Microsoft & OpenAI Partnership Cleared, ServiceNow's AI Yokohama Release, and Onyx's Open Source Search Tool - Enterprise AI Brief #8

Hi there,

Welcome to the latest edition of the Enterprise AI Brief, where we bring you the most recent developments in the world of artificial intelligence and its impact on enterprises. In this edition, we cover a range of topics from various sectors. Onyx has developed an open-source enterprise search tool, while ServiceNow has launched its Yokohama Release, which includes new AI and automation features. Additionally, Brazil's Postal Service is exploring blockchain and AI solutions to enhance its operations.

In the realm of partnerships, Microsoft's collaboration with OpenAI has been cleared by the UK CMA, paving the way for further advancements. Meanwhile, AlphaSense and Cerebras have teamed up to deliver faster AI insights. Stay tuned as we delve into these stories and more, highlighting the transformative power of AI across industries.

Onyx is developing an open source enterprise search tool that integrates with over 40 data sources to enable quick implementation. ServiceNow has launched the Yokohama release, featuring AI innovations and automated workflows to enhance enterprise productivity. The Empresa Brasileira de Correios e Telégrafos is seeking blockchain and AI solutions to improve logistics and operations. Reka has introduced Nexus, an AI platform for automating business workflows using the Reka Flash model. Coupa Software reports significant growth in its AI-native total spend management platform, processing over $1.5 trillion in transactions. Nubank partners with OpenAI to enhance customer service and internal operations for its 114 million users.

Sastra Global Business Innovation, a robotics company from Kochi, plans to invest £8 million in the UK, creating 75 jobs. Mirakl has released its 2024 financial results, showing a 30% increase in Gross Merchandise Value to $11.2 billion and a rise in Annual Recurring Revenue to $177 million. Publicis Groupe plans to acquire Lotame, a data marketplace, to enhance its AI strategy and identity-driven marketing.

Red Canary announced a 63% increase in new customer bookings for fiscal year 2025, reaching over $140 million in annual recurring revenue. The company introduced AI-powered product innovations and received recognition in the cybersecurity community. Juniper Networks is partnering with Saudi Telecom Company (stc) to enhance 5G security using AI-driven automation. The collaboration involves a software upgrade to improve network security, performance, and sustainability. A survey by Tines and AWS reveals that 88% of security teams are achieving their performance goals despite increased workloads and limited staff, highlighting the impact of AI on job satisfaction and performance.

Finnomena has partnered with Google Cloud to implement AI solutions for capital markets information management, enhancing financial updates and investment offerings. Wayfair will lay off 340 tech employees and close its Austin center as it shifts to cloud computing and generative AI, expecting savings by late 2025. Philips has chosen AWS to enhance healthcare services with AI, aiming to improve patient care and reduce costs.

Cohere has introduced Command A, a generative AI model for enterprises, supporting 23 languages and offering advanced deployment capabilities. The World Economic Forum and VivaTech have launched an AI Excellence Centre in Paris to foster innovation and responsible AI adoption. VAST Data has updated its platform to support retrieval augmented generation AI workloads at exabyte scale, enhancing vector search and access control.

Schneider Electric has opened a new Energy Innovation Center in Houston, Texas, to advance automation and energy sectors. The facility includes an interactive control room for training and simulations, part of the company's €2 billion digitalization investment.
Vodafone UK and Ericsson have trialed AI technology to improve energy efficiency in Vodafone's 5G network, achieving up to a 33% reduction in power consumption at select London sites.

Flowing Bee has raised $1.6 million to enhance its AI-driven marketing automation platform, focusing on technology improvements and team expansion in Australia and the US. AvatarOS secured $7 million in seed funding from M13 to develop an AI-powered virtual influencer platform, aiming to expand its team and improve avatar technology. Bria raised $40 million in Series B funding to expand its visual generative AI platform and develop a new IP ecosystem for businesses.

Voxo and Bonnier News collaborate to use AI for analyzing panel discussions at Nordic industry events. The UK CMA concludes it lacks jurisdiction over Microsoft's partnership with OpenAI. Ainos Inc. and ugo Inc. partner to integrate AI Nose technology into robots for improved safety and security.