NewsFeed

January 5, 2025

Bosch Aims for €6 Billion Software Sales

Bosch, a technology company, aims to generate over 6 billion euros in sales from software and services by the start of the next decade. The company's ambition is driven by its expertise in artificial intelligence (AI), with more than 5,000 AI experts registering over 1,500 patents in five years. Bosch has also successfully trained 65,000 associates through its Bosch Tech Compass program. In addition to its software and AI capabilities, the company offers mobility-specific solutions, partnering with major tech players. Its products, such as intelligent MEMS sensors and an award-winning smart crib, are integrated into various aspects of daily life, including smartphones and baby care devices.

https://www.manilatimes.net/2025/01/07/tmt-newswire/globenewswire/bosch-uses-software-and-ai-to-make-its-products-smarter-and-make-peoples-lives-safer/2031820

January 5, 2025

Carta Healthcare Wins Pinnacle Award for AI Leadership

Carta Healthcare has won a Diamond Award for AI & Automation Leadership in the Innovation & Technology category of the Pinnacle Awards for Business. The award recognizes the company's innovative clinical data abstraction platform, which uses artificial intelligence (AI) technology combined with expert human abstractors to improve patient care and reduce costs. By using Carta Healthcare's platform, health systems and hospitals can lower their data abstraction costs by more than 50%, reduce per-case abstraction time by two-thirds, and achieve an average 98%-99% Inter-Rater Reliability (IRR). The company has also developed risk-sharing models that have yielded 100% customer retention and the highest customer satisfaction ratings.

https://www.prnewswire.com/news-releases/carta-healthcare-wins-ai--automation-leadership-honors-in-first-annual-pinnacle-awards-for-business-302342117.html

January 5, 2025

Dell Unveils AI-Powered PCs and Workstations

Dell Technologies has developed a range of hardware solutions that incorporate AI-powered features to support various AI workloads. The company's offerings include AI PCs and Workstations, as well as Servers for High-performance Computing, Data Storage, Cloud Native Software-Defined Infrastructure, Networking Switches, Data Protection, HCI (Hyper-Converged Infrastructure) and Services.

https://www.prnewswire.com/news-releases/dell-technologies-leads-ai-pc-movement-with-new-redesigned-pc-portfolio-302343046.html

January 5, 2025

FDA Seeks Public Comment on AI in Drug Development

The US Food and Drug Administration (FDA) has released a draft guidance on the use of artificial intelligence (AI) in drug development and manufacturing, seeking public comment within 90 days. The guidance was informed by feedback from an expert workshop, over 800 comments from external parties, and the FDA's experience with more than 500 submissions containing AI components since 2016. The agency is asking for input on how well the draft aligns with industry experience and whether available options for engaging with the FDA on AI use are sufficient. This guidance is specific to drug and biological products, and follows a separate announcement of draft guidance on AI-enabled medical devices.

https://www.prnewswire.com/news-releases/fda-proposes-framework-to-advance-credibility-of-ai-models-used-for-drug-and-biological-product-submissions-302343078.html

Foxconn Revenue Surges to Record $64.72 Billion

Foxconn, the world's largest contract electronics maker, reported its highest-ever revenue for the fourth quarter, exceeding expectations with a 15.2% increase to T$2.13 trillion ($64.72 billion). The company's strong demand for artificial intelligence (AI) servers drove growth in its cloud and networking products division, particularly from customers such as Nvidia, an AI chip firm. In contrast, sales of smart consumer electronics, including iPhones assembled by Foxconn, experienced "roughly flattish" year-on-year growth.

https://www.brecorder.com/news/40341182/foxconn-beats-estimates-with-record-fourth-quarter-revenue-on-ai-demand

January 5, 2025

Google Unveils 'Always-On' TV Mode at CES

Google showcased a new "always-on" mode for TVs at CES that uses sensors to display relevant information such as news reports or weather forecasts when a user is near. This development is part of a broader trend in artificial intelligence, dubbed the "leap year," where companies like Google and others are releasing advanced AI models, including Google's Gemini model. These advancements enable systems to handle uncertainty more effectively, explain their reasoning processes, and adapt to new information, with applications across various fields such as scientific research and creative production.

https://www.pymnts.com/artificial-intelligence-2/2025/google-reportedly-bringing-gemini-ai-to-tv-sets/

January 5, 2025

HERE Unveils WeGo Pro Commercial Vehicle App

HERE is launching a commercial vehicle version of its WeGo Pro mobile app in 2025, which will integrate its AI Assistant to provide transportation and logistics companies with optimized truck routing and real-time fleet management capabilities. The AI Assistant will allow drivers and fleet operators to optimize routes based on time or cost constraints and adapt to changing road conditions for efficient operations, while also enabling voice control through natural language to reduce distractions and increase safety.

https://www.manilatimes.net/2025/01/07/tmt-newswire/globenewswire/here-technologies-unveils-ai-powered-intelligent-guidance-assistant-for-software-defined-vehicles-and-transportation-companies/2031791

Infosys Falls Short of Market Expectations

Infosys reported modest growth in its latest quarter, but fell short of market expectations. The company's margins improved by 10 basis points due to reduced onsite costs and enhanced operational efficiencies. However, analysts from Motilal Oswal Financial Services anticipate margin pressures in the December quarter due to seasonal furloughs and fewer working days. Infosys is implementing cost-saving initiatives such as subcontractor optimisation and its "Project Maximus" plan to offset these challenges. The company has also delayed salary hikes for employees, but selective increments are being given to top performers in high-demand areas like artificial intelligence.

https://indiatoday.in/business/story/it-giant-infosys-delays-annual-salary-hikes-to-q4-3-reasons-why-stmp-2660403-2025-01-06

Nvidia Leads Dow Surge on AI Boost

US stocks opened higher on Monday, led by a surge in chip companies benefiting from investment in generative artificial intelligence. The Dow Jones Industrial Average rose 0.4 percent to 42,879.88, while the S&P 500 increased 0.9 percent to 5,993.49. Chip designer Nvidia and Micron Technology saw significant gains, with shares rising by 3.3 percent and 9.4 percent respectively. The Nasdaq Composite jumped 1.3 percent to 19,882.28. Additionally, Fubo's stock soared 150 percent after Disney announced a merger with Hulu+ Live TV, while Disney's share price rose 0.3 percent. This week will be marked by the release of fresh jobs data and minutes from the US Federal Reserve's interest rate decision, as well as earnings reports from companies such as Delta Airlines and Walgreens Group Alliance.

https://www.brecorder.com/news/40341321/us-stocks-edge-higher-on-rebound-in-chip-stocks