NEWS PROVIDED BYOmnicom Group Inc. Jul 16, 2024, 16:02 ET Revenue of $3.9 billion, with organic growth of 5.2% Net income of $328.1 million Diluted earnings per share of $1.65; $1.95 Non-GAAP adjusted Non-GAAP adjusted EBITA of $589.6 million and 15.3% margin NEW YORK, July 16, 2024 /PRNewswire/ — Omnicom (NYSE: OMC) today announced results for the quarter ended June 30, 2024. “Our 5.2% organic growth in the second quarter drove solid growth in adjusted EBITA & EPS, with good performance in our larger markets and disciplines,” said John Wren, Chairman and Chief Executive Officer of Omnicom. “With the rapid adoption of Gen AI, creativity and talent matter more than ever to address…
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NEWS PROVIDED BYAmity Solutions Jul 16, 2024, 23:07 ET BANGKOK, July 16, 2024 /PRNewswire/ — Amity Solutions (ASOL), a leading software and AI business from Thailand, together with its parent company, Amity Corporation, today announced the completion of a US$60 million Series C financing round. This funding will support the company’s mission to transform customer engagement software products into Generative AI (GenAI) centric applications that are able to create significantly more value and utility for enterprises. The funds will primarily be allocated to GenAI research and development, as well as the company’s M&A strategy to further acquire SaaS (software as a service) companies with the highest…
NEWS PROVIDED BYBandwidth Inc. Jul 16, 2024, 16:30 ET RALEIGH, N.C., July 16, 2024 /PRNewswire/ — Bandwidth Inc. (NASDAQ: BAND), a leading global enterprise cloud communications company, today announced it will report its financial results for the second quarter ended June 30, 2024 before market open on Thursday, August 1, 2024. Bandwidth will offer a live webcast of the conference call on the Investor Relations section of the company’s website at https://investors.bandwidth.com, where a replay will also be available shortly following the completion of the conference call. Conference call details:Date: Thursday, August 1, 2024Time: 8:00 a.m. Eastern TimeDial-in number (domestic): 844-481-2707Dial-in number (international): 412-317-0663 Replay information:Following the completion of…
NEWS PROVIDED BYTechnavio Jul 16, 2024, 17:01 ET NEW YORK, July 16, 2024 /PRNewswire/ — The global independent software vendors (ISVs) market size is estimated to grow by USD 2.05 trillion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 14.73% during the forecast period. Rise in volume of enterprise data is driving market growth, with a trend towards increasing adoption of cloud computing by end-users. However, high costs of licensing and support poses a challenge. Key market players include Adobe Inc., Alphabet Inc., Autodesk Inc., Avgi Solutions Inc., Cisco Systems Inc., Dell Technologies Inc., HP Inc., International Business Machines…
NEWS PROVIDED BYNetskope Jul 17, 2024, 00:01 ET Generative AI usage more than triples in 12 months but organizations still struggling to balance safe enablement with risk management SANTA CLARA, Calif., July 17, 2024 /PRNewswire/ — Netskope, a leader in Secure Access Service Edge (SASE), today published new research showing that regulated data (data that organizations have a legal duty to protect) makes up more than a third of the sensitive data being shared with generative AI (genAI) applications—presenting a potential risk to businesses of costly data breaches. The new Netskope Threat Labs research reveals three-quarters of businesses surveyed now completely block at least one…
NEWS PROVIDED BYNscale Jul 16, 2024, 19:00 ET DUBAI, UAE, July 16, 2024 /PRNewswire/ — Open Innovation AI, a leader in GPU orchestration platforms with AI and data science tools and frameworks and Nscale, a leading AI cloud service provider, today announced a strategic partnership designed to deliver AI Cloud services and optimised AI workloads at scale to the global market. This alliance will combine Nscale’s powerful GPU infrastructure with Open Innovation AI’s advanced end-to-end AI platform to deliver optimised, scalable, and efficient AI solutions. Strategic Alliance Overview The partnership aims to enhance the performance, scalability, and accessibility of AI workloads while prioritising…
NEWS PROVIDED BYBrioworkx 17 Jul, 2024, 10:00 IST CHENNAI, India, July 17, 2024 /PRNewswire/ — In the bustling fintech ecosystem, Brioworkx stands out as a beacon of innovation. Their expertise spans fintech platforms, e-publishing, web and app development, and digital marketing services. The company’s latest achievement has been the successful launch of a highly profitable financial product aggregator website that seamlessly integrates loans, insurance policies, and mutual funds from various providers. This showpiece stands as a testament to Brioworkx’s expertise in building a cutting-edge product. As a part of his decade-long experience with several Fortune 500 companies, Naresh Rajaram has worked with several emerging technologies — some established ones…
NEWS PROVIDED BYChai Jul 17, 2024, 00:30 ET CHAI, a Palo Alto AI startup, has 1M DAU on its Chai app, generating $12M annually. Its Chaiverse platform lets LLM builders fine-tune models, boosting AI performance. PALO ALTO, Calif., July 17, 2024 /PRNewswire/ — CHAI, a pioneering generative AI startup based in Palo Alto, is experiencing robust growth driven by its innovative approach to user-generated AI content. The company’s developer platform, Chaiverse, has become a hub for large language model (LLM) builders to submit and fine-tune their own models, leading to a vibrant and engaged community. The Chai app, CHAI’s consumer application, boasts impressive statistics with over 1 million daily active…
NEWS PROVIDED BYSinch AB Jul 17, 2024, 03:47 ET Empowering Businesses with Advanced AI Tools for Unparalleled, Trustworthy Conversational Experiences ATLANTA and STOCKHOLM, July 17, 2024 /PRNewswire/ — Sinch which is pioneering the way the world communicates through its Customer Communications Cloud, today announced the debut of Sinch AI. This groundbreaking capability equips forward-thinking businesses with advanced tools to craft smarter, safer, and more efficient conversational experiences, setting them apart in an increasingly competitive market. In today’s fast-paced business environment, the challenges are immense. With customer expectations reaching new heights and market conditions constantly evolving,…
NEWS PROVIDED BYNasuni Jul 16, 2024, 08:00 ET 65% of IT Decision-Makers are Rushing to Hybrid Cloud with Cybersecurity Risks and AI on the Rise BOSTON, July 16, 2024 /PRNewswire/ — Nasuni, a leading enterprise data platform for hybrid cloud environments, today unveiled the findings of its new industry research 2024 report entitled, “The Era of Hybrid Cloud Storage.” The research includes insights from over 1,000 IT purchasing decision-makers in the US, UK, and DACH (Germany, Austria, Switzerland) on hybrid cloud, digital transformation, security, and artificial intelligence (AI). David Grant, President of Nasuni, commented, “As hybrid cloud storage takes center stage, organizations need strategies to capitalize…