All articles tagged with #ai solutions
AMD has completed the sale of its data center infrastructure manufacturing business to Sanmina, while retaining design and customer enablement teams to enhance AI system deployment for cloud customers, and forming a strategic partnership to strengthen its ecosystem and accelerate product deployment.
Dell Technologies beat Q2 earnings expectations with a 19% increase in sales and earnings, driven by record AI solutions shipments, but its stock fell over 4% after providing mixed guidance for the upcoming quarter and raising full-year targets. Meanwhile, HP reported in-line earnings with a sales beat, benefiting from AI PC adoption, and both companies are navigating a dynamic tech market.
Uber is expanding its AI data labeling services through Uber AI Solutions, aiming to compete in the market following Scale AI's deal with Meta. The company is offering ready-to-use datasets, licensing its internal platforms, and developing automation tools to streamline project setup. With a presence in over 30 countries and a growing network of clickworkers, Uber seeks to leverage its size and experience to establish a significant position in the AI data labeling industry, amidst increased competition and industry shifts.
SoundHound AI Inc (NASDAQ:SOUN) reported a record quarter with an 80% increase in Q4 revenue to $17.1 million and an 80% improvement in adjusted EBITDA year-over-year. The company's bookings backlog doubled to $661 million, and its net loss decreased by 42% in Q4. Despite challenges, including ongoing investments in research and development, the company's strong financial position and robust growth projections signal a promising future in the voice AI industry.
Palantir's stock surged 8.8% following strong earnings results and sustained market momentum, driven by growing demand for its AI solutions. The broader market indices also rose, with positive earnings reports from tech giants contributing to growing optimism. Expectations for positive gains in 2024, particularly for AI-related stocks, and hopes for potential rate cuts by the Fed further fueled investor optimism. Despite the stock's volatility, Palantir's solid performance in the previous quarter, including revenue growth, improved margins, and strong commercial business outlook, has contributed to its 42.6% year-to-date increase.
Deloitte is partnering with Google to build new generative AI solutions and help customers migrate to Google Cloud. Deloitte's Generative AI Practice focuses on boosting productivity and driving business innovation, with a big focus on workforce transformation and trustworthy AI. The partnership aims to bring Google's generative AI capabilities to enterprises in every industry and adapt the model for individual use cases. Deloitte's Gopal Srinivasan emphasizes the need for proactive workforce transformation to augment human capability and advance productivity.
Google is reportedly working on generative AI tools, powered by PaLM 2, that will help advertisers and YouTube creators create media assets. The tools will generate media assets, including titles and descriptions, based on relevant topics. Amazon and Meta are also testing generative AI for advertisers. The integration of generative AI by Google will be worth testing to see if it helps improve performance, especially with conversion rates down and CPLs up. The official announcement of these AI solutions may be made at the upcoming Google Marketing Live event.