SAP, the business software maker, reported better-than-expected quarterly revenue, driven primarily by the growth of its cloud business. In order to provide the best service, SAP is incorporating OpenAI's chatbot ChatGPT into its product, making sure to prepare for potential misuse of AI generative models. Despite Q2 revenue lower than expected due to the divestment of Qualtrics unit, SAP remains confident of the growth and announced the upcoming introduction of AI technologies at the annual Sapphire conference next month.
Microsoft's groundbreaking AI chip Athena could revolutionize OpenAI's language models, saving up to $700,000 per day in processing costs. Microsoft began this project in 2019, now employing more than 300, working to make it available to internal users as soon as 2021. Latitude, an AI dungeon game using OpenAI's language model, is already paying $200,000 a month for AWS servers. Microsoft is looking to improve budgeting for AI projects and reduce operations costs for AI models.
Leading SaaS and Cloud-Enabled Contract Life-Cycle Management Applications provider Icertis has been acknowledged as a Leader in IDC MarketScape's report. It is recognized for its superior strategies, capabilities and vertical expertise. AI-powered insights, intuitive integrations with S2P providers, and advanced-level discovery and data mining capabilities enable organizations to reap substantial value from their contracts. Icertis is transforming the way businesses of all sizes manage their contracts.
Samsung, the world's largest electronics company is reconsidering its partnership with Google and may replace Google's default search engine, with Microsoft's ChatGPT-powered Bing. With its global market share at 12.5% Q4, 2022, could this be the dawn of a new era in search? Could ChatGPT be the AI-powered answer to taking on Google? Satya Nadella, CEO of Microsoft, may have the answer.
Wissen Technology, a US-based technology solutions and consultancy provider, opened their state-of-the-art Offshore Development Centre (ODC) in Bengaluru, India. They offer a wide range of services such as cloud, AI, Machine Learning, App Development, Big Data & Analytics and more. For 3 consecutive years (2020-2023), Wissen has been awarded the coveted Great Place to Work certification. Experience innovating engineering solutions with the help of their 1400 strong workforce.
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?