IBM Acquires Hakkoda to Strengthen Its Investment in AI Consultancy Services

IBM announced on Monday that it has acquired Hakkoda, a New York-based data and AI consultancy. This acquisition is intended to enhance IBM’s capacity to integrate consultants and AI solutions for clients, particularly in sectors such as financial services, public sector, and healthcare. Mohamad Ali, Senior Vice President and head of IBM’s consulting division, emphasized […]

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Moonvalley Secures $43M in Funding: Latest SEC Filing Reveals

Los Angeles-based startup Moonvalley, which specializes in AI tools for video creation, has successfully raised $43 million in new venture capital, as indicated by an SEC filing. This announcement comes just a week after the launch of their first AI video-generating model, Marey. The filing revealed the involvement of 11 unnamed investors and followed Moonvalley’s […]

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Shopify CEO Advises Teams to Embrace AI Before Expanding Workforce

In a recent memo addressed to employees, Shopify CEO Tobi Lütke introduced a significant policy change that mandates teams to explain why artificial intelligence (AI) cannot handle a particular job before they can request additional headcount and resources. Lütke emphasized the need for teams to consider how their areas might function if autonomous AI agents […]

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Google Reportedly Compensating AI Employees for a Year to Prevent Them from Joining Competitors

Retaining top talent in the field of artificial intelligence has become increasingly challenging due to fierce competition among major industry players like Google and OpenAI. In an effort to secure their best AI professionals, Google’s AI division, DeepMind, has implemented strict noncompete agreements for some of its employees in the U.K. These agreements prevent individuals […]

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IBM Unveils New Mainframe Designed for the AI Era

IBM has announced the launch of its latest mainframe hardware, the IBM z17, aiming to boost the adoption of artificial intelligence (AI). This device is equipped with the new IBM Telum II processor and supports over 250 AI use cases, including generative AI and AI agents. Despite the impression that mainframes are outdated, they remain […]

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