Paul Gillin
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Tech stocks tank as Chinese startup DeepSeek stuns AI world with low-cost model rivaling US firms’ best
Technology stocks were hammered in early Monday trading on news that a Chinese startup has built and released to open source a chatbot based on an artificial intelligence model that rivals the performance of the most capable models built by U.S. companies but at a fraction of the cost. DeepSeek, which is operated by Hangzhou ...
Iceberg project leader is bullish on prospects for unified tables and catalogs
Some people hailed Amazon Web Service Inc.’s December announcement that S3 tables will fully support Apache Iceberg as a crowning triumph for the open-source table format. One of them is Russell Spitzer, a principal software engineer at Snowflake Inc. and an Iceberg Project Management Committee member. While he noted that the announcement was less than ...
Galileo unleashes platform for evaluating AI agents
Galileo Technologies Inc., which makes tools for observing and evaluation artificial intelligence models, today unveiled Agentic Evaluations, a platform aimed at evaluating the performance of AI agents powered by large language models. The company said it’s addressing the additional complexity created by agents, which are software robots imbued with decision-making capabilities that enable them to ...
Gartner sees 10% IT spending jump in 2025, but don’t get too excited
Gartner Inc. expects worldwide information technology spending to grow 9.8% to $5.61 trillion in 2025, well ahead of the 7.7% increase in 2024, but don’t get your party hats out just yet. The research firm says much of the spending bump will cover price increases for existing products and services. “The median amount that CIOs are ...
Google bids for multimodal AI leadership
With some forecasts calling for the multimodal artificial intelligence market to grow more than 35% annually over the next few years, Google LLC is betting it can grab a pole position. The company’s cloud computing unit recently asserted that multimodal AI, which combines text, images, video, audio and other unstructured data with generative AI processing, ...
Onehouse says its runtime accelerator can speed data lakehouse operations up to 30-fold
Managed open data lakehouse provider Onehouse Inc. today released a runtime engine that it said can accelerate workloads across the most popular open data lake table formats up to 30-fold. The company said it achieves these results by deeply understanding common data workloads such as ingestion and transformation and implementing specialized optimizations for those workloads. Onehouse ...
Snowflake claims breakthrough can cut AI inferencing times by more than 50%
Snowflake Inc. today said it’s integrating technology into some of its hosted large language models that it says can significantly reduce the cost and time required for artificial intelligence inferencing, the use of trained models to make predictions or generate outputs based on new input data. The technique, called SwiftKV, is an optimization technique for ...
Insightsoftware boosts EPM capabilities with JustPerform acquisition
Insightsoftware, a provider of software for chief financial officers, today announced its 29th acquisition since its 2018 founding, picking up enterprise performance management firm JustPerform Inc. for an undisclosed price. Insightsoftware, which is the business name of GS Topco GP LLC, said JustPerform adds cloud-native planning, consolidation and reporting to its portfolio. Enterprise performance management ...
Red Hat releases OpenShift for virtualization and tools for multicloud traffic management
IBM Corp. subsidiary Red Hat today announced the general availability of the Red Hat OpenShift Virtualization Engine, a version of the OpenShift orchestration platform that’s geared exclusively toward virtualization workloads. The company also announced the general availability of Red Hat Connectivity Link, a hybrid multicloud traffic management, policy enforcement and role-based access control platform for ...
Nvidia partnerships aim to accelerate use of AI agents in healthcare research
Nvidia Corp. today will use the J.P. Morgan Health Care Conference in San Francisco to announce multiple partnerships with healthcare technology firms aimed at apply artificial intelligence to speed up workflows in tasks ranging from drug discovery to genetic engineering. The partnerships are based on Nvidia’s concept of “AI factories,” which are data centers that ...