Deal includes $4.25 billion sustainability-linked borrowing base facility, along with an expanded corporate revolving credit facility upsized to $770 million, strategically positioning Switch for growth at the forefront of enterprise, hyperscale cloud and AI opportunities. LAS VEGAS, Sept. 12, 2024 /PRNewswire/ — Switch, a premier provider of AI, cloud and enterprise data centers, today announced that it has closed on its $4.25 billion sustainability-linked Borrowing Base Facility (the “BBF”) and upsized its Revolving Credit Facility (the “RCF”) to $770 million. Proceeds from the BBF, which consists of a $3.5 billion revolving credit facility and $750 million term loan, will primarily be used to fund the development of new projects totaling over $5 billion of total contract…
Author: PRNEWSWIRE
One-Click Deployment and Multi-Cloud Flexibility Offer Faster Time to Value, Improved Security, and High Availability Across 24 Global Regions for APIs and AI SAN FRANCISCO, Sept. 12, 2024 /PRNewswire/ — Kong Inc., a leading developer of cloud API technologies, today announced the global expansion of its Kong Konnect Dedicated Cloud Gateways. Now available on Microsoft Azure, along with newly expanded regional support on Amazon Web Services (AWS), this service enables organizations to deploy fully featured Kong Gateways with ease, enhancing scalability, security, and performance across 24 global regions. Building and managing global API infrastructure has traditionally been a complex and resource-intensive process, requiring significant investments in…
NEW YORK and BERGEN, Norway, Sept. 12, 2024 /PRNewswire/ — Reality Defender, an award-winning deepfake detection platform, and Wolftech, a story-centric workflow management system, today announced a partnership to integrate deepfake detection capabilities into the Wolftech platform. The collaboration enables Wolftech clients — most of which are media organizations and professionals — to seamlessly verify media files within their publishing workflow, ensuring the integrity of their journalistic work and preventing the spread of false information. By integrating Reality Defender’s deepfake detection technology, Wolftech users can detect and flag manipulated media, further enhancing the overall quality and accuracy of their storytelling without leaving their publishing workflow. “Reality…
GenAI produces instant executive summaries of search results from an organization’smarket and competitive intelligence knowledge management system BOSTON, Sept. 12, 2024 /PRNewswire/ — Northern Light today launched an expansion of the generative AI (GenAI) capabilities available in its SinglePoint™ knowledge management platform for market research and competitive intelligence. Now users can, with a single click, invoke SinglePoint’s GenAI to instantly generate an executive summary of all the documents contained in a search result; the summary zeroes in on information and insights directly responsive to the search query. The new search result summarization feature expands on Northern Light’s generative AI-based question answering capability, introduced last year. …
BOULDER, Colo., Sept. 12, 2024 /PRNewswire/ — TIFIN AG, a leading provider of AI and machine learning solutions for the wealth management industry, is excited to announce a strategic partnership with Sowell Management, a registered investment advisor (RIA) based in North Little Rock, Arkansas. Sowell Management is committed to driving growth through innovative client acquisition strategies. By prioritizing this goal, Sowell Management is eager to leverage TIFIN AG’s AI-powered wealth management platform and data science expertise to identify new growth opportunities. “We have enjoyed a nice partnership with TIFIN through the years,” said Bill Sowell, CEO and Founder of Sowell Management, “and are thrilled to…
FedRAMP Moderate Authorization of Exiger Federal Cloud Reflects AI Company’s Commitment to Meeting Highest Security Standards in Supply Chain Risk Management WASHINGTON, Sept. 12, 2024 /PRNewswire/ — Exiger, the market-leading supply chain and third-party risk AI company, announced that Exiger Federal Cloud has achieved Federal Risk and Authorization Management Program (FedRAMP®) Moderate Authorization. Today’s announcement marks a major milestone in the continued expansion and enhancement of Exiger’s offerings across the U.S. Federal Government FedRAMP Authorization Reflects Exiger’s Commitment to Meeting Highest Security Standards in Supply Chain Risk ManagementPost this “The expanded government-wide FedRAMP Authorization simplifies and streamlines the experience for our government and Defense…
8 of the 10 Largest U.S. Banks and 6 of the 7 Top Card Issuers Use Motivation AI to Create Personalized, Compliant Marketing Content for Customer Engagement and ROI NEW YORK, Sept. 10, 2024 /PRNewswire/ — Motivation AI company Persado today announced that its enterprise AI platform has collectively driven more than $2.5 billion in additional incremental revenue for large financial services organizations in the past five years alone. Early adopters and innovators, such as Ally Bank, LendingClub, and Chase, use the technology to create on-brand, personalized, and compliant marketing content that engages customers. Ally Bank Executive Director, Product Marketing and CRM, David Hixon, explained, “Persado has helped Ally to understand…
NEW YORK, Sept. 10, 2024 /PRNewswire/ — Protege announced a $10 million seed round and the launch of its AI training data platform to help resolve one of the biggest issues in AI development — sharing and accessing the right training data. The round was led by CRV with participation from SV Angel, Liquid 2 Ventures, Bloomberg Beta, Flex Capital, Adam D’Angelo, Travis May, and more. “The lack of availability of training data is the biggest bottleneck in AI today,” said Bobby Samuels, CEO and Co-Founder of Protege. “By creating a platform for data holders to allow controlled access to their data assets, we enable the construction of critical models in…
Third edition of the Global Artificial Intelligence Summit begins in Riyadh RIYADH, Saudi Arabia, Sept. 10, 2024 /PRNewswire/ — AI leaders from around the world have gathered for day one of the Global AI Summit (GAIN), in Riyadh, Saudi Arabia. Hosted by the Saudi Data & Artificial Intelligence Authority (SDAIA), GAIN 2024 – the third edition of the summit – will explore pivotal themes, such as Generative AI, AI in urban life, and the ethical governance of AI, ensuring a comprehensive discussion on the technology’s impact on society, business, and governance. This landmark summit is bringing together the best minds in AI across four stages – AI…
PLEASANTON, Calif., Sept. 10, 2024 /PRNewswire/ — Workday, Inc. (NASDAQ:WDAY), a leading provider of solutions to help organizations manage their people and money, today announced the election of Rhonda J. Morris, vice president and chief human resources officer (CHRO) for Chevron Corporation, to its Board of Directors. Morris’ appointment to the Workday Board underscores Workday’s commitment of delivering meaningful value to its customers, as she brings a unique, user-oriented perspective alongside a deep understanding of Workday’s products. “Rhonda’s extensive experience leading HR transformation and her deep understanding of the needs of global enterprises make her an invaluable addition to our Board,” said Carl Eschenbach, CEO, Workday. “Her appointment reinforces…