Here is IT Digest’s weekly roundup of the top news from global markets. In this fast-paced world, breaking down information helps readers grasp the nuances that follow the news.
In Hardware and Network news this week…
Lumen & Meta Partner for AI Network Expansion
Lumen Technologies and Meta are partnering to significantly increase Meta’s network capacity and help drive its bold AI ambitions. The expanded network will provide dedicated interconnection for Meta’s industry-leading infrastructure, strengthening and increasing the company’s ability to lead in AI development. This increase in capability is another differentiator that will fuel Meta’s vision to advance AI for a more connected world.
In Artificial Intelligence news this week….
Infosys and Meta Expand Partnership for Enterprise AI Innovation
Infosys, a global leader in next-generation digital services and consulting, strengthened its collaboration with Meta, a multinational technology company, to drive innovation in generative AI through open-source initiatives. Infosys is a strong proponent of open-source software and remains steadfast in its commitment to democratizing AI. Leveraging Meta’s Llama stack, a family of open-source large language models and tools, Infosys is driving significant advancements in AI and fostering innovation across industries.
In FinTech news this week….
NayaOne Boosts Generative AI Adoption in Finance with NVIDIA
NayaOne, a leader in digital transformation platforms for enterprises, announced it is driving the rapid adoption of generative AI within the financial services industry leveraging the NayaOne Digital Sandbox and NVIDIA’s accelerated computing platform, including NVIDIA NIM microservices, a part of the NVIDIA AI Enterprise software platform.
In Computer Science news this week…
Code Willing Launches Full-Stack Platform for Hedge Funds
Code Willing, Inc. has announced its advanced CWIQ platform, designed to empower hedge funds by streamlining data analysis workflows for model development, simulation, and backtesting. This innovative platform allows research teams to focus on data science, feature engineering, and alpha generation while optimizing elastic compute resources and data usage, driving competitive returns.
In HealthTech news this week…
Notable’s AI Platform Adds Flow Builder for Productivity
Notable, the leading healthcare AI platform for transforming workforce productivity, announced the launch of Flow Builder, a low-code interface that allows users to build, customize, and deploy AI-powered Agents across a wide array of operational workflows to eliminate administrative burdens, reduce operational costs, improve patient engagement, and supercharge productivity.
In Information and Communications news this week…
Socure Acquires Effectiv for $136 Million Deal
Socure, the leading provider of artificial intelligence for digital identity verification, fraud prevention and sanction screening, has signed an agreement to acquire Effectiv, a real-time risk decisioning company, for $136M. The acquisition is expected to close in November.
Article of the Week
Benefits and Real-Life Use Cases of AI and IoT
Picture a smarter future. A world where machines aren’t passive tools but active partners that collaborate with us. It’s a vision that feels like something straight out of a sci-fi film. This isn’t just a fantasy. This is a natural result of the harmony between two transformative technologies: Artificial Intelligence (AI) and the Internet of Things (IoT). Together, they can turn this vision into reality. But what exactly are AI and IoT, and why are they so crucial to this future? Artificial Intelligence is all about creating systems that can learn from past experience. AI systems can learn and do tasks that usually need human intelligence.