Recent developments in the field of artificial intelligence have seen significant investments and partnerships. Sumitomo Corp and SBI Holdings have invested in FPT Smart Cloud Japan, a unit of Vietnam's FPT Corp, to promote AI adoption in Japan's $30 billion market. Meanwhile, Reco, an AI cybersecurity startup, has raised $25 million in funding to scale its AI-native SaaS security platform. In other news, an analysis of the US Department of Homeland Security's AI inventory has raised concerns about transparency and accountability, and Exabeam's research has found a disconnect between security leaders and practitioners when it comes to AI adoption. Additionally, IBM and the European Space Agency have launched an open-source AI model for Earth observation, and VentureBeat has spun out GamesBeat to focus on enterprise AI. The Washington Post has also partnered with OpenAI to feature its news content in ChatGPT responses, and Hippo Video has launched an AI-powered video automation platform for hospitality sales. Furthermore, researchers at Howard University are exploring AI bias and behavior, particularly in automated speech recognition systems, to address the lack of diversity in AI data and ensure that AI systems are more inclusive.
Key Takeaways
- Sumitomo Corp and SBI Holdings have invested in FPT Smart Cloud Japan to promote AI adoption in Japan's $30 billion market.
- Reco has raised $25 million in funding to scale its AI-native SaaS security platform.
- An analysis of the US Department of Homeland Security's AI inventory has raised concerns about transparency and accountability.
- Exabeam's research has found a disconnect between security leaders and practitioners when it comes to AI adoption.
- IBM and the European Space Agency have launched an open-source AI model for Earth observation.
- VentureBeat has spun out GamesBeat to focus on enterprise AI.
- The Washington Post has partnered with OpenAI to feature its news content in ChatGPT responses.
- Hippo Video has launched an AI-powered video automation platform for hospitality sales.
- Researchers at Howard University are exploring AI bias and behavior to address the lack of diversity in AI data.
- The growing demand for AI infrastructure requires a full-stack approach to networking, including open network operating systems and AI-powered automation.
Sumitomo and SBI Invest in FPT AI Unit
Sumitomo Corp and SBI Holdings will each acquire a 20% stake in FPT Smart Cloud Japan, a unit of Vietnam's FPT Corp, to promote AI adoption in Japan. FPT Corp will remain the major stakeholder. The investment aims to enhance AI capabilities in Japan's $30 billion market.
Asian Giants Partner for AI in Japan
SBI Holdings, Sumitomo Corp, and Vietnam's FPT Corp are teaming up to boost AI in Japan's $30 billion market. FPT Corp leads the venture with a 60% stake, while its Japanese partners each hold 20%. The collaboration focuses on advancing AI adoption using GPU Cloud infrastructure.
Reco Raises $25M for AI Cybersecurity
Reco, an AI cybersecurity startup, has raised $25 million in funding from Insight Partners and other investors. The company uses generative AI and AI agents to provide businesses with a SaaS security platform. Reco aims to fix the 'SaaS security gap' by providing visibility and security for cloud apps.
Reco Secures $25M for AI Native SaaS Security
Reco has raised $25 million in funding to scale its AI-native SaaS security platform. The company aims to close the 'SaaS security gap' by providing visibility and security for cloud apps. Reco's platform uses AI agents to identify and classify applications, providing continuous security and compliance.
US DHS AI Inventory Analysis Reveals Concerns
An analysis of the US Department of Homeland Security's AI inventory has raised concerns about transparency and accountability. The inventory revealed nearly 200 AI uses, but many details were omitted. The analysis found that DHS continued to extend and approve AI programs despite concerns about bias and error.
Exabeam Research Highlights AI Disconnect
Exabeam's research has found a disconnect between security leaders and practitioners when it comes to AI adoption. While executives believe AI has improved productivity, analysts disagree. The research highlights the need for a more nuanced understanding of AI's impact on cybersecurity and the importance of involving analysts in deployment decisions.
AI Networking Needs Full Stack Approach
The growing demand for AI infrastructure requires a full-stack approach to networking. Traditional networks are not designed to handle the dynamic, latency-sensitive demands of distributed AI workloads. A full-stack approach includes open network operating systems, multi-vendor orchestration, and AI-powered automation.
IBM and ESA Launch AI Model for Earth Observation
IBM and the European Space Agency have launched TerraMind, an open-source AI model for Earth observation. The model has an 'intuitive' understanding of geospatial data and can understand different types of data, including images, text, and time-based sequences. TerraMind outperformed other models in an ESA-led evaluation.
VentureBeat Spins Out GamesBeat, Focuses on AI
VentureBeat has spun out GamesBeat as a standalone company, allowing VentureBeat to focus on enterprise AI. VentureBeat will double down on editorial coverage, events, and products related to AI, data, and security. The company aims to help leaders navigate AI's practical implications and competitive edge.
Washington Post Partners with OpenAI
The Washington Post has partnered with OpenAI to feature its news content in ChatGPT responses. The partnership aims to make reliable, factual information easier to find and engage with. ChatGPT will highlight The Post's journalism and provide links to full articles.
Hippo Video Revolutionizes Hospitality Sales with AI
Hippo Video has launched an AI-powered video automation platform for hospitality sales. The platform helps hotel sales and marketing teams handle RFPs faster and more efficiently. Initial customers have reported transformative results, including 60% faster deal closures and a 3X boost in RFP engagement.
Howard Researcher Explores AI Bias and Behavior
Howard University researcher Lucretia Williams is exploring AI bias and behavior, particularly in automated speech recognition systems. Williams and her colleagues have gathered 600 hours of African American speech audio to improve AI systems. The research aims to address the lack of diversity in AI data and ensure that AI systems are more inclusive.
Sources
- Sumitomo, SBI Holdings to Take Stakes in Vietnam’s FPT AI Unit
- Asian Giants Team Up For AI Push In Japan's $30 Billion Market
- AI cybersecurity agent startup Reco just raised $25 million from Insight Partners
- Reco Secures $25M to Close the 'SaaS Security Gap' With AI-Native Dynamic SaaS Security
- Five Findings from an Analysis of the US Department of Homeland Security’s AI Inventory
- Exabeam Research Uncovers AI Disconnect Between Security Leaders and Practitioners
- The Missing Layer in AI Infrastructure: Why AI Networking Must Be Full-Stack, Open, and AI-Operated
- IBM and ESA launch AI model with ‘intuitive’ understanding of Earth
- VentureBeat spins out GamesBeat, accelerates enterprise AI mission
- The Washington Post now willingly handing reporting to OpenAI
- Hippo Video Revolutionizes Hospitality Sales with AI-Powered Video Automation
- Howard Researcher Lucretia Williams and Industry Partners Explore Artificial Intelligence’s Bias and Behavior