ambitious goal of assisting 10 million individuals in managing their financial wellbeing by 2027, according to a press release published on EuropaWire . Recognizing…
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What is RadicalShift AI?

RadicalShift.ai represents the paradigm shift the artificial intelligence (AI) brings upon all of us, from the way we live and work to the way we do business. To help cope with these fundamental changes across life, industries and the world in general, we are obsessively observing (30+ markets across multiple continents) and covering the AI industry while building a scalable open platform aimed at people, businesses and industry stakeholders to contribute across (benefit from) the entire spectrum of the AI industry from news, views, insights to knowledge, deployments, entities, people, products, tools, jobs, investors, pitch decks, and beyond, helping build what would potentially be a resourceful, insightful, knowledgeable and analytical source for AI related news, information and resources, ultimately becoming the AI industry graph/repository.