Boston-based startup Smartcat has raised $43 million in Series C funding to advance its AI translation platform. Founded just six years ago, Smartcat has served over 1,000 enterprises, including 20% of the Fortune 500 companies. Co-founder and CEO Ivan Smolnikov, a former physicist, aims to disrupt the traditional translation model by providing efficient multilingual content processing. The Smartcat platform supports translation in 280 languages and uses a 'matching engine'.

At a recent Gartner IT symposium, analysts predicted that by 2027, 40% of generative artificial intelligence (GenAI) solutions will achieve multimodal integration, significantly up from 1% in 2023. The integration of multimodal GenAI can capture relationships between different data streams and expand benefits across various data and applications, supporting human multitasking in different environments. Gartner's report indicates that multimodal GenAI and open-source large language models will have a profound impact, benefiting enterprises in the next five years.

Dell Technologies Group's second-quarter fiscal report for 2025 demonstrates strong performance, with total revenue reaching $25.026 billion, a year-over-year increase of 9%. The Infrastructure Solutions Group performed impressively, generating $11.6 billion in revenue, a 38% increase, with server and networking revenue jumping 80% to $7.7 billion. However, the storage business reported revenue of $4 billion, down 5%. The Client Solutions Group's revenue was $12.4 billion, reflecting a 4% year-over-year decline. Demand in the AI sector continues to climb, with demand for AI-optimized servers at $3.2 billion, a 23% quarter-over-quarter increase.

In August 2024, Baidu Cloud Drive launched a solution tailored for the photography industry, integrating storage backup, AI photo editing, and efficient delivery. The aim is to help photography studios improve efficiency, reduce costs, and enhance business growth. Through research conducted with hundreds of photography studios, Baidu Cloud Drive identified common issues such as management difficulties, low efficiency, and high costs, and developed this targeted solution.

Mastercard has launched an innovative approach utilizing generative AI and graphical technology to significantly enhance the identification of stolen payment cards, doubling its detection rate and allowing for risk identification before cards are maliciously used. This technology has a profound impact on both online and brick-and-mortar retailers, helping to reduce fraud losses, improve transaction security, and enhance customer experience. By quickly scanning vast amounts of card data and transaction information, the system can identify new fraud patterns, predict and infer partial visible card information, reconstruct complete card details, promptly alerting banks and protecting cardholders against fraud.

In the continuous development of the AI field, people are beginning to worry about the impact of AI on Earth, particularly its high energy consumption and carbon emissions. The latest research shows that generative AI queries consume much more energy than traditional search engine requests, up to four to five times the energy of traditional operations. Especially, the energy required for image generation tasks is much higher than that of text-based operations. According to research by Morgan Sta

Kaedim has completed a $15 million Series A funding round to promote AI-driven 3D asset creation solutions. They launched an AI-driven marketplace offering 10,000 pre-generated 3D assets, aiming to expand their platform and market share. New tools have been released to assist creators in building 3D assets, integrating with existing workflows such as Unreal and Blender. The CEO stated that the company is committed to driving innovation in 3D technology applications, providing creators with efficient tools and services.

Huawei unveiled three innovative data storage solutions at MWC24 Barcelona, including AI Data Lake, All-Scenario Data Protection, and DCS Full-Stack Data Center, aimed at building a leading data infrastructure for the AI era.

Lenovo Group unveiled the new ThinkPad and ThinkBook business AI PCs at MWC 2024. The new AI PCs feature the latest Intel Core Ultra processors and come with the Windows 11 operating system. The company introduced software solutions, including Lenovo Identity Advisor and Smart Connect. Lenovo also showcased the latest concept product, the ThinkBook Transparent Screen Laptop, revolutionizing user experience.

Lenovo is working closely with Nvidia to provide AI professional services that help customers quickly deploy hybrid AI solutions. The collaboration aims to strengthen capabilities in the AI field and offer better solutions to customers.

Cisco and NVIDIA collaborate to provide AI hardware and software solutions, offering enterprise customers an alternative in data centers. NVIDIA's AI chips and platforms will be made available through Cisco, deepening the longstanding partnership between the two companies. Enterprise customers can access support through Cisco's partner ecosystem to adopt AI and automation technologies. NVIDIA CEO Jensen Huang stated that the collaboration with Cisco makes it easier for enterprises to access AI infrastructure and benefit from AI technology.

Galileo has recently launched a new tool aimed at helping enterprises develop trustworthy artificial intelligence solutions. The new tool, named Retrieval-Enhanced Generation and Agent Analysis Solution, tackles complex RAG systems. The tool incorporates advanced insights and metrics, providing visibility into every stage of the RAG workflow, enabling rapid assessment and error detection. Galileo's tool transforms the AI development process, making AI applications more efficient and reliable, aligning with the future commercialization trends of AI.

UK-based company Robin AI has successfully completed a Series B funding round, raising nearly $430 million in total funding. Powered by Claude 2.1 technology, the Robin Copilot assistant enhances the efficiency of drafting and reviewing legal contracts. The new funds will be used to expand operations in the US and Asia-Pacific regions. Robin AI's unique solutions have garnered investor confidence, with Temasek Holdings leading the round. This reflects a growing interest in the application of artificial intelligence in the legal field, transforming the way the legal industry operates.

The survey shows that only 10% of companies adopted generative AI solutions in the past year. Among those that have adopted, half reported benefits such as improved customer experience, increased efficiency, upgraded product capabilities, and cost savings. The survey indicates that 46% of respondents believe that infrastructure is the biggest barrier to developing large language models into products. Despite the benefits, the path to adopting generative AI still faces challenges such as complexity, high costs, and compliance issues.

Google plans to invest $4 million in the Indian startup CoRover.ai to support the development of BharatGPT, which supports over 130 languages and has the capability to handle diverse data formats. Google is confident in the development of the AI sector in India.

Yellow.ai, a global leader in conversational AI solutions, has selected AWS as its preferred cloud service provider to deliver generative AI-based voice and chat bot solutions. Yellow.ai leverages AWS's global infrastructure to provide high availability and low-latency services. Using generative AI technology, Yellow.ai can automatically handle 90% of customer inquiries, reducing operational costs by 20%. Yellow.ai's dynamic AI agents can engage customers in goal-driven conversations, providing high

C3 AI and AWS have signed a strategic partnership agreement focused on expanding the C3 Generative AI Suite in the AWS Marketplace. The collaboration aims to provide AI solutions that address critical business challenges for clients across various industries. It particularly serves the manufacturing, energy and utilities, and consumer packaged goods sectors while also supporting government solutions. The CEO of C3 AI stated that the partnership is dedicated to enhancing efficiency, accelerating data retrieval and analysis, and realizing value creation.

The AI industry is facing a crisis in training data that may slow down the growth of AI models. High-quality data is crucial, but it may run out before 2026. Solutions include improving algorithms and using synthetic data.

Tencent Cloud's vector database fully opens public beta, providing efficient access solutions for large model data vectorization, improving storage and query efficiency to address the high pre-training costs, hallucinations, lack of long-term memory, and knowledge updates associated with large models. It has already served over 40 internal businesses and hundreds of public cloud external clients.

Startup Cranium announced it has successfully raised $25 million, led by Telstra Ventures, bringing total funding to $32 million. Cranium offers customized software solutions to help enterprises assess AI security risks and compliance without disrupting workflows. The company's solutions include a private AI dashboard, AI connectors, and AI maturity scoring, aimed at ensuring the reliability and compliance of AI systems. Cranium plans to enhance its enterprise software platform to provide organizations with more secure and compliant solutions.