Archive for the ‘business’ category

Sep 21, 2023

Cisco to acquire Splunk in $28B mega deal

Posted by in categories: business, security

Cisco has a reputation of building the company through acquisitions, but it has tended to stay away from the really huge ones. That changed this morning when the company announced it was acquiring Splunk for $28 billion.

With Splunk, it gets an observability platform that could fit nicely into its security business to help customers better understand security threats, while also helping parse oodles of log data to resolve other problems like helping understand system failures or troubleshoot myriad issues across a broad array of enterprise systems.

Under the terms of the deal, Cisco is paying a hefty premium of $157 per share. When you consider that the 52-week low was $65 a share and it has hovered in the high 80s and low 90s much of this year, that’s a big bump for Splunk stockholders and suggests there might have been some competition for the logging giant. The company’s most recent market cap sits at just over $20 billion.

Sep 20, 2023

Automation Anywhere unveils expanded Generative AI-powered automation platform to empower people and teams and accelerate enterprise productivity Gains

Posted by in categories: business, robotics/AI

Automation Anywhere, the leader in intelligent automation, announced a historic expansion of its Automation Success Platform, enabling enterprises to accelerate their transformation journeys and put AI to work securely throughout their organizations. Automation Anywhere’s new tools and enhancements deliver AI-powered automation across every team, system and process. During Imagine 2023, the company unveiled a new Responsible AI Layer, and announced four key product updates including the brand-new Autopilot, which enables the rapid development of end-to-end automations from Process Discovery, using the power of generative AI. The company also announced new, expanded features in Automation Co-Pilot for Business Users, Automation Co-Pilot for Automators, and Document Automation.

“The combination of generative AI and intelligent automation represents the most transformational technology shift of our generation,” said Mihir Shukla, CEO and Co-Founder, Automation Anywhere. “Every company, every team, every individual will be able to re-imagine their system of work and automate the processes that hold them back. Great people, empowered with AI and intelligent automation will be absolutely transformative to their organizations as they increase their productivity, creativity and accelerate the business.”

Sep 19, 2023

In The Age Of AI, Everything Is An API

Posted by in categories: biotech/medical, business, education, finance, governance, information science, robotics/AI

The API-AI nexus isn’t just for tech enthusiasts; its influence has widespread real-world implications. Consider the healthcare sector, where APIs can allow diagnostic AI algorithms to access patient medical records while adhering to privacy regulations. In the financial sector, advanced APIs can connect risk-assessment AIs to real-time market data. In education, APIs can provide the data backbone for AI algorithms designed to create personalized, adaptive learning paths.

However, this fusion of AI and APIs also raises critical questions about data privacy, ethical use and governance. As we continue to knit together more aspects of our digital world, these concerns will need to be addressed to foster a harmonious and responsible AI-API ecosystem.

We stand at the crossroads of a monumental technological paradigm shift. As AI continues to advance, APIs are evolving in parallel to unlock and amplify this potential. If you’re in the realm of digital products, the message is clear: The future is not just automated; it’s API-fied. Whether you’re a developer, a business leader or an end user, this new age promises unprecedented levels of interaction, personalization and efficiency—but it’s upon us to navigate it responsibly.

Sep 18, 2023

Google’s Gemini AI is a Serious Threat to ChatGPT — Here’s Why

Posted by in categories: business, robotics/AI

At a glance, Gemini’s ability to generate text and images gives it a serious advantage over GPT4 with respect to the range of content that it can produce.

However, perhaps the most threatening differentiator between the two is Google’s vast array of proprietary training data. Google Gemini can process data taken across services, including Google Search, YouTube, Google Books, and Google Scholar.

The use of this proprietary data in training the Gemini models could result in a distinct edge in the sophistication of the insights and inferences that it can take from a data set. This is particularly true if early reports that Gemini is trained on twice as many tokens as GPT4 are correct.

Continue reading “Google’s Gemini AI is a Serious Threat to ChatGPT — Here’s Why” »

Sep 17, 2023

We BUILT a 4000° Lightsaber Staff (IT’S CORDLESS!)

Posted by in categories: business, weapons

Hacksmiths are continuing to improve their lightsaber designs.

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Continue reading “We BUILT a 4000° Lightsaber Staff (IT’S CORDLESS!)” »

Sep 17, 2023

Ruto sells M-Pesa revolution as Adan Mohamed introduced as cabinet secretary in US meeting

Posted by in categories: business, mobile phones

Kenya’s mobile pay platform was probably the first established in 2007. In 4 years it will be two decades. I had PayPal with my old phone line. Now the President of Kenya, there with Tim Cook has said Apple play also will be integrated with MPESA, Kenya’s mobile money platform. Kenyans also were paid about $2 an hour to make ChatGPT safer. Kenya has alot to offer, except leadership. 🙄 President Ruto spoke at the US-Affica Business Roundtable yesterday.

By Daniel Ogetta.


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Sep 16, 2023

Sustainable Development Impact Meetings 2023

Posted by in categories: business, sustainability

Sustainable Development Impact Meetings 2023 are being held in NYC from Sep 18 to 22. This event by the World Economic Forum will bring together business leaders, policymakers and innovators to accelerate progress on UN Sustainable Development Goals.

Sep 15, 2023

Company Appoints Robot as Experimental CEO

Posted by in categories: business, robotics/AI

The company says the robot’s artificial intelligence shows how robots could have a role to play in business.

Sep 15, 2023

How AI Could Save (Not Destroy) Education | Sal Khan | TED

Posted by in categories: business, education, robotics/AI

Sal Khan, the founder and CEO of Khan Academy, thinks artificial intelligence could spark the greatest positive transformation education has ever seen. He shares the opportunities he sees for students and educators to collaborate with AI tools — including the potential of a personal AI tutor for every student and an AI teaching assistant for every teacher — and demos some exciting new features for their educational chatbot, Khanmigo.

If you love watching TED Talks like this one, become a TED Member to support our mission of spreading ideas:

Continue reading “How AI Could Save (Not Destroy) Education | Sal Khan | TED” »

Sep 13, 2023

SpaceX no longer taking losses to produce Starlink satellite antennas, a key step to improving profitability

Posted by in categories: business, Elon Musk, internet, satellites

PARIS – Elon Musk’s SpaceX is no longer absorbing the cost of the Starlink antennas that it sells with its satellite internet service, a company executive said on Wednesday, a key step to the company improving its profitability.

“We were subsidizing terminals but we’ve been iterating on our terminal production so much that we’re no longer subsidizing terminals, which is a good place to be,” Jonathan Hofeller, SpaceX vice president of Starlink and commercial sales, said during a panel at the World Satellite Business Week conference.

SpaceX sells consumer Starlink antennas, also known as user terminals, for $599 each. For more demanding Starlink customers – such as mobile, maritime, or aviation users – SpaceX sells antennas with its service in a range from $2,500 to $150,000 each.

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