Databricks, a leader in data and AI, has acquired Neon, a serverless Postgres company, to provide developers and AI agents with a powerful, elastic, and open database foundation that combines speed, scalability, and branching capabilities for seamless data management.
AI powerhouse Harvey raises $100M at a $1.5B valuation, backed by Google Ventures, OpenAI, and top VCs, to supercharge its AI-powered technology for professional services across business functions globally.
Amazon and HUMAIN are investing over $5 billion to establish an 'AI Zone' in Saudi Arabia, featuring dedicated AWS AI infrastructure, services like SageMaker and Bedrock, generative AI capabilities like Amazon Q, and initiatives to develop AI solutions, a unified AI marketplace, Arabic language models, and AI talent.
In a strategic move to streamline operations and reduce management layers, Microsoft has announced a significant workforce reduction, slashing approximately 6,000 jobs, representing 3% of its global workforce of 228,000 employees as of June 2022.
Google's new Gemini Code Assist leverages AI to provide coding assistance, code generation, and natural language chat for developers, offering features like local codebase awareness, code customization, and app development within IDEs and Google Cloud services, aiming to accelerate development while ensuring enterprise-grade security and privacy.
Postgres 18 introduces asynchronous I/O (AIO) for read operations, offering potential performance gains of up to 3x, especially in cloud environments with high storage latency, through options like dedicated I/O worker processes or the Linux io_uring interface.
BreezoMeter leverages Google Cloud's scalable and sustainable infrastructure to analyze vast environmental data, delivering precise, hyperlocal insights on air pollution, pollen, wildfires, and weather for over 100 countries, processing 1.8 TB of data and calculating 10 billion pollutant concentrations hourly.
Llama API empowers businesses to leverage cutting-edge Llama AI models effortlessly, offering lightweight SDKs and compatibility endpoints, while prioritizing data privacy and security by ensuring API inputs and outputs do not train Meta's models.
Supabase, the open source backend platform for developers supporting Postgres databases, has skyrocketed to a $2 billion valuation after securing a massive $200 million Series D funding round led by Accel, with participation from top investors like Coatue, Y Combinator, and Craft Ventures.
Major tech giants like Amazon and Microsoft are strategically pausing or slowing down their data center expansion plans, signaling a shift in spending priorities amidst economic headwinds and potential cost-cutting measures within the industry.