Generative AI (GenAI) stories

Hitachi Vantara's new Hitachi iQ portfolio, featuring AI-ready infrastructure and solutions, is now available worldwide.

Organisations are significantly boosting their generative AI investments, with nearly a quarter now integrating the technology, up from 6% in 2023.

NVIDIA introduces AI Foundry with Llama 3.1 models and NIM microservices, aiming to boost generative AI capabilities for enterprises, with Accenture as the first adopter.

Salesforce and Workday team up to offer an AI-powered employee service agent, leveraging unified HR and CRM data to enhance productivity and simplify routine tasks.

A new report reveals CFOs and CIOs in ANZ are tightening collaborations to ensure technology investments deliver tangible business results.

Australia ranks fourth globally in GenAI adoption, trailing only China, the UK, and the US, with 63% of local organisations embracing the technology.

LG Electronics bolsters its smart factory solutions, integrating AI and digital transformation to enhance efficiency and expand its client base beyond the LG Group. PRI anticipates KRW 200 billion in orders.

DBS to launch in-house developed Gen AI-powered CSO Assistant by late 2024 to boost customer service efficiency for 250,000+ monthly users.

A new NTT DATA UK&I survey reveals that life science leaders are most concerned about cyber-attacks for espionage, while seeing AI as a major revenue opportunity.

Accenture's new report highlights a surge in change management investments, with 96% of global firms planning to allocate over 5% of revenue to change initiatives, yet readiness lags behind.

Commvault appoints Pranay Ahlawat as its first Chief Technology and AI Officer, aiming to enhance cyber resilience through advanced AI innovations amid rising cyber threats.

Andrew Foot of Dynatrace has discussed their cloud migration progress and strategic successes, with a whopping $1.5 billion in annual recurring revenue.

The Australian IaaS market surged by 20.76% in 2023 to reach AUD $3.3 billion, with Microsoft dethroning Amazon as the leading provider, Gartner reports.

Financial services institutions plan to raise IT modernisation spending by 33% in 2024 despite concerns about meeting the data demands of generative AI.

Intel partners with the IOC to launch AthleteGPT, a GenAI chatbot on the Athlete365 platform, aiming to assist 11,000 athletes at the Paris 2024 Olympics.

Infor finalises its acquisitions of Albanero and Acumen to boost data-driven growth strategies, integrating data management and specialised consulting into its CloudSuite.

Harmonic Security launches Harmonic Protect, a zero-touch data protection tool for the generative AI era, eliminating manual data labelling and complex rules.

NVIDIA's new Inference Microservices simplify AI integration, offering developers powerful tools for applications and games with secure and efficient performance.

Vista Group partners with Microsoft Azure in a landmark cloud deal to revolutionise cinema management using AI, launching an innovative daily podcast for executives.

Legacy systems are costing businesses nearly USD $3 million annually, reveals SnapLogic. The integration of GenAI promises to alleviate 25% of workloads.