Author: Art Ryan

Netomi, the San Jose-based startup building an AI customer support platform, announced raising a Series D funding of $110M. $110M Capital Raise Bodes Well for Growing Popularity of AI for Customer Service A $110M funding round is a strong signal of the growing popularity of artificial intelligence (AI) solutions that help enterprises automate their customer support operations. The startup builds AI-powered customer agents that interact with customers via chat, email, voice calls, and messaging apps. These AI agents enable businesses to reduce costs while offering faster response times. “We are building a portfolio of AI-powered technologies that make automated customer…

Ahead of the continued AI boom, Western Digital expects its quarterly revenue to beat estimates on surging demand for AI-based storage. Artificial Intelligence Growth Spurs Storage Demand The rapid growth of artificial intelligence requires massive data infrastructure, resulting in huge storage needs. Western Digital says it expects to generate more revenue than expected in its next quarter, particularly due to demand from AI operations. Each AI system generates vast amounts of data, requiring high-capacity hard disk drives (HDDs) and high-speed solid-state drives (SSDs) to process and store data for training models, analyzing results, and executing tasks. Data Centers and AI…

Reddit is taking advantage of the power of innovation in artificial intelligence (AI), and the company expects its AI-powered advertising solutions to drive revenue growth even higher than analysts had expected. Reddit’s AI-Driven Marketing Boosts Revenue Growth The social media platform recently released its latest guidance, emphasizing the success of its pioneering advertising technology. Reddit’s AI-powered solutions are contributing to revenue growth and improving advertising effectiveness. The company is using artificial intelligence to automate marketing campaign design and analysis, giving it an edge over other players in the digital marketing space. How AI is transforming Reddit’s ad business Reddit can…

The travel company Rakuten Travel uses artificial intelligence (AI) to bring about improvements in hotel bookings with a new agent designed to recommend hotels. Such improvements promise more personalized travel booking for its customers. AI Recommendations For Hotels Getting Smarter Than Before Rakuten Travel integrates an improvement on its AI agent that helps travelers make informed decisions when searching for accommodations. Its AI agent uses big data consisting of user reviews, accommodation data, and booking behavior to provide personalized hotel recommendations. Using the agent enables you to communicate your preferences for accommodations using natural language processing (NLP) to obtain the…

eBay is on track for a strong year with Q2 revenue expected to beat analysts’ estimates, helped by artificial intelligence (AI) and increased demand for specific product categories. According to the latest eBay Q2 revenue forecast, AI is playing a significant role in driving these positive results. Online Retail Showing Strength Amid Optimistic Outlook The world’s largest e-commerce player forecasts revenue between $2.97 billion and $3.03 billion for Q2 2026, beating expectations. This comes on the back of the company posting revenue of around $3.09 billion in the last quarter, beating estimates on the strength of robust marketplace sales. Despite…

Pirelli is boosting its AI-powered mobility projects with a 30% stake in Swedish AI firm Univrses. The goal is to create state-of-the-art smart tyre solutions using computer vision and data intelligence. Pirelli Deepens AI Engagement With New Partnership Italian tyre maker Pirelli has signed a partnership agreement with Univrses. It is acquiring a 30 per cent stake in the startup, which it may increase further in the future. Pirelli aims to embed AI-based computer vision into its Cyber Tyre solution. This will make tires a new generation of smart devices for cars. AI Integration in Smart Tyres The collaboration combines…

Microsoft has shown growth in cloud revenue in line with expectations, indicating that its big investments into artificial intelligence (AI) are finally paying off – especially amid increasing competition within the AI cloud race. Revenue Growth in Line with Expectations Microsoft Azure is a powerful growth engine for Microsoft. The cloud service showed another good result, with a revenue increase of about 40% year-over-year, meeting analyst expectations. That means Azure’s success is due to an increasing demand for cloud computing services related to AI such as data storage, processing, and enterprise AI tools. Although many were worried that Azure growth…

Amazon is beating investor expectations again. The cloud services unit Amazon Web Services (AWS) has shown impressive growth numbers due to booming artificial intelligence demand from enterprises. Amazon Cloud Shows Extraordinary Growth Rates For Amazon, the cloud division remains the key growth factor. The company’s cloud business grew by around 28% annually in the first quarter of 2026, the highest growth rate for AWS in the last year. Revenue growth was fueled by strong demand from enterprises to build and deploy AI applications, store massive amounts of data and run compute-intensive workloads in the cloud. AI services have become an…

Alphabet has achieved revenues greater than expected due to the rising demand for artificial intelligence (AI). The demand is mainly coming from Alphabet’s growing Google Cloud service segment. Revenue Growth Driven by Rising Enterprise AI Demand According to reports, Alphabet has posted better than expected results in terms of revenues. Revenues stood at nearly $110 billion, representing a 22% increase YoY. However, it beat analyst projections in this respect. One of the biggest contributions to Alphabet’s success was Google Cloud. It has delivered $20 billion in revenues, reflecting a 63% increase YoY. This growth is mostly associated with enterprise demand…

The United States Department of Defense (Pentagon) signed an agreement with tech giant Google, giving access to advanced artificial intelligence technology for military purposes and further expanding AI in the field of defense. AI of Google To Serve the Military According to the agreement, Google will offer its AI services, including the recently released Gemini AI, to Pentagon operations, including classified missions. The deal allows the Department of Defense to use the mentioned technologies for “any lawful government purpose,” meaning AI can be applied to data analysis, logistics, and mission planning processes. The Pentagon now joins a list of military…

As it moves deeper into the era of agentic AI, SAS is making governance a central pillar of its strategy—focusing on trust, transparency, and control as essential for enterprise adoption. The SAS AI governance agent strategy is now the guiding force behind these priorities. What This Shift Means SAS is embedding governance across the entire lifecycle of AI agents—from design and development to deployment and monitoring. This approach aims to make AI systems more reliable and production-ready, rather than experimental. Indeed, SAS AI governance agent strategy marks a fundamental shift toward holistic oversight. Why AI Governance Is Becoming Essential With…

In 2026, Big Tech companies are set to spend almost $600 billion on artificial intelligence, which has become the focus of investors’ skepticism. Historic Spending on AI by Tech Firms Expected in 2026 The largest tech companies in the world, including Amazon, Microsoft, Google, and Meta, are accelerating investments into AI infrastructure, data centers, and advanced computing technologies. According to analysts, this year’s capital expenditures in the field of artificial intelligence will exceed $600 billion, making it one of the most significant investment periods ever observed in the IT industry. The reason for this massive influx of funds is a…

Amazon is rolling out advanced agentic AI software to enable broad hiring, seeking to speed up and simplify recruitment in a surprisingly more human way. How AI Is Reshaping High-Volume Hiring To solve the problem of high-volume hiring, especially in peak seasons, Amazon has implemented AI-driven recruitment systems that automate much of the hiring process, including cutting down or even eliminating traditional in-person interviews. Amazon can use agentic AI to improve candidate screening, interviewing and onboarding. This leads to a faster hiring process, and the ability to handle many applicants at once. Learn more about AI in HR and recruitment.…

AI-related stocks suffered a significant drop in value as the market responded to news about potential difficulties OpenAI is facing in meeting crucial growth targets. This clearly illustrates OpenAI growth concerns AI stocks are grappling with in the current market environment. Impact of OpenAI Struggles on Market Stock prices of Oracle and CoreWeave fell after reports emerged that OpenAI was missing some internal goals concerning growth in its customer base and earnings. As a direct result, OpenAI growth concerns AI stocks investors may have are coming to the forefront. The report has led to wider concerns related to the possibility…

Authentic Brands Group (ABG), a prominent brand management firm, aims to achieve unprecedented success in the future. In an interview with the media, CEO Jamie Salter announced that ABG will generate more than $50 billion in global retail sales revenue in 2026, demonstrating significant growth. Notably, the Authentic Brands Group $50 billion revenue target stands as a major milestone for the firm. Achieving a Growth Objective Worth $50 Billion ABG strives to become the leading player in the world’s retail and licensing industry, generating massive revenue through acquisitions, licensing contracts, and partnerships. The company is now a $38 billion retailer…

Johnson & Johnson (J&J) has unveiled new information about the future of AI in healthcare, announcing that AI will help cut drug development leads’ identification process by up to 50%. Accelerated by AI, Lead Optimization Executives from the J&J group of companies report that the process of generating drug development leads will soon be significantly accelerated thanks to AI. Typically, this step—known as lead optimization—used to require years of effort, yet the company expects AI will help make it twice as fast. Instead of using trial-and-error approaches or manual search of potentially effective drug components, AI-driven platforms analyze huge data…

Qualcomm Soars as It’s Reported To Partner With OpenAI For AI Smartphone Processor Development Shares in chipmaker Qualcomm soared after news broke about its potential partnership with OpenAI, which is expected to focus on AI smartphone processors for the years ahead. Qualcomm Stock Soars Amid Reports Of AI Chipmaking Plans Analyst Ming-Chi Kuo says that Qualcomm is cooperating with OpenAI to produce chips dedicated to future AI smartphones. This caused a dramatic increase in the price of Qualcomm shares in the first minutes of trading. The deal between the two companies is expected to help Qualcomm strengthen its position in…

Google plans to build an Artificial Intelligence (AI) campus in South Korea, further expanding its network of AI campuses worldwide. Google to Build Another AI Campus in Asia Google is considering establishing a new campus in Seoul by 2026. In doing so, the search engine giant would set up the first-ever non-UK campus focused on developing AI. As reported by South Korea’s presidential office, Google will build the campus following high-profile talks held by Google DeepMind CEO Demis Hassabis with South Korean President Lee Jae Myung. Why South Korea? Why Now? South Korea has been trying for some time now…

Accenture Rolls Out Microsoft Copilot to All 743,000 Employees in Largest Microsoft AI Deal. This significant Copilot rollout by Accenture marks a major milestone in enterprise AI adoption as the Accenture Copilot rollout sets a record for size and impact. Accenture is making headlines once again as an early enterprise AI adopter, this time with Microsoft Copilot to all its 743,000 employees in the largest deployment of AI assistants among any company today. The Biggest Ever Enterprise AI Adoption Copilot, Microsoft’s AI assistant integrated into tools like Word, Excel, Outlook, and Teams, is now being used across Accenture’s organization. This…

A historic moment for the tech industry in Europe saw a UK-based AI startup called Ineffable raise $1.1 Billion in the largest seed funding round ever achieved in Europe. Largest-Ever Seed Investment in Artificial Intelligence Technology An unusual case of $1.1 Billion seed funding demonstrates the growing competition between various players around the world trying to win the AI battle. Large investments at such an early stage of development are extremely rare and signify a high level of interest in artificial intelligence products from the investors’ side. The funding will most likely help further develop advanced technologies in the sphere…