Cloud Computing Dominates as AI-Driven Innovation Soars
Cloud spending to reach $824 billion by 2025, driven by AI, edge computing, and multicloud strategies.
Bizbooq
In a significant development, Highlight, a cross-platform AI assistant launched by Medal earlier this year, has spun off into a separate entity and raised $10 million in a funding round led by General Catalyst. The new entity, which has also received a $3 million investment from Medal, is poised to revolutionize the way users interact with AI technology.
Highlight's innovative approach allows users to attach context such as screens, voice notes, or documents to their queries, enabling more accurate and relevant responses from the AI assistant. The app can also transcribe calls and meetings, and perform tasks such as summarizing, rewriting, and explaining context.
The startup plans to open up its platform to users, enabling them to create custom actions and prompts, and even share useful automations with the community. For developers, Highlight will provide an agentic framework to build apps on top of its technology.
"We want to create virtual employees that can take care of tasks for you, freeing up your time," said Pim de Witte, co-founder of Medal and Highlight.
The funding round, which also saw participation from Valor, SV Angel, and Conviction Embed, is a significant vote of confidence in Highlight's vision to make AI more accessible and user-friendly.
Cloud spending to reach $824 billion by 2025, driven by AI, edge computing, and multicloud strategies.
Red Hat expands its partnership with Microsoft, making RHEL AI and JBoss EAP available on Azure, enhancing AI model development and Java app modernization
The trend of data gravity moving away from public cloud platforms is driven by the increasing adoption of AI technologies, which require real-time processing and analysis of vast amounts of data close to the source. This shift is prompting enterprises to rethink their cloud strategies and adopt hybrid models that balance the benefits of cloud computing with the reliability of traditional infrastructures.
Copyright © 2023 Starfolk. All rights reserved.